Qualtrics has delivered cloud growth to SAP, but the company's acquisition happened under previous leader Bill McDermott, who is now CEO of ServiceNow.
SAP will be Qualtrics' biggest shareholder and doesn't intend to spin off the holding, according to the statement. The two companies will continue to work together after the initial public offering, SAP said. Qualtrics' leaders, including Founder Ryan Smith, will continue to run Qualtrics.
"We believe that many SAP investors do not fully understand Qualtrics or its vision for the future and this would probably help at least as it relates to better understanding its value," Mark Moerdler and Firoz Valliji of Bernstein Research, who have the equivalent of a buy rating on SAP stock, wrote in a note distributed to clients on Sunday.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SAP Plans To Spin Out Qualtrics, Its $8 Billion Acquisition From 2018, For An IPOTwenty months after SAP swooped in and acquired Qualtrics for $8 billion as it was on the cusp of an IPO, the experience management software company may be going public after all.
Weiterlesen »
SAP to spin off its Qualtrics unit through IPOSAP SE undefined announced Sunday it plans to take its Qualtrics cloud-software business public through an initial public offering. SAP bought Qualtrics...
Weiterlesen »
SAP Plans To Spin Out Qualtrics, Its $8 Billion Acquisition From 2018, For An IPOTwenty months after SAP swooped in and acquired Qualtrics for $8 billion as it was on the cusp of an IPO, the experience management software company may be going public after all.
Weiterlesen »
SAP plans Qualtrics IPO, two years after $8 billion acquisition. - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
SAP BrandVoice: How Intelligent Enterprises Outperform The CompetitionReal digital transformation is about becoming an intelligent enterprise, where companies turn insights into action, anticipating and responding to customer demands at any time.
Weiterlesen »
SAP to spin off its Qualtrics unit through IPOSAP SE undefined announced Sunday it plans to take its Qualtrics cloud-software business public through an initial public offering. SAP bought Qualtrics...
Weiterlesen »