Alteryx to be Acquired by Clearlake Capital and Insight Partners in $4.4B Deal

The deal, which includes debt, values Alteryx's equity at around $3.46 billion and is expected to close in the first half of 2024.

Alteryx, a California-based software company specializing in data science and analytics, has agreed to be acquired by private equity firms Clearlake Capital Group and Insight Partners in a deal worth $4.4 billion, including debt.
The deal values Alteryx's equity at around $3.46 billion, a 29.1% premium over the company's closing share price on Friday.
The acquisition is expected to close in the first half of 2024, subject to customary closing conditions and approvals.
Alteryx has over 8,300 companies as its customers, including Coca-Cola, Vodafone, Walmart and Ford.
Dean Stoecker, Alteryx's co-founder and executive chair, who holds about 49% of the company's voting power through dual-class shares, has agreed to support the transaction.