Tuesday, 2 January 2024

Clearlake and Insight to Acquire Alteryx for $4.4bn

Clearlake Capital Group LP with Insight Partners (co-founded by Colorado-based Twitter investor Jerry Murdock) have agreed to acquire Irvine, CA-based Alteryx (NYSE:AYX), a cloud analytics platform company, in a $4.4bn definitive agreement. Regulatory and stockholder approvals are required.  Alteryx will then become a privately held portfolio company of Clearlake and Insight.

Competitors of Alteryx include Tableau, DataDog and even Microsoft Power BI

DataDog has more of a niche around cloud infrastructure metrics and supports AWS, Azure, GCP, RedHat OpenShift and VMWare amongst others and raised substantial capital in a Series D funding round led by ICONIQ Capital.

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