2 min Applications

‘Alteryx in dire straits, considering a sale’

‘Alteryx in dire straits, considering a sale’

Data company Alteryx is reportedly putting itself in the shop window for a takeover, Reuters sources say. The reason would be a difficult period.

Competition with the data science and analytics capabilities of major players such as Microsoft and Oracle make it difficult for Alteryx to gain a good market position. In addition, there are setbacks surrounding new products.

As a result, Alteryx’s share value has dropped significantly over the past 12 months. According to experts, Alteryx’s overarching value now stands at about 2.3 billion euros ($2.5 billion). This makes the company an interesting option for a takeover.

Een diagram dat de verschillende onderdelen van het systeem van een medewerker laat zien.

Takeover by private investors

This takeover is now apparently being actively explored by Alteryx, writes Reuters. It has engaged the investment bank Qatalyst Partners to find a potential buyer or buyers.

Among other things, there would be interest from private investment firms. Insight Partners, which already has a significant stake in the company, would not get involved in the possible acquisition because it itself is among the potential buyers.

Not yet a done deal

Current negotiations appear not to have resulted in a lucrative proposal yet that does justice to the market value. Therefore, according to sources, it is still possible that Alteryx may refrain from selling itself to another party.

Also read: Malwarebytes buys privacy specialist Cyrus Labs