Brothers sell their startup to SAP for $8 bn, become billionaires
Two brothers who began their technology startup Qualtrics in the basement of their parents' house in America, Ryan and Jared Smith, have become billionaires after selling their startup to SAP for $8 billion. Backed by Accel and Sequoia, Qualtrics was last valued at $2.5 billion. Founded in 2002, Qualtrics makes customer-survey software used by companies like Microsoft and General Electric.