Alteryx

Last updated
Alteryx, Inc.
Formerly
  • SRC, LLC (1997–2010)
  • Alteryx, LLC (2010–2011)
Company type
NYSE: AYX (2017–2024)
Industry Computer software
FoundedMarch 1997;28 years ago (1997-03) (as SRC, LLC)
Founders
Headquarters Irvine, California, United States
Area served
Worldwide
Key people
  • Andy MacMillan (CEO)
RevenueIncrease2.svg US$970 million (2023)
Increase Negative.svgUS$−165 million (2023)
Increase Negative.svgUS$−179 million (2023)
Total assets Increase2.svgUS$1.91 billion (2023)
Total equity Increase2.svgUS$190 million (2023)
Owner
Number of employees
2,300 (2023)
Website alteryx.com
Footnotes /references
[1]

Alteryx, Inc. is an American computer software company founded in 1997 by Dean Stoecker. It is based in Irvine, California and develops products using data science and analytics. [2] [3] [1] It was acquired by private equity companies in December 2023.

Contents

History

SRC LLC, the predecessor to Alteryx, was founded in 1997 by Dean Stoecker, Olivia Duane Adams and Ned Harding. [4]

In 2000, SRC LLC entered into a contract with the U.S. Census Bureau that resulted in a modified version of its Allocate software being included on CD-ROMs of Census Data sold by the Bureau. [5] [6]

In 2006, the software product Alteryx was released, which was a unified spatial and non-spatial data environment for building analytical processes and applications. [7]

In 2010, SRC LLC changed its name to that of its core product, Alteryx. [8]

In 2011, Alteryx raised $6 million in venture funding from the Palo Alto investment arm of SAP AG, SAP Ventures. [4] In 2013, Alteryx raised $12 million from SAP Ventures and Toba Capital. [9] [10] In 2014, the company raised $60 million in Round B funding [2] [3] from Insight Venture Partners, Sapphire Ventures (formerly SAP Ventures) and Toba Capital. [11]

In 2015, ICONIQ Capital led an $85 million investment in Alteryx, with Insight Venture Partners and Meritech Capital Partners also participating. [12] [13] [14]

On March 24, 2017, Alteryx went public in an IPO listed on the NYSE. [15] At the time, Alteryx's core service was to assemble information from Experian and public sources like the U.S. Census Bureau to create their product which sold for $39,000 per license. [16]

In October, it was discovered that Alteryx was subject to a data breach of 248 fields of partially anonymized data records for approximately 120 million U.S. households. [17] Also included was "consumer demographics, life event, direct response, property, and mortgage information for more than 235 million consumers" according to the company. [18] Alteryx's hosting on Amazon Web Services had been unsecured (its sources had no breach). [16]

In October 2020, Alteryx announced Mark Anderson as CEO, with Stoecker becoming Executive Chairman of the Board of Directors. [19]

In December 2023, it was announced that two private equity firms, Clearlake Capital and Insight Partners, would acquire the company in a US$4.4 billion deal, intending to make it private. [20] [21] [22] On March 19, 2024, the transaction was completed. [23]

Acquisitions

In January 2017, Alteryx acquired Prague-based software company Semanta. Alteryx Connect is an outgrowth of the Semanta acquisition. [24]

In April 2019, Alteryx acquired ClearStory Data for $19.6 million in cash. [25]

In October 2019, Alteryx acquired Feature Labs, a machine learning startup known for developing Featuretools, an open source library for automated feature engineering with over 350,000 downloads at the time of acquisition. The acquisition added an engineering hub for Alteryx in Boston, Massachusetts. [26]

In October 2021, Alteryx acquired Lore IO, a no-code AI-enabled data modeling platform. [27] That same month, Alteryx acquired Hyper Anna, a cloud platform for generating AI-driven automated insights from data. [28]

In January 2022, Alteryx acquired Trifacta for $400 million in cash, with the deal closing the following month. [29] In March 2022, Alteryx announced its Analytics Cloud Platform, which it updated to integrate Designer Cloud powered by Trifacta. [30]

