Qualtrics: Venture Investment Helps Double Client Base
Provo, Utah-based Qualtrics, the developer of enterprise survey software, said that it has doubled its client base, thanks to the $70M investment it received from Accel Partners and Sequoia Capital last year. The startup--which is led by Ryan Smith--said the growth came mostly from enterprises with over $100M in annual revenues. The investment last year was the largest funding in the region in 2012. Qualtrics reportedly turned down a $500M acquisition offer earlier this year. Qualtrics develops survey software used by companies to collect information on their customers, across mobile, online, social, and other channels.
posted on Friday, November 15, 2013
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