"SAP SE has agreed to purchase Qualtrics International Inc. for $8 billion in cash, the companies announced Sunday.
Qualtrics, a Utah-based software company, had filed for an initial public offering in October hoping to raise about $200 million.
In a statement, Qualtrics CEO Ryan Smith said “SAP will help us scale faster and achieve our mission on a broader stage. This will put the XM Platform everywhere overnight.” The XM Platform is Qualtrics’ experience-management software for feedback and data analysis.
Smith will continue to lead Qualtrics, and the company said it expects full-year 2018 revenue to exceed $400 million." :