Why SAP CEO Bill McDermott signs his emails ‘XO, Bill’ since buying Utah startup Qualtrics for $8 billion cash

“Four months ago, SAP shocked the software world by buying Utah-based market research software company Qualtrics for $8 billion in cash” writes Julie Bort for McDermott, who rose to the corner office of Europe’s biggest software company from a career as a salesman, was ready to explain.The “O” stands for operational data, the stuff SAP has traditionally collected like finances, inventory, sales and human resources information.McDermott didn’t discuss the layoffs much with Business Insider, except to say that the company is adding employees this year.

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