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SAP SE, DE0007164600

SAP SE, DE0007164600

26.07.2020 - 23:06:03

SAP SE: SAP Announces Intent to Take Qualtrics Public

WALLDORF, Germany - July 26, 2020 - SAP SE (NYSE: SAP) today announced its intent to take Qualtrics public through an initial public offering (IPO) in the United States. SAP's primary objective for the IPO is to fortify Qualtrics' ability to capture its full market potential within Experience Management. This will help to increase Qualtrics' autonomy and enable it to expand its footprint both within SAP's customer base and beyond.

Qualtrics, which is part of SAP's cloud portfolio, has operated with greater autonomy than other companies SAP had previously acquired. The founder Ryan Smith and the current management team of Qualtrics will continue to operate the company.

SAP currently owns 100% of Qualtrics shares. SAP will retain majority ownership of Qualtrics and has no intention of spinning off or otherwise divesting its majority ownership interest. Ryan Smith intends to be Qualtrics' largest individual shareholder.

A final decision on the IPO and its conditions and timing is pending and subject to market conditions.

Since SAP, as majority shareholder, will continue to fully consolidate Qualtrics, the transaction is not expected to have an impact on SAP's 2020 or longer-term financial targets.

Contact: Stefan Gruber Head of Investor Relations Phone: +49 6227 7-44872 Email: investor@sap.com

Information and Explanation of the Issuer to this News:

Qualtrics is the market leader and creator of the Experience Management (XM) category, a large, fast growing and rapidly evolving market.  

'SAP's acquisition of Qualtrics has been a great success and has outperformed our expectations with 2019 cloud growth in excess of 40%, demonstrating very strong performance in the current setup,' SAP CEO Christian Klein said. 'As Ryan Smith, Zig Serafin and I worked together, we decided that an IPO would provide the greatest opportunity for Qualtrics to grow the experience management category, serve its customers, explore its own acquisition strategy, and continue building the best talent. SAP will remain Qualtrics' largest and most important go-to-market and research and development (R&D) partner while giving Qualtrics greater independence to broaden its base by partnering and building out the entire experience management ecosystem.'

'When we launched the Experience Management category, our goal was always to help as many organizations as possible leverage the XM Platform as a system of action,' Qualtrics founder Ryan Smith said. 'SAP is an incredible partner with unprecedented global reach, and we couldn't be more excited about continuing the partnership. This will allow us to continue building out the XM ecosystem across a broad array of partners.'

SAP agreed to acquire Qualtrics just four days before Qualtrics was to go public in 2018, recognizing the potential of bringing together experience and operational data (X+O) to help organizations take action. 

SAP is fully committed to Experience Management and the Qualtrics XM Platform(TM) as a key element of its Intelligent Enterprise Strategy. SAP will remain Qualtrics' closest and most important co-innovation and go-to-market partner.

About SAP SAP's strategy is to help every business run as an intelligent enterprise. As the market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world's transaction revenue touches an SAP(R) system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want - without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com. # # # This press release does not constitute an offer of any securities for sale. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,' 'predict,' 'should' and 'will' and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ('SEC'), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. (c) 2020 SAP SE. All rights reserved. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.  

26-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: SAP SE Dietmar-Hopp-Allee 16 69190 Walldorf

Germany Phone: +49 (0)6227 - 74 74 74 Fax: +49 (0)6227 - 75 75 75 E-mail: investor@sap.com Internet: www.sap.com ISIN: DE0007164600 WKN: 716460 Indices: DAX, TecDAX Listed: Regulated Market in Berlin, Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange; NYSE EQS News ID: 1101939   End of Announcement DGAP News Service

1101939  26-Jul-2020 CET/CEST

@ dgap.de