Alteryx Announces Acquisition of Trifacta
Summary
"Were incredibly excited to join forces with Alteryx to create the industrys leading independent cloud analytics provider," said Adam Wilson, CEO of Trifacta. "Together, we have the opportunity to enable thousands of customers globally to unlock powerful business insights with the combination of Trifactas Data Engineering Cloud and Alteryxs Analytics Automation platform." Alteryx will also establish a retention pool of $75 million to be granted in the form of restricted stock units to the former employees of Trifacta. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including, but not limited to: the ability to integrate Trifactas employees, operations and technology into Alteryxs business and software; the benefits of the acquisition and impact on the Alteryx software platform, customers, users, financial results and total addressable market; the ability of Alteryx and Trifacta to close the announced transaction; the possibility that the closing of the transaction may be delayed; the effects of disruption from the transaction making it more difficult to maintain relationships with employees, customers and other third parties; risks associated with Alteryxs international operations; the ability to develop and release product and service enhancements and new products and services to respond to rapid technological change in a timely and cost-effective manner; the ability to attract new customers and retain and expand sales to existing customers; intense and increasing competition in Alteryxs market; the rate of growth in the market for analytics products and services; and other general market, political, economic, and business conditions. Organizations of all sizes, all over the world, rely on Alteryx to deliver high-impact business outcomes and the rapid upskilling of their modern workforce.
