Alteryx to acquire Trifacta
By MYBRANDBOOK
Analytics Automation company Alteryx Inc. recently announced that it will acquire Trifacta for $400 million in cash, subject to customary purchase price adjustments. Until the transaction closes, each company will continue to operate independently.
Alteryx will also establish a retention pool of $75 million to be granted in the form of restricted stock units to the former employees of Trifacta. Goldman Sachs is the exclusive financial advisor to Alteryx and J.P. Morgan is serving as the exclusive financial advisor to Trifacta in connection with the transaction.
Trifacta offers cloud-first capabilities to help enterprises drive their analytics transformation. This acquisition will secure and accelerate Alteryx’s journey to the cloud and open new categories of buyers across IT within large enterprises.
Trifacta provides proven, scalable cloud data management capabilities natively and securely for major cloud deployments, including Google Cloud Platform (GCP), Amazon Web Services (AWS) and Microsoft Azure.
Alteryx plans to combine its leading low code/no code analytics solution with Trifacta’s cloud native capabilities to offer flexible deployment options- on-premises, hybrid and cloud - to meet enterprise customers’ analytics needs.
Adam Wilson, CEO of Trifacta, said, “We’re incredibly excited to join forces with Alteryx to create the industry’s leading independent cloud analytics provider. Together, we have the opportunity to enable thousands of customers globally to unlock powerful business insights with the combination of Trifacta's Data Engineering Cloud and Alteryx’s Analytics Automation platform.”
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