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Experience direction visitor

Qualtrics International Inc.
Type Public

Traded as
  • Nasdaq: XM
Industry Feel management
Founded 2002; 20 years agone  (2002)
Founders Scott M. Smith
Ryan Smith
Jared Smith
Stuart Orgill
Headquarters Provo, Utah
Seattle, Washington

Key people

 Ryan Smith (executive chairman)[1]
Zig Serafin (CEO)
Chris Beckstead (president)
Products Qualtrics XM Platform, Pattern XM, Customer XM, Employee XM, Product XM, Brand XN, XM Services
Revenue Increase U.s.a.$1.076 Billion (2021)[2]
Owner SAP (82.8%)[3]

Number of employees

 5,000
Website Qualtrics.com

Qualtrics is an American experience direction visitor, with co-headquarters in Seattle, Washington, and Provo, Utah, in the United States. The visitor was founded in 2002 by Scott M. Smith, Ryan Smith, Jared Smith, and Stuart Orgill.[four]

Qualtrics offers a cloud-based subscription software platform for feel management,[five] which information technology launched in March 2017.[6]

On November 11, 2018, it was announced that Qualtrics would be acquired by SAP for U.s.a.$8 billion.[seven] The acquisition was completed on January 23, 2019.[8] On July 26, 2020, SAP announced its intent to take Qualtrics public,[9] and on January 28, 2021, Qualtrics began trading on the Nasdaq.[10]

On January xi, 2021, technical trade media noted that Brad Anderson, a high level executive of Microsoft, was leaving for Qualtrics.[xi]

History [edit]

Funding and valuation [edit]

In 2012, the company received a $lxx million Series A investment from Sequoia Uppercase and Accel,[12] [thirteen] It was the largest joint investment to engagement by these two firms.[14] In September 2014, the two firms returned in Series B funding, led past Insight Partners worth $150 million, a record for a Utah-based company, and valuing the company at $1 billion.[15]

Filing for IPO [edit]

On October 19, 2018, Qualtrics filed their S-ane registration argument with the intention of raising gross proceeds of $200 million through an initial public offering (IPO) of its Class B shares.[16] At the time, the visitor listed nine,000 global customers. The visitor was meant to exist listed on the NASDAQ commutation under the ticker "XM" in reference to their flagship experience direction product, the Qualtrics XM Platform.

Plans for the IPO were scrapped when information technology was announced in November 2018 that Qualtrics would be caused past SAP (NYSE: SAP).

Awards and ranking [edit]

In 2020, Qualtrics earned a 'Leader' designation in Gartner'south Magic Quadrant for Voice of Client,[17] a 'leader' designation in Forrester'south Employee Experience for Enterprise wave,[18] and the top ranking in G2's Feel Management category.[xix] In 2016, Qualtrics was ranked #12 on the Forbes Cloud 100 list,[20] moving to #6 in 2017.[21] In March 2020, Qualtrics' CoreXM platform was named a 2020 gold winner by the Edison Awards in the Applied Technology category.[22] [23]

Revenue [edit]

Qualtrics reported revenue of $190.6 million in 2016 and $289.9 million in 2017 representing year over twelvemonth growth of 52%. In 2016, the firm reported an overall internet loss of $12 1000000 with free cash menses of $iii.4 million. In 2017, it reported a $2.6 one thousand thousand net turn a profit with costless cash catamenia of $21.3 one thousand thousand.[16]

Acquisitions [edit]

In May 2016, Qualtrics acquired statistical analysis startup Statwing for an undisclosed sum. Statwing was a San Francisco-based company that created signal-and-click software for advanced statistical analysis.[24] [25]

In April 2018 the firm caused Delighted for an undisclosed sum. Delighted had more than 1,500 customers at the time of acquisition.[26]

Acquisition past SAP SE [edit]

In November 2018, SAP appear its intent to acquire Qualtrics. SAP acquired all outstanding shares of Qualtrics for United states$viii billion in an all greenbacks deal. SAP secured €7 billion in financing.[27] At the fourth dimension it was announced, the Qualtrics acquisition was SAP's second-biggest purchase ever, behind the $8.3 billion acquisition of travel and expense management firm Concur in 2014.[28] The acquisition was formally closed January 23, 2019.[29]

Initial public offering (IPO) [edit]

On 26 July 2020, SAP announced its intent to accept Qualtrics public through an IPO in the Usa. According to SAP, the determination to go public was made due to Qualtrics' performance since the acquisition, with 2019 deject growth in backlog of 40 percent. SAP's stated intent is to remain the majority shareholder. While acknowledging that the spinoff made financial sense due to market conditions, Patrick Moorhead, founder and main analyst at Moor Insight & Strategy, felt there was likewise a corporate civilization clash. In his view, SAP couldn't notice a way to co-be with the younger, more nimble Qualtrics.[30] [31] On January 28, 2021, Qualtrics began trading on the Nasdaq at $41.85 per share.[10] Subsequently reaching an intraday high a week later above $57, the stock settled into a trading range from approximately $30 to $40 for the remainder of the first half of 2021.

