SAP to float Qualtrics, partly unwinding US$8 billion buy


The move to float Qualtrics in the United States would partly unwind the final major acquisition of former Chief Executive Bill McDermott's tenure and rebalance SAP back towards its German roots under successor Christian Klein.

BERLIN: Business software group SAP said on Sunday it planned to float Qualtrics, the U.S. specialist in measuring online customer sentiment, which it acquired in late 2018 for US$8 billion.

The move to float Qualtrics in the United States would partly unwind the final major acquisition of former Chief Executive Bill McDermott's tenure and rebalance SAP back towards its German roots under successor Christian Klein.

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