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July 29, 2021, 10:55 p.m. EDT

Qualtrics to buy AI-driven company for $1.13 billion

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By Robert Barba

Experience management provider Qualtrics International Inc. /zigman2/quotes/224172508/composite XM -2.05% said it has agreed to buy a company that helps businesses understand customer feedback for roughly $1.13 billion in stock.

Deal target Clarabridge uses artificial intelligence to collect and analyze what customers are saying on social media, emails, support calls, chats and product reviews, Qualtrics said in a Thursday release. Those tools add to Qualtrics’s existing play that helps companies engage with its customers and employees.

On a per-share basis, the deal is valued at $37.33. Shares of Qualtrics closed Thursday at $39.52 each. Qualtrics, a spinoff of SAP SE /zigman2/quotes/207905606/composite SAP -0.06% , went public in January at $30 a share.

/zigman2/quotes/224172508/composite
US : U.S.: Nasdaq
$ 45.84
-0.96 -2.05%
Volume: 783,594
Sept. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$24.08 billion
Rev. per Employee
$220,990
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/zigman2/quotes/207905606/composite
US : U.S.: NYSE
$ 142.50
-0.09 -0.06%
Volume: 360,939
Sept. 27, 2021 4:00p
P/E Ratio
24.09
Dividend Yield
2.02%
Market Cap
$167.52 billion
Rev. per Employee
$304,253
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