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Qualtrics makes a small acquisition — its first

TechCrunch TechCrunch 26/05/2016 Connie Loizos

Qualtrics, a Provo, Utah, company whose online survey research platforms help 8,5000 enterprise customers better understand both their employees and their customers, has made its first acquisition, picking up four-year-old, Seattle-based Statwing.

Terms of the deal aren’t being disclosed, but Statwing’s three-person team is relocating and will be absorbed into Qualtrics.

Statwing makes web-based statistical analysis software. The plan now is to integrate it into the Qualtrics Insight Platform, where its technology will ostensibly make statistical analysis faster and easier for Qualtrics’s customers.

Statwing had raised an undisclosed amount of money from Y Combinator and angel investors, including Cloudera founder Jeff Hammerbacher, Slicehost founder Jason Seats, and IndexTank founder Diego Basch.

Qualtrics has raised $220 million across two rounds of funding. Its most recent round, which closed in September 2014, was a $150 million Series B financing that included Insight Venture Partners and earlier backers Accel Partners and Sequoia Capital. In 2012, the company had closed a $70 million Series A round co-led by Accel and Sequoia. Qualtrics was bootstrapped for its first 10 years.

Pictured: Qualtrics CEO Ryan Smith

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