Data analytics firm Alteryx agrees to $4.4B buyout deal

Alteryx, a outstanding participant within the knowledge analytics sector, has introduced its acquisition by private-equity corporations Clearlake Capital Group and Perception Companions. In accordance with Reuters, the deal, together with debt, is valued at roughly $4.4 billion, marking a major shift within the knowledge analytics panorama.

Alteryx, dealing with stiff competitors from {industry} giants like Microsoft (MSFT.O) and Oracle (ORCL.N), has discovered itself beneath strain in latest instances. Challenges in increasing its buyer base and the aggressive market dynamics have led to a suppressed valuation, making it a horny goal for acquisition.

Below the phrases of the settlement, Alteryx stockholders will obtain $48.25 per share in money for every share of Class A or Class B widespread inventory. This valuation pegs the corporate’s fairness at round $3.46 billion, based mostly on Reuters’ calculations. The provide value represents a 29.1% premium over Alteryx’s closing share value final Friday.

Inventory efficiency and market response

Alteryx’s inventory (AYX.N) has seen a major surge of practically 68% since September, following stories of the corporate exploring a sale. Nevertheless, regardless of these positive factors, the inventory is down 5% this yr, underperforming in opposition to the 55% achieve within the S&P 500 Data Expertise Sector Index (.SPLRCT).

Dean Stoecker, the co-founder and government chair of Alteryx, who controls roughly 49% of the corporate’s voting energy via dual-class shares, has agreed to help the transaction.

Since its public market debut in 2017, Alteryx has established a robust buyer base, boasting over 8,300 firms, together with high-profile names like Coca-Cola (KO.N), Vodafone (VOD.L), Walmart (WMT.N), and Ford Motor (F.N). The corporate’s platform is famend for enabling companies to effectively analyze and course of knowledge.

Qatalyst Companions served because the advisor to Alteryx on this transaction. Clearlake and Perception acquired monetary recommendation from Houlihan Lokey, Goldman Sachs, J.P. Morgan Securities, and Morgan Stanley.