Qualtrics Agrees to Buy Press Ganey Forsta in $6.75 Billion Deal

Qualtrics International Inc. agreed to buy health-care survey firm Press Ganey Forsta in a deal valued at $6.75 billion, in the latest private equity-driven acquisition of an enterprise software business.

The US software firm said it plans to acquire the smaller company through a combination of cash equity and hopes to close that deal in months. The Financial Times reported on the talks earlier.

Private equity firms this year have been targeting software companies that invested in AI tools, aiming to cash in on a boom in the technology’s deployment across businesses. Thoma Bravo announced its biggest-ever acquisition in August, ...