Silver Lake and CPP Investments, Canada's largest pension fund, are set to acquire software company Qualtrics for $12.5B.

 

Silver Lake and CPP Investments, Canada's largest pension fund, are set to acquire software company Qualtrics for $12.5B.   SAP was previously the company's largest shareholder. Qualtrics provides enterprise software tools that help companies improve their customer experience and customer support. The platform has over 18,000 customers and $1.4B in revenue. Qualtrics was previously owned by German software giant SAP. The latter stated that the new leadership has the experience to extend Qualric's lead in its vertical. The company has 28 offices globally, while it is headquartered in Seattle. This funding was structured in both equity and debt.