Friday, November 9, 2012

Qualtrics Pledges To Hire 1,100 in Utah

Venture backed enterprise data collection firm Qualtrics says it plans to hire 1,100 jobs over the next seven years, in exchange for a tax credit from the State of Utah. According to a report from the Salt Lake Tribuen, the Provo company will gain a $10.8M, post-performance tax credit if it meets those goals. The company currently has 250 employees. The company told the Tribune the tax credits will help ensure it will stay in Utah as it grows. Qualtrics is venture backed by Accel Partners and Sequoia Capital, and raised a huge, $70M funding round earlier this year.