Monday, April 1, 2013

Qualtrics Turns Down $500M Acquisition Offer

Provo, Utah-based Qualtrics has turned down a $500M acquisition offer, according to CEO Ryan Smith. In a segment on CNBC, Smith said that the firm turned down an acquisition offer of $500M, and that it expects it might receive other similar offers in the future, due to its execution in the market. Qualtrics is venture backed by Sequoia and Accel Partners, and raised a stunning large funding round worth $70M in May of 2012. Smith did not say where it received the offer from. The firm