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What s driving rent increases in Utah County? NIMBYism and Silicon Slopes
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Announcing the Return of Beehive Startups and StartFEST -- Utah s Original and Largest Startup Event
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How Qualtrics’ record stock sale further boosts Utah as an emerging tech titan
The $1.55 billion IPO made the Provo company lots more money and gave Silicon Slopes more bragging points.
(Kim Raff | New York Times file photo)
Ryan Smith, co-founder of the software company Qualtrics, at the company s headquarters on in Provo in 2017.
| Jan. 31, 2021, 1:00 p.m.
Qualtrics International turned Thursday into something huge for Utah, its economy, a growing tech sector and for investors.
It also made history. And lots of money.
The cloud-based software giant, with offices in 25 countries and expert in what it calls “experience management,” began in a Provo basement in 2002. It grew for 10 years without the usual reliance on outside venture capital, built a global customer following, and then got snatched up two years ago for $8 billion in a surprising deal many called way overpriced.