print version

Jones Waldo Attorneys Handle $70 million Venture Capital Deal from Provo Company

05/18/2012

Ronald S. Poelman and several other attorneys in the Business Department of Jones Waldo closed a major financing deal for client Qualtrics last month.

The deal--the largest first-round financing deal in Utah history-- generated $70 million in equity capital for Qualtrics which is a high-tech company in Provo specializing in data-collection software.

Jones Waldo attorneys negotiated the deal between Qualtrics and two prominent Silicon Valley venture capital firms. Qualtrics will use the funding to expand its current office space and hire 250 additional employees.

The deal was reported in the May 15 issue of Forbes.

For the full Forbes article, click here.

The Desert News in Salt Lake City also covered the deal and that article can be read here.