Data management specialist Alteryx announced on Jan. 6 that it has signed a definitive agreement to acquire Trifacta, a cloud company that leverages scalable data management and machine learning to make data analysis faster and more intuitive. The acquisition will enable Alteryx to accelerate the development of an integrated end-to-end, low-code/no-code analytics automation platform in the cloud and will be for $400 million in cash.
Alteryx, founded in 1997 and based in Irvine, California, specializes in data management. Its platform, Analytics Process Automation, is designed to automate parts of the process of managing and preparing data before it is visualized and analyzed. Its automation capabilities address all analytics functions (diagnostic, predictive, prescriptive and geospatial analytics), combining code-free data science, machine learning, artificial intelligence and business process automation, and have the advantage of being accessible to everyone in an enterprise.
Founded in 2012, data wrangling specialist, Trifacta supports companies in their analytics transformation and has gained a strong footprint in the Global 2000 and large enterprises. It provides proven, natively scalable and secure cloud data management capabilities for leading cloud deployments including Google Cloud Platform (GCP), Amazon Web Services (AWS) and Microsoft Azure. Alteryx intends to combine its leading low-code/no-code analytics solution with Trifacta’s cloud-native capabilities to provide flexible deployment options – on-premises, hybrid and cloud – to meet enterprise customers’ analytics needs.
The acquisition will accelerate Alteryx’s transition to the cloud and also expand its customer portfolio. Mark Anderson, CEO of Alteryx said:
“Trifacta brings skilled cloud-focused engineering, product and go-to-market teams with decades of experience associated with building and bringing critical cloud-native analytics solutions to market. Together, Trifacta and Alteryx expand our total addressable market with additional opportunities to target new data and cloud transformation initiatives for Global 2000 customers. Together with Trifacta, our combined cloud platform will address the needs of entire enterprises, from data analytics and IT/technology teams to business users.”
For his part, Adam Wilson, CEO of Trifacta, said:
“We are extremely excited to join forces with Alteryx to create the industry’s first independent cloud analytics provider. Together, we have the opportunity to enable thousands of customers worldwide to unlock powerful business insights through the combination of Trifacta’s Data Engineering Cloud and Alteryx’s analytics automation platform.”
Alteryx will acquire Trifacta for $400 million in cash, subject to customary purchase price adjustments. Alteryx will also initiate a $75 million retention pool to be granted in the form of restricted stock units to former Trifacta employees. The transaction is expected to close in the first quarter of 2022 and is subject to customary closing conditions. Until then, each company will continue to operate independently. Goldman Sachs is acting as exclusive financial advisor to Alteryx and JP Morgan is acting as exclusive financial advisor to Trifacta in connection with the transaction. On the legal side, Fenwick & West is advising Alteryx and Gunderson Dettmer is advising Trifacta.
Translated from Alteryx s’offre Trifacta pour la somme de 400 millions de dollars
