SAP is acquiring survey software maker Qualtrics for $8 billion
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 statement on 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 enterpris...