TECH - Data Analytics Software Firm Alteryx In Privatization Talks Amid Intense Competition Valuation Challenges | Benzinga
A private equity consortium comprising Insight Partners and Clearlake Capital Group is currently engaged in advanced negotiations to take the data analytics software company Alteryx Inc (NYSE: AYX) private for roughly $5 billion, including debt, Reuters reports.
This move follows Alteryx facing intense competition from tech giants like Microsoft Corp (NASDAQ: MSFT) and Oracle Corp (NYSE: ORCL), coupled with challenges in securing new business, resulting in a depreciation of its valuation and positioning it as an acquisition target.
Citing the sources, Reuters highlighted that Insight and ...