Alteryx

Not to be confused with Arc'teryx.
Alteryx, Inc.
Formerly
  • SRC, LLC (1997–2010)
  • Alteryx, LLC (2010–2011)
Company type
NYSE: AYX (2017–2024)
IndustryComputer software
FoundedMarch 1997; 27 years ago (1997-03) as SRC, LLC
Founders
HeadquartersIrvine, California, United States
Area served
Worldwide
Key people
  • Kevin Rubin (Interim CEO & CFO)
  • Dean Stoecker (Executive Chairman)
  • Paula Hansen (President & CRO)
RevenueIncrease US$970 million (2023)
Negative increase US$−165 million (2023)
Negative increase US$−179 million (2023)
Total assetsIncrease US$1.91 billion (2023)
Total equityIncrease US$190 million (2023)
Owner
Number of employees
2,300 (2023)
Websitealteryx.com
Footnotes / references
[1]

Alteryx, Inc. is an American computer software company based in Irvine, California,[1] with a development center in Broomfield, Colorado,[2][3] and offices worldwide. The company's products are used for data science and analytics.[4][5] The software is designed to make advanced analytics automation accessible to any data worker.[6]

History

[edit]

SRC LLC, the predecessor to Alteryx, was founded in 1997 by Dean Stoecker, Olivia Duane Adams and Ned Harding.[7] SRC developed the first online data engine for delivering demographic-based mapping and reporting shortly after being founded.[8] In 1998, SRC released Allocate, a data engine incorporating geographically organized U.S. Census data[9] that allows users to manipulate, analyze and map data.[10] Solocast was developed in 1998, which was software that allowed customers to do customer segmentation analysis.[8]

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.[10][11]

In 2006, the software product Alteryx was released, which was a unified spatial and non-spatial data environment for building analytical processes and applications.[8]

In 2010, SRC LLC changed its name to that of its core product, Alteryx.[12]

In 2011, Alteryx raised $6 million in venture funding from the Palo Alto investment arm of SAP AG, SAP Ventures.[7] In 2013, Alteryx raised $12 million from SAP Ventures and Toba Capital.[13][14] In 2014, the company raised $60 million in Round B funding[4][5] from Insight Venture Partners, Sapphire Ventures (formerly SAP Ventures) and Toba Capital, and announced plans for a 30% workforce expansion.[3]

In 2015, ICONIQ Capital led an $85 million investment in Alteryx, with Insight Venture Partners and Meritech Capital Partners also participating.[15] Alteryx announced plans to use the new capital to expand internationally, invest in research and development, and increase its sales and marketing efforts.[16][17]

On March 24, 2017, Alteryx went public in an IPO listed on the NYSE.[18] In October, it was discovered that Alteryx was subject to a data breach of partially anonymized data records for approximately 120 million U.S. households.[19]

In October 2020, Alteryx announced Mark Anderson as CEO, with Stoecker becoming Executive Chairman of the Board of Directors.[20]

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 until the beginning of the following year.[21][22][23] On March 19, 2024, the transaction was completed.[24]

Products

[edit]

As of October 2023, Alteryx offered the following products as part of an analytics platform:

  • Alteryx Designer Cloud[25]
  • Alteryx Auto Insights[26]
  • Alteryx Machine Learning
  • Alteryx Designer
  • Alteryx Promote[27]
  • Alteryx Server
  • Alteryx Intelligence Suite[28][29]
  • Alteryx Connect
  • Alteryx Location Intelligence
  • Alteryx App Builder [30]

Acquisitions

[edit]

In January 2017, Alteryx acquired Prague-based software company Semanta. Alteryx Connect is an outgrowth of the Semanta acquisition.[31]

In June 2017, Alteryx acquired data science startup Yhat[32] to enhance their capabilities for managing and deploying advanced analytic models ultimately resulting in Alteryx Promote.[33] Alteryx paid $10.8 million in cash and equity.[34] Yhat had raised $2.6 million before the acquisition.

