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Alteryx

All articles tagged with #alteryx

business2 years ago•1 min saved

Alteryx to go private in $4.4B deal with Clearlake and Insight Partners

Software firm Alteryx has agreed to be acquired by private-equity firms Clearlake Capital Group and Insight Partners in a $4.4 billion deal, including debt. Alteryx, which provides data analytics services, has faced tough competition from larger rivals and setbacks in winning new business, leading to a decline in its valuation. The acquisition offer represents a premium of 29.1% from Alteryx's last closing share price. The company's co-founder and executive chair, who holds about 49% of the voting power, has entered into a voting agreement to support the transaction.

via Reuters|

#acquisition #alteryx #business

business2 years ago•10 min saved

Alteryx to be Acquired in $4.4 Billion Take-Private Deal

Analytics Cloud Platform company Alteryx has entered into a definitive agreement to be acquired by private equity firms Clearlake Capital Group and Insight Partners for $4.4 billion, including debt. Under the agreement, Alteryx stockholders will receive $48.25 per share in cash, representing a 59% premium to the unaffected closing stock price. The transaction is expected to close in the first half of 2024, subject to customary closing conditions and approvals.

via PR Newswire|

#acquisition #alteryx #business

stock-market2 years ago•1 min saved

"Costco Leads Midday Stock Movers Amidst Economic Data and Earnings Reports"

U.S. stock indexes rose on Friday as investors remained optimistic about potential interest rate cuts by the Federal Reserve in the coming year. Costco's stock surged after the company's quarterly results exceeded expectations, prompting the retailer to announce a special dividend. Darden, the owner of Red Lobster, saw its stock fall after providing full-year guidance below expectations. Intel's stock rose after being upgraded by BofA Securities, and Alteryx's stock also gained after Piper Sandler upgraded its stance on the analytics automation firm. Additionally, Boeing's stock climbed further, and Broadcom's stock saw an increase following positive earnings and a raised price target.

via Investing.com|

#alteryx #boeing #costco

business2 years ago•2 min saved

Insight and Clearlake Near $5 Billion Deal for Alteryx

Insight Partners and Clearlake Capital Group, along with other private equity firms, are in advanced talks to acquire data analytics software company Alteryx for around $5 billion, including debt. The deal would offer a premium of more than 65% to Alteryx's share price before it was reported to be exploring a sale. Alteryx has faced competition from larger rivals and challenges in winning new business, leading to a suppressed valuation. The negotiations are ongoing, and it is uncertain if Alteryx's co-founder and Executive Chair will roll some of his stake in the deal.

via Reuters|

#alteryx #business #clearlake-capital-group

business2 years ago•1 min saved

"Nikola and Alteryx: Today's Top Stock Movers on NASDAQ"

Stock futures edged higher as investors await the Federal Reserve's upcoming policy decision. Nikola's stock rose over 6% after announcing the addition of ITD Industries to its Canadian dealer network. Alteryx saw a 5% increase after Morgan Stanley upgraded its stock recommendation, citing undervalued growth potential. Analysts predict a stabilization of new business for Alteryx due to future budget increases and a stronger cloud portfolio.

via Seeking Alpha|

#alteryx #business #electric-vehicles