Qualtrics Eyes Expansion With $70M Accel, Sequoia Infusion

Law360, New York (May 15, 2012, 7:38 PM EDT) -- Online research software company Qualtrics Inc. landed a $70 million joint investment from private equity firms Accel Partners and Sequoia Capital that will help Qualtrics expand its software-as-a-service offerings beyond market research, according to an announcement Tuesday.

The Utah-based Qualtrics will use the money and unspecified services provided by its private equity backers to hire 250 new employees within the next year as part of its global growth initiative, according to a statement Qualtrics issued Tuesday.

"Qualtrics is the biggest software company you haven't heard of...
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