In February 2018, Alteryx acquired Alteryx ANZ, a distributor of altered software based in Sydney, Australia[35]

In April 2019, Alteryx acquired ClearStory Data for $19.6 million in cash.[36]

In October 2019, Alteryx acquired Feature Labs, a machine learning startup founded by 2 MIT researchers[37] for $25.2 million in cash with an additional $12.5 million in equity incentive awards.[38] Feature Labs is 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. Feature Labs had raised $1.5 million prior to the acquisition.[39]

In October 2021, Alteryx acquired Lore IO, a no-code AI-enabled data modeling platform that rapidly deploys analytics that adapt easily within a changing business environment.[40] That same month, Alteryx acquired Hyper Anna, a cloud platform for generating AI-driven automated insights from data.[41]

In January 2022, Alteryx acquired Trifacta for $400 million in cash, with the deal closing the following month.[42][43] In March 2022, Alteryx announced its Analytics Cloud Platform, which it updated to integrate Designer Cloud powered by Trifacta.[44]

2017 data breach

[edit]

During the October 2017 data breach mentioned above, although no names were attached, telephone numbers and physical addresses were among the 248 fields per household involved in the breach. Also included was "consumer demographics, life event, direct response, property, and mortgage information for more than 235 million consumers" according to the company.[45] Alteryx assembled information from Experian and public sources like the U.S. Census Bureau to create their product which sold for $39,000 per license. Alteryx's hosting on Amazon Web Services had been unsecured (its sources had no breach).[46]

