Looks like the 2018 season of acquisitions and consolidation in continuing. Earlier IBM had bought out Red Hat to enter the lucrative programming space and now the global ERP leader SAP is willing to shell out a whopping $8 billion for a survey company. SAP on Sunday announced its $8 billion acquisition of survey software company Qualtrics. It’s an astounding price for a company with annual revenues just shy of $300 million. In Qualtrics, though, SAP is adding to its arsenal of applications makers built primarily to deliver their wares online, compared with the old-fashioned way of shipping their software in packages. Like rival Oracle, SAP has been busy using its cash flow to add onto its core business software offering.
Read more about SAP’s acquisition of Qualtrics for a whopping $8 billion in cash on Axios Blog.