References

  1. 1 2 "US SEC: Form 10-K Alteryx, Inc". U.S. Securities and Exchange Commission. February 6, 2024.
  2. 1 2 Clancy, Heather (6 October 2014). "Another day, another $60 million analytics funding round". Fortune.
  3. 1 2 Wallace, Alicia (7 October 2014). "Boulder's Alteryx Inc. raises $60 million". Daily Camera.
  4. 1 2 Brown, Steven (5 April 2011). "SAP Ventures invests $6M in Alteryx Inc". San Francisco Business Times.
  5. ↑ Norman, Jan (17 July 2001). "Census deal for O.C. firm". The Orange County Register.
  6. ↑ "SRC organizing census data". Daily Camera. 5 July 2001.
  7. ↑ "SRC Corporate Overview" (PDF) (Press release). Archived from the original (PDF) on 2014-10-24. Retrieved 2014-10-16.
  8. ↑ "US SEC: Form 10-K Alteryx, Inc" (PDF). U.S. Securities and Exchange Commission . Retrieved March 5, 2022.
  9. ↑ Casacchia, Chris (18 May 2013). "Toba in $12M Round for Big Data Analytics Firm". Orange County Business Journal.
  10. ↑ "Alteryx Raises $12M For Data Analytics Platform That Shapes Data Into Apps". TechCrunch. 20 May 2013.
  11. ↑ Lindenstein, Joshua (6 October 2014). "Alteryx Inc. nets $60 million in funding". BizWest.
  12. ↑ Miller, Ron (2015-10-28). "Alteryx Scores $85 Million As Growth Spurt Continues". TechCrunch. Retrieved 2023-04-01.
  13. ↑ Picker, Leslie (2015-10-28). "Iconiq Capital Leads $85 Million Investment in Alteryx". The New York Times. ISSN   0362-4331 . Retrieved 2015-10-28.
  14. ↑ Williams, Lauren (2015-10-28). "Data firm Alteryx secures $85M investment, could make "unicorn" list". Orange County Register.
  15. ↑ "Alteryx IPO Draws Strong Interest In Hot Data-Analytics Field". Investor's Business Daily. 2017-03-23. Retrieved 2023-04-01.
  16. 1 2 Hackett, Robert (December 22, 2017). "Data Breach Exposes 123 Million U.S. Households". Fortune: Time, Inc. Retrieved December 23, 2017.
  17. ↑ Fox-Brewster, Thomas. "120 Million American Households Exposed In 'Massive' ConsumerView Database Leak". Forbes. Retrieved 2018-12-24.
  18. ↑ Fox-Brewster, Thomas. "120 Million American Households Exposed In 'Massive' ConsumerView Database Leak". Forbes. Retrieved 2018-12-24.
  19. ↑ Avidon, Eric (February 23, 2022). "Alteryx makes personnel changes to navigate cloud journey". TechTarget. Retrieved May 24, 2023.
  20. ↑ "Software firm Alteryx to be taken private in $4.4 bln deal". Reuters. 18 December 2023. Retrieved 21 December 2023.
  21. ↑ "Alteryx to be acquired by private equity firms for $4.4 billion | TechTarget". Business Analytics. Retrieved 2023-12-21.
  22. ↑ "Alteryx, Databricks expand complementary partnership | TechTarget". Business Analytics. Retrieved 2024-02-16.
  23. ↑ "Clearlake Capital Group and Insight Partners Complete Acquisition of Alteryx". MarketScreener. 19 March 2024. Retrieved 2024-03-22.
  24. ↑ "Alteryx's Acquisition of Semanta – Global Legal Chronicle". 18 July 2017. Retrieved 2019-12-15.
  25. ↑ "Alteryx's (AYX) ClearStory Data Buyout Strengthens Portfolio". finance.yahoo.com. 9 April 2019. Retrieved 2019-12-15.
  26. ↑ "Feature Labs launches out of MIT to accelerate the development of machine learning algorithms". TechCrunch. 22 February 2018. Retrieved 2019-12-15.
  27. ↑ Ghosh, Shaoni (October 26, 2021). "Alteryx acquires Lore IO to leverage data access for cloud data". Analytic Steps. Retrieved May 1, 2023.
  28. ↑ Avidon, Eric (October 7, 2021). "Alteryx acquisition of Hyper Anna adds AI capabilities". TechTarget. Retrieved May 1, 2023.
  29. ↑ Baer, Tony (2022-01-07). "Alteryx announces intent to buy Trifacta". ZDNet .
  30. ↑ Avidon, Eric (February 16, 2023). "Alteryx makes Analytics Cloud GA, adds new tools". TechTarget. Retrieved May 4, 2023.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.