Experience management software provider Qualtrics has confirmed it is to be acquired by a group of investors including Silver Lake and the Canada Pension Plan Investment Board at a $12.5 billion valuation.
Silver Lake and its co-investors, together with CPP Investments, will acquire 100% of the outstanding shares Silver Lake does not already own, as reported last week, including the entirety of SAP’s majority ownership interest.
Qualtrics will become an independent, privately held company, and will continue to be led by chief executive officer Zig Serafin, operating from its headquarters in Provo, Utah and Seattle, Washington.