References

[edit]
  1. ^ a b "US SEC: Form 10-K Alteryx, Inc". U.S. Securities and Exchange Commission. February 6, 2024.
  2. ^ Wallace, Alicia (31 July 2015). "Data analytics firm Alteryx moves to larger space in Broomfield". Denver Post.
  3. ^ a b Lindenstein, Joshua (6 October 2014). "Alteryx Inc. nets $60 million in funding". BizWest.
  4. ^ a b Clancy, Heather (6 October 2014). "Another day, another $60 million analytics funding round". Fortune.
  5. ^ a b Wallace, Alicia (7 October 2014). "Boulder's Alteryx Inc. raises $60 million". Daily Camera.
  6. ^ Fogarty, Kevin (24 August 2012). "When Big Data Questions Can't Wait For Data Scientists". InformationWeek.
  7. ^ a b Brown, Steven (5 April 2011). "SAP Ventures invests $6M in Alteryx Inc". San Francisco Business Times.
  8. ^ a b c "SRC Corporate Overview" (PDF) (Press release). Archived from the original (PDF) on 2014-10-24. Retrieved 2014-10-16.
  9. ^ "ExtendTheReach.Com / Products / SoloCast". Archived from the original on 8 February 2003.
  10. ^ a b Norman, Jan (17 July 2001). "Census deal for O.C. firm". The Orange County Register.
  11. ^ "SRC organizing census data". Daily Camera. 5 July 2001.
  12. ^ "US SEC: Form 10-K Alteryx, Inc" (PDF). U.S. Securities and Exchange Commission. Retrieved March 5, 2022.
  13. ^ Casacchia, Chris (18 May 2013). "Toba in $12M Round for Big Data Analytics Firm". Orange County Business Journal.
  14. ^ "Alteryx Raises $12M For Data Analytics Platform That Shapes Data Into Apps". TechCrunch. 20 May 2013.
  15. ^ Miller, Ron (2015-10-28). "Alteryx Scores $85 Million As Growth Spurt Continues". TechCrunch. Retrieved 2023-04-01.
  16. ^ Picker, Leslie (2015-10-28). "Iconiq Capital Leads $85 Million Investment in Alteryx". The New York Times. ISSN 0362-4331. Retrieved 2015-10-28.
  17. ^ Williams, Lauren (2015-10-28). "Data firm Alteryx secures $85M investment, could make "unicorn" list". Orange County Register.
  18. ^ "Alteryx IPO Draws Strong Interest In Hot Data-Analytics Field". Investor's Business Daily. 2017-03-23. Retrieved 2023-04-01.
  19. ^ Fox-Brewster, Thomas. "120 Million American Households Exposed In 'Massive' ConsumerView Database Leak". Forbes. Retrieved 2018-12-24.
  20. ^ Avidon, Eric (February 23, 2022). "Alteryx makes personnel changes to navigate cloud journey". TechTarget. Retrieved May 24, 2023.
  21. ^ "Software firm Alteryx to be taken private in $4.4 bln deal". Reuters. 18 December 2023. Retrieved 21 December 2023.
  22. ^ "Alteryx to be acquired by private equity firms for $4.4 billion | TechTarget". Business Analytics. Retrieved 2023-12-21.
  23. ^ "Alteryx, Databricks expand complementary partnership | TechTarget". Business Analytics. Retrieved 2024-02-16.
  24. ^ "Clearlake Capital Group and Insight Partners Complete Acquisition of Alteryx". MarketScreener. Retrieved 2024-03-22.
  25. ^ Avidon, Eric (November 16, 2022). "Alteryx launches SaaS version of Designer in Analytics Cloud". TechTarget. Retrieved May 11, 2023.
  26. ^ "Alteryx Analytics Cloud platform updates boost decision intelligence". Help Net Security. 2023-02-19. Retrieved 2023-05-11.
  27. ^ Guess, A.R. "Alteryx Alters Data Science with New Release". Davaversity. Retrieved March 9, 2018.
  28. ^ "Alteryx Introduces Analytics Hub and Intelligence Suite". CRM. 16 June 2020. Retrieved 29 June 2020.
  29. ^ "Alteryx Updates APA Platform with Analytics Hub and Intelligence Suite". Solutions Review. 18 June 2020. Retrieved 29 June 2020.
  30. ^ "Alteryx App Builder". Alteryx. Retrieved 14 December 2023.
  31. ^ "Alteryx's Acquisition of Semanta – Global Legal Chronicle". 18 July 2017. Retrieved 2019-12-15.
  32. ^ "Alteryx Acquires Yhat to Accelerate Data Science Model Deployment". Alteryx. Retrieved 2019-12-15.
  33. ^ "Alteryx Promote Announced - New Offering to Easily Deploy, Manage and Integrate Data Science Models for Real-Time Decisions". Alteryx. Retrieved 2019-12-15.
  34. ^ "S-1". www.sec.gov. Retrieved 2019-12-15.
  35. ^ "Alteryx Expands Reach by Acquiring Partner in Australia". investor.alteryx.com. Retrieved 2019-12-15.
  36. ^ "Alteryx's (AYX) ClearStory Data Buyout Strengthens Portfolio". finance.yahoo.com. 9 April 2019. Retrieved 2019-12-15.
  37. ^ "Alteryx Acquires Feature Labs to Advance Machine Learning for the Enterprise". Alteryx. Retrieved 2019-12-15.
  38. ^ "FORM 10-K" (PDF).
  39. ^ "Feature Labs launches out of MIT to accelerate the development of machine learning algorithms". TechCrunch. Retrieved 2019-12-15.
  40. ^ Ghosh, Shaoni (October 26, 2021). "Alteryx acquires Lore IO to leverage data access for cloud data". Analytic Steps. Retrieved May 1, 2023.
  41. ^ Avidon, Eric (October 7, 2021). "Alteryx acquisition of Hyper Anna adds AI capabilities". TechTarget. Retrieved May 1, 2023.
  42. ^ Baer, Tony (2022-01-07). "Alteryx announces intent to buy Trifacta". ZDNet.
  43. ^ "Alteryx Closes Acquisition of Trifacta" (Press release). Retrieved 2022-02-17.
  44. ^ Avidon, Eric (February 16, 2023). "Alteryx makes Analytics Cloud GA, adds new tools". TechTarget. Retrieved May 4, 2023.
  45. ^ Fox-Brewster, Thomas. "120 Million American Households Exposed In 'Massive' ConsumerView Database Leak". Forbes. Retrieved 2018-12-24.
  46. ^ Hackett, Robert (December 22, 2017). "Data Breach Exposes 123 Million U.S. Households". Fortune: Time, Inc. Retrieved December 23, 2017.
[edit]
  • Official website Edit this at Wikidata
    • Historical business data for Alteryx, Inc.:
    • SEC filings
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