Alteryx offers solutions to aid businesses in analysing data. Credit: Deemerwha studio/Shutterstock.

Software company Alteryx is in advance talks with a consortium of private equity (PE) investors to go private in a deal valued at $5bn, Reuters reported citing sources.

Investment companies Insight Partners and Clearlake Capital Group are leading the consortium vying to acquire the US-listed data analytics software provider.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Severe competition from rivals such as Microsoft and Oracle as well as difficulties in securing new business have lowered Alteryx’s valuation, making it a potential target for acquisition.

According to sources, Insight and Clearlake are willing to pay over $50 per share in cash to take over Alteryx, including debt.

At that price, a deal would value Alteryx’s shares at 65% premium to what they were on 5 September 2023, the last trading day before reports emerged that the technology company was considering a sale.

PE group Symphony Technology Group (STG) has also been vying to acquire Alteryx and may still try to close a purchase, according to one of the sources.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Insight Partners, an early investor in Alteryx, still owns a 1.5% stake in the company and is represented on the board of directors.

Sources said that Insight stepped back from board discussions on the company’s potential sale.

Both Clearlake and Insight declined to comment on the development and requests for comments from STG and Alteryx did not elicit a response, the publication said.

Alteryx listed on the New York Stock Exchange through an initial public offering in 2017.

The company offers solutions to aid businesses in analysing data and counts over 8,300 companies as its clients, which includes Vodafone, Walmart, Ford Motor Company, and Coca-Cola.

To capitalise on the rising demand for data analytics services, Alteryx has shifted to a subscription-based business model in recent years.

Earlier this week, Alteryx launched a new unit, called Alteryx Public Sector, to cater to the US public sector entities.