SAP is acquiring Qualtrics for $8 billion, snapping up the survey software company just before its planned IPO.
The all-cash deal has been approved by the boards of both companies and by Qualtrics shareholders, SAP said in a statementon Sunday.
Qualtrics competes with SurveyMonkey, which went public in September. Qualtrics is bigger and growing faster than SurveyMonkey and is also more profitable.
SAP has been counting on new cloud products for growth as the transition away from traditional desktop software has taken business from its core enterprise resource planning business. In October, the German software company raised its outlook following a 41 percent jump in third-quarter cloud revenue. SAP said it now expects revenue growth of 7.5 percent to 8.5 percent this year, up from the prior range of 6 to 7.5 percent.
The deal is SAP’s second-biggest acquisition ever, following the $8.3 billion purchase of travel and expense software company Concur in 2014. To build its cloud business, SAP acquired SuccessFactors in 2011 for $3.4 billion, and earlier this year purchased Callidus for sales performance management at a price of $2.4 billion.
Read more ..
Related topicsSUSE serves up Linux kernel patching, live & hot
If there’s one thing that Linux needs to aid its march onwards it is (arguably) more enterprise robustness. Actually, if there’s one thing that Linux […]Haribo can’t bear SAP S/4HANA implementation
Haribo’s recent deployment of S/4HANA may have led to problems getting its products into stores, but experts believe they could have been avoided with better […]SAP Enterprise Support Academy Integrated into SAP Learning Hub
WALLDORF, Germany, Oct. 26, 2017 — SAP SE (NYSE: SAP) now offers access to a new edition of SAP® Learning Hub to all customers of SAP Enterprise Support services and SAP Enterprise […]15 essential project management tools
Top-level project managers are in high demand, thanks to the high-level leadership, knowledge and capabilities they bring to bear on vital business projects. But having […]10 Useful Python script for HANA
Python support scripts of the HANA Database as HANA 1.0 SPS12 The python support can be found in /usr/sap/<SID>/HDB<XX>/exe/python_support. Usually you can use the option […]