Experience management [edit]

Qualtrics launched its feel management platform in March 2017. Experience direction is the exercise of designing and improving products, services, and experiences for businesses and other organizations.[32]

Enquiry [edit]

Quantitative statistical assay performed with Qualtrics has been cited in a number of professional person and academic journals.[33] Qualtrics became the first employee management platform measuring employee experiences through fundamental metrics powered by predictive intelligence.[34] Researchers have used it as a survey tool and combine it with SPSS to clarify their survey data on employee experiences and many other types of survey data.

See likewise [edit]

  • Qualtrics Belfry

References [edit]

  1. ^ Scott, Martin (August 27, 2012). "Customer research easier in digital era". The states Today . Retrieved 20 February 2013.
  2. ^ {{Cite web|url=https://www.sec.gov/ix?medico=/Athenaeum/edgar/information/1747748/000162828022004535/xm-20211231.htm
  3. ^ "Qualtrics Marks Stellar Debut Upon Separation From SAP SE". Forbes.
  4. ^ Chapman, Lizette (15 May 2012). "Qualtrics Taps Accel, Sequoia For Kickoff-Ever VC Round". The Wall Street Journal.
  5. ^ "Qualtrics XM - Experience Management Software". Qualtrics . Retrieved 2020-12-28 .
  6. ^ Rogers, Bruce. "Ryan Smith's Qualtrics Capitalizes On The Rise Of The 'Experience Economy'". Forbes . Retrieved 2020-12-28 .
  7. ^ "XO Data Press Release".
  8. ^ "SAP Completes Qualtrics Acquisition". SAP News Center. 2019-01-23. Retrieved 2019-03-07 .
  9. ^ "SAP Announces Intent to Take Qualtrics Public | Qualtrics IPO | SAP News". SAP News Center. 2020-07-26. Retrieved 2020-07-27 .
  10. ^ a b Bursztynsky, Jessica; Levy, Ari (28 Jan 2021). "Qualtrics closes upwardly 51% after debut, valuing cloud software vendor at $27.iii billion". CNBC. Archived from the original on 28 Jan 2021. Retrieved 28 Jan 2021.
  11. ^ Foley, Mary Jo, Corporate Vice President Brad Anderson is leaving Microsoft for Qualtrics, Zdnet, January 11, 2021
  12. ^ "Venture Majuscule Power Rankings: VCs Rate VCs". CB Insights Inquiry. 7 April 2016. Retrieved 17 June 2019.
  13. ^ "The Summit 10 VC Firms, Co-ordinate To InvestorRank". Retrieved 17 June 2019.
  14. ^ Anthony Ha. "Qualtrics Raises $70M From Accel And Sequoia: "The Biggest Software Company Yous Haven't Heard Of"?". TechCrunch. AOL.
  15. ^ Joshua Brustein (24 September 2014). "How Qualtrics Turned Online Surveys Into a $one Billion Business - Businessweek". Businessweek.com.
  16. ^ a b "Qualtrics International INC. FORM S-1 REGISTRATION Argument Under THE SECURITIES ACT OF 1933". U.Due south. Securities and Substitution Commission. October 19, 2018.
  17. ^ Qualtrics. "Qualtrics Named a Leader in Gartner's 2020 Magic Quadrant for Voice of the Customer". www.prnewswire.com . Retrieved 2020-12-28 .
  18. ^ Mitchell (CMO), Vanessa; xix March, 2020 13:30. "Report: Forrester names employee experience leaders". www.cmo.com.au . Retrieved 2020-12-28 . {{cite web}}: CS1 maint: numeric names: authors list (link)
  19. ^ "G2: Best Experience Management Software". 28 December 2020.
  20. ^ "Forbes Deject 100". Forbes . Retrieved 29 October 2016.
  21. ^ "Qualtrics on the Forbes Cloud 100 List". Forbes . Retrieved 2018-03-21 .
  22. ^ "Qualtrics Wins 2020 Edison Award for Its Industry-Leading CoreXM Solution". SalesTech Star. 2020-03-31. Retrieved 2020-04-17 .
  23. ^ "The Game Irresolute 2020 Edison Award Concluding Winner Proclamation". News Pause . Retrieved 2020-04-17 .
  24. ^ "Daily Research News Online no. 22721 - Qualtrics Buys Software Business firm Statwing". www.mrweb.com . Retrieved 2016-06-29 .
