July 27 - 12:07
SAP confirms intent to spin out Qualtrics
SAP is to float its experience management platform Qualtrics less than two years after buying the business for $8 billion. SAP said that Qualtrics has operated with greater autonomy than other companies it has previously acquired, and that its founder and current management team of will continue to operate the company. SAP will remain as Qualtric's largest shareholder after any IPO.
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