Alteryx to Acquire Trifacta

The analytics automation company, Alteryx, Inc. , has announced its acquisition of Trifacta. Trifacta is an award-winning cloud company known for making data analytics faster and more intuitive by deploying scalable data management and machine learning.

Enterprise customers deploy modern data architectures based on cloud data warehouses to support SaaS-based applications and analytics. Meanwhile, business users' demand for timely insights from these enormous cloud datasets to power their digital transformation initiatives is at an all-time high, necessitating the development of scalable, secure data analysis solutions.

Trifacta provides cloud-first capabilities to help businesses accelerate their analytics transformation, and the company has a strong presence among the Global 2000 and large corporations. Alteryx's journey to the cloud will be anchored and accelerated by this purchase, which will create new categories of buyers across IT within large companies.

Mark Anderson, CEO of Alteryx, shared, "Trifacta brings highly skilled cloud-first engineering, product, and go-to-market teams with decades of combined experience building and bringing to market mission-critical, cloud-native analytics solutions. Together, Trifacta and Alteryx expand our total addressable market with additional opportunities to target new data and cloud transformation initiatives for Global 2000 customers. He further added, “With Trifacta, our combined cloud platform will serve the needs of entire enterprises, from data analytics teams and IT/technology teams to the line of business users."

Trifacta offers proven, scalable cloud data management solutions for significant cloud installations such as Google Cloud Platform (GCP), Amazon Web Services (AWS), and Microsoft Azure, natively and securely. Alteryx plans to integrate its premier low-code/no-code analytics solution with Trifacta's cloud-native capabilities to provide business customers with a flexible deployment option for their analytics needs.

"We're incredibly excited to join forces with Alteryx to create the industry's 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 Trifacta's Data Engineering Cloud and Alteryx's Analytics Automation platform."