  25. ^ "Qualtrics Acquires Y Combinator-Funded Startup Statwing, Making Data Science Piece of cake for Anyone". Yahoo Finance. Archived from the original on 25 June 2016.
  26. ^ "Qualtrics Inches Closer To IPO By Acquiring The Startup Backside Ratings For Postmates And Uber". world wide web.forbes.com . Retrieved 2018-04-12 .
  27. ^ "SAP SE to Larn Qualtrics International Inc., Sees Feel Management every bit the Futurity of Business - XOdata.com". XOdata.com. 2018-xi-11. Retrieved 2018-11-12 .
  28. ^ Sherman, Alex (2018-11-11). "SAP is acquiring survey software maker Qualtrics for $8 billion". CNBC . Retrieved 2018-11-12 .
  29. ^ "SAP Completes Qualtrics Acquisition". SAP News Center. 2019-01-23. Retrieved 2019-06-04 .
  30. ^ "SAP Announces Intent to Take Qualtrics Public | Qualtrics IPO | SAP News". SAP News Heart. July 26, 2020.
  31. ^ "SAP decision to spin out Qualtrics 20 months subsequently spending $8B surprises industry watchers". TechCrunch . Retrieved 2020-12-04 .
  32. ^ "Qualtrics Customers | Trusted by +eleven,000 Leading Brands". Qualtrics . Retrieved 2020-12-28 .
  33. ^ Albaum, K. S., & Smith, Due south. K. (2006). Handbook of Marketing Research. London, U.k.: Sage Publications. byu.edu (PDF)
    Strutz, M. L. (2008). A Retrospective Study of Skills, Traits, Influences, and School Experiences of Talented Engineers. ASEE North Central Section Conference ilin.asee.org (PDF)
    University of Northward Carolina at Chapel Loma, Carolina Population Center (CPC), Measure Evaluation, September 2007, (57) p. (SR-07-39| USAID Cooperative Understanding No. GPO-A-00-03-00003-00), db.jhuccp.org [ permanent dead link ]
    Brunson, Thousand. Westward. (2008). Electronic Textbooks: An Empirical Study of Adoption Potential. The Liberty Business Review VI.1, 44–55, works.bepress.com
    (Winter 2007–2008). Periodical of New Communications Inquiry, 100, books.google.com
    Zikmund, William Thousand.; Babin, Barry J. (2009-04-20). Essentials of Marketing Research (with Qualtrics Carte du jour) 4th Edition. ISBN978-1439047545.
    Zikmund, William G.; Babin, Barry J.; Jon C. Carr, Jon C.; Griffin Business Research Methods, Mitch (March 12, 2012). Business Research Methods (with Qualtrics Printed Access Bill of fare) 9th Edition. Southward-Western College Pub. ISBN978-1111826925.
    Feinberg, Fred Thou.; Kinnear, Thomas; Taylor, James R. (February 28, 2012). Modernistic Marketing Research: Concepts, Methods, and Cases (with Qualtrics Printed Access Menu) 2nd Edition. South-Western Higher Pub. ISBN978-1133188964.
    Churchill, Gilbert A.; Brown, Tom J.; Suter, Tracy A. (April 22, 2009). Bones Marketing Inquiry 7th Edition. South-Western College Pub. ISBN978-1439041390.
    Iacobucci, Dawn; Churchill, Gilbert A. (October twenty, 2009). Marketing Research: Methodological Foundations (with Qualtrics Card) 10th Edition. South-Western Higher Pub; 10 edition. ISBN978-1439081013.
    Malhotra, Naresh Thousand. (September 18, 2008). Bones Marketing Research & Qualtrics Pkg / Edition three. Prentice Hall. ISBN9780137155934.
    Sue, V. Grand., & Ritter, L. A. (2007). Conducting Online Surveys. Us of America: Sage Publications. {{cite book}}: CS1 maint: multiple names: authors listing (link)
  34. ^ GmbH, finanzen net. "Qualtrics Simplifies Closing the Employee Experience Gap With Powerful New Methodology - Markets Insider". markets.businessinsider.com . Retrieved 17 June 2019.

External links [edit]

  • Business data for Qualtrics:
    • Google Finance
    • Yahoo! Finance
    • Bloomberg
    • Reuters
    • SEC filings

pattoncombehe.blogspot.com

Source: https://en.wikipedia.org/wiki/Qualtrics

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