Provo tech company Qualtrics announces $70 million venture capital infusion

In addition to working with hundreds of universities, more than 50 percent of Fortune 500 companies and hundreds of government and nonprofit organizations are Qualtrics clients.

"We're changing the world of business, of education, or government, of non-profit," Scott Smith said.

Gov. Gary Herbert, who spoke at the announcement, congratulated Qualtrics on its record investment, and said he expects the company to continue to grow and create jobs in the state.

"It's pretty much a landmark for us today," Herbert said.

Forbes named Utah the best state in which to do business two years in a row, and Ryan Smith said being in Utah "plays a big role" in Qualtrics' success, saying the state is "employer friendly" and has a lot of talent.

Smith said Qualtrics plans on hiring across all positions, including sales, software engineers and marketing.

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