SAP SE to Acquire Qualtrics International Inc.

WALLDORF, GERMANY / ACCESSWIRE / November 11, 2018 / SAP SE (NYSE: SAP; XETRA: SAP; OTC PINK: SAPGF; SWX: SAP) and Qualtrics International Inc. (Qualtrics) today announced they have entered into a definitive agreement under which SAP SE intends to acquire Qualtrics, the global pioneer of the experience management (XM) software category that enables organizations to thrive in today’s experience economy. Qualtrics’ XM Platform collects feedback and data across the four vital areas of a business – customers, employees, product, and brand – that are essential in a world where companies succeed or fail based on the experiences they deliver.

Under the terms of the agreement, SAP will acquire all outstanding shares of Qualtrics for US$8 billion in cash. SAP has secured financing in the amount of EUR7 billion to cover purchase price and acquisition-related costs. The purchase price includes unvested employee incentive compensation and cash on the balance sheet at close. Subject to customary closing conditions and attainment of regulatory clearances, the acquisition is expected to close in the first half of 2019. The Boards of Directors of SAP and Qualtrics have approved the transaction. Qualtrics’ shareholders have also approved the transaction.

Qualtrics expects full year 2018 revenue to exceed US$400 million and projects a forward growth rate of greater than 40%, not including potential synergies of being part of SAP.

Following the closing of the transaction, Qualtrics is expected to maintain its leadership, personnel, branding and culture, operating as an entity within SAP’s Cloud Business Group. Ryan Smith will continue to lead Qualtrics, and Qualtrics is expected to continue to maintain dual headquarters in Provo, Utah, and Seattle, Washington.

Contact:

Stefan Gruber, Head of Investor Relations, SAP SE, +49 6227 7-44872, stefan.gruber@sap.com

Information and Explanation of the Issuer to this News:

SAP and Qualtrics will host a joint conference call for financial analysts and investors on November 12, 2018 at 7 a.m. CET (1 a.m. ET November 12, 10 p.m. PT November 11) regarding this transaction. The call will be available to international callers at +44 330 336 9411, to U.S. callers at +1-929-477-0402, conference code: 965 66 37, and via webcast at https://broadcast.co.sap.com/go/investor. A replay will be provided later on http://www.sap.com/investor.

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SOURCE: SAP SE

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