Software firm Alteryx to be taken private in $4.4 bln deal

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Software firm Alteryx to be taken private in $4.4 bln deal

Software firm Alteryx to be taken private in $4.4 bln deal

Article by [Author’s Name]

March 15, 2021

Alteryx agrees to go private

Alteryx, a leading analytics solutions provider, announced today that it has agreed to be acquired and taken private in a deal valued at $4.4 billion. This transaction marks a significant milestone for the software firm, as it transitions from being a publicly traded company to a privately held one.

Acquisition led by private equity firms

The acquisition is being led by leading global investment firm Thoma Bravo, alongside William Blair & Company and Morgan Stanley & Co. LLC. Thoma Bravo will hold a majority stake in Alteryx once the deal is finalized. The involvement of these reputable private equity firms underscores the confidence in Alteryx’s potential for future growth and success.

Strategic decision to fuel innovation

By going private, Alteryx aims to enhance its ability to invest in research and development, as well as drive innovation in its portfolio of analytics products. This strategic decision will enable the company to focus on long-term value creation and further solidify its position as a market leader in the rapidly evolving data analytics space.

Continued commitment to customers

Alteryx reassures its customers that there will be no disruption in services or support during this transition. The company remains dedicated to delivering high-quality solutions and maintaining strong customer relationships. Under private ownership, Alteryx is confident it will be better positioned to meet the evolving needs of its clients and continue providing them with cutting-edge analytics tools.

Benefits for shareholders

Upon completion of the transaction, Alteryx shareholders will receive $29.50 per share in cash, representing a premium of approximately 21% over the company’s closing stock price on the previous business day. This offers shareholders an attractive opportunity to realize immediate value for their investment. The agreement has received unanimous approval from Alteryx’s board of directors.

Conclusion

The decision for Alteryx to go private in a $4.4 billion deal led by Thoma Bravo and other prominent investment firms reflects the company’s commitment to innovation and long-term growth. This move positions Alteryx to further strengthen its market position and continue providing its customers with cutting-edge analytics solutions.

March 15, 2021

Alteryx agrees to go private

Alteryx, a leading analytics solutions provider, announced today that it has agreed to be acquired and taken private in a deal valued at $4.4 billion. This transaction marks a significant milestone for the software firm, as it transitions from being a publicly traded company to a privately held one.

Acquisition led by private equity firms

The acquisition is being led by leading global investment firm Thoma Bravo, alongside William Blair & Company and Morgan Stanley & Co. LLC. Thoma Bravo will hold a majority stake in Alteryx once the deal is finalized. The involvement of these reputable private equity firms underscores the confidence in Alteryx’s potential for future growth and success.

Strategic decision to fuel innovation

By going private, Alteryx aims to enhance its ability to invest in research and development, as well as drive innovation in its portfolio of analytics products. This strategic decision will enable the company to focus on long-term value creation and further solidify its position as a market leader in the rapidly evolving data analytics space.

Continued commitment to customers

Alteryx reassures its customers that there will be no disruption in services or support during this transition. The company remains dedicated to delivering high-quality solutions and maintaining strong customer relationships. Under private ownership, Alteryx is confident it will be better positioned to meet the evolving needs of its clients and continue providing them with cutting-edge analytics tools.

Benefits for shareholders

Upon completion of the transaction, Alteryx shareholders will receive $29.50 per share in cash, representing a premium of approximately 21% over the company’s closing stock price on the previous business day. This offers shareholders an attractive opportunity to realize immediate value for their investment. The agreement has received unanimous approval from Alteryx’s board of directors.

Conclusion

The decision for Alteryx to go private in a $4.4 billion deal led by Thoma Bravo and other prominent investment firms reflects the company’s commitment to innovation and long-term growth. This move positions Alteryx to further strengthen its market position and continue providing its customers with cutting-edge analytics solutions.

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