Silver Lake, others buy Qualtrics for $12.5 bn

Silver Lake, in partnership with Canada Pension Plan Investment Board (CPP Investments), has completed the acquisition of Qualtrics, a developer of experience management (XM) software, from SAP and other investors.
VC funding for techThe deal values Qualtrics at $12.5 billion.

Accel, a venture capital firm, as well as BDT & MSD Partners, a merchant bank; and DFO Management, the family investment office of Michael Dell, have joined Silver Lake in investing in Qualtrics.

Accel, which was one of Qualtrics’ earliest investors, has invested $500 million. BDT & MSD Partners and DFO Management have each made a co-investment of $250 million, for an aggregate commitment of $500 million.