As part of a binding agreement to buy the experience management platform entered into by Silver Lake, a technology investment firm, and Canada Pension Plan Investments, global software and ERP giant SAP has sold all of its shares in Qualtrics.
Previously, SAP held a majority stake in Qualtrics. Qualtrics was valued at USD 12.5 billion in the all-cash agreement. Online survey software is what Qualtrics describes itself as. Real-time measurements of employee and customer engagement are made using AI.
It asserts that it will enhance product design, team performance, and customer experience.
Read More: SAP gives up its stake in Qualtrics