Wednesday , June 16 2021

Software Manufacturers SAP acquires Qualtrics for EUR 7.1 billion NOW

The German software manufacturer SAP takes over the US company Qualtrics for 7.1 billion euros. That is what SAP did in a statement on Sunday evening.

The purchase will be completed in the first half of 2019, SAP reports.

Qualtrics was about to enter the stock market. The company develops software for satisfactory investigations.

"The merger of our companies ensures that we can better respond to the best experience for our customers," says Director of SAP Bill McDermott in the statement. "We are pleased that we have had this opportunity."

Owner and founder of Qualtrics, the Smith family, become directly billionaire through the acquisition, reports the US newspaper Forbes. The family owns 45 percent of the shares and holds approximately 2.6 billion euros in turnover.

Source link