![]() ![]() Our agreement with Clearlake and Insight validates the strength of our business and the value of Alteryx’s capabilities and innovation.”ĭean Stoecker, Co-Founder and Executive Chairman of the Alteryx Board of Directors Today, Alteryx stands out as an industry leader with a differentiated platform that scales data democratization in a governed manner. “When we founded Alteryx in 1997, we did so with a vision for the future of data science and analytics. I would like to thank our talented employees, whose hard work and dedication have helped us reach this milestone and will continue to fuel our success.” Both Clearlake and Insight have great respect for our mission, people and technology, and they look forward to helping our company – and in turn our customers and partners – be even more successful. We are excited to partner with Clearlake and Insight for the next stage of Alteryx’s journey. Over the past several years, we’ve executed a comprehensive transformation strategy to enhance our go-to-market capabilities and establish a strong cloud and AI innovation roadmap. Together, we will make investments that matter most to our customers and accelerate our mission of harnessing the power of analytics to enable customers all over the world to transform data into a breakthrough. In addition to delivering significant and certain cash value to our stockholders, this transaction will provide increased working capital and industry expertise, and the flexibility as a private company. “We’re pleased to announce our agreement with Clearlake and Insight. Willkie Farr & Gallagher LLP is serving as legal advisor to Insight. Sidley Austin LLP serves as Clearlake’s legal advisor. LLC are serving as financial advisors to Clearlake and Insight. Morgan Securities LLC, and Morgan Stanley & Co. And Houlihan Lokey, Inc., Goldman Sachs & Co. ![]() Qatalyst Partners is serving as the exclusive financial advisor, and Wilson Sonsini Goodrich & Rosati, Professional Corporation, and Fenwick & West LLP are serving as legal advisors to Alteryx. ![]() Upon completion of the deal, Alteryx’s common stock will no longer be listed on any public stock exchange. The deal, which was approved and recommended by an independent Special Committee of Alteryx’s Board of Directors and then approved by Alteryx’s Board of Directors, is expected to close in the first half of 2024, subject to customary closing conditions and approvals, including approval by Alteryx stockholders and the receipt of required regulatory approvals. The per-share purchase price represents a 59% premium to Alteryx’s unaffected closing stock price on September 5, 2023, the last full trading day before media reports regarding a possible sale transaction. Under the terms of the deal, Alteryx stockholders will receive $48.25 per share in cash for each share of Alteryx Class A or Class B common stock they own. And upon completion of the transaction, Alteryx will become a privately held company. Alteryx To Be Acquired For $4.4 Billion By Clearlake And Insight: DetailsĪlteryx recently announced that it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P., and Insight Partners in a transaction valued at $4.4 billion, including debt. ![]()
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