SAP has acquired Qualtrics for $8 billion just days before the cloud unicorn's much-anticipated IPO. : Qualtrics CEO Ryan Smith is joining SAP in an $8 billion acquisition just before an anticipated IPO.Tim Pannell for Forbes Utah-founded cloud unicorn Qualtrics was set to have one of tech's most hotly-anticipated initial public offerings this week. Then SAP swooped in. The German-based tech giant announced on Sunday night that it's acquiring Qualtrics for $8 billion in an all-cash deal.