Acquisition will accelerate Alteryx’s innovation in AI and cloud analytics
Clearlake Capital Group, L.P. (“Clearlake”) and Insight Partners L.P. (“Insight”) today announced that their affiliated funds have completed the acquisition of Alteryx, Inc., a leader in artificial intelligence (AI) for enterprise analytics. The transaction was previously announced on December 18, 2023 and approved by Alteryx stockholders on March 13, 2024.
“We believe the Alteryx AI and cloud analytics platform provides powerful and differentiated solutions that enable customers to gain critical insights from data driven workflows, ultimately leading to meaningful productivity and efficiency gains for these organizations,” said Behdad Eghbali, Co-Founder and Managing Partner of Clearlake and Prashant Mehrotra, Partner and Managing Director at Clearlake. “In partnership with Insight, we are excited to collaborate with the company’s talented employee base and believe that through Clearlake’s O.P.S.® framework and sector expertise, Alteryx will have the resources to accelerate its product innovation and continue to provide valuable solutions to customers.”
“Insight has had a front-row seat to Alteryx’s evolution, and we are thrilled to partner with the company as it continues to lead across AI and analytics markets,” said Deven Parekh and Ryan Hinkle, each a Managing Director at Insight Partners. “With a strong and loyal customer base and an exceptionally talented team, we are confident in Alteryx’s ability to excel in this fast-evolving market landscape to reach its full potential.”
As a result of the completion of the transaction, Alteryx stockholders will receive $48.25 in cash for each share of Alteryx Class A or Class B common stock that they own. Alteryx is now a privately held company and its common stock has ceased trading on the New York Stock Exchange.
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