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Alteryx is going private in a $4.4 billion deal with Clearlake Capital and Insight Partners, offering a 59% premium to Alteryx’s closing price. Mark Anderson, CEO of Alteryx, said the transaction will give the company more flexibility to implement its long-term strategy. Alteryx has been consolidating analytics customers on its self-service data science and machine learning platform and has oriented its go-to-market strategy around targeting personas. Private-equity ownership should ease concerns about the company’s future, even if there may be short-term concerns about layoffs and continued investment in R&D.
