Alteryx Acquires Lore Io To Dramatically Enhance Enterprise Analytics For Cloud Data
Oct 22, 2021•almost 4 years ago
Acquiring Company
Alteryx
Acquired Company
Lore IO
Description
Alteryx, Inc. (NYSE: AYX), the Analytics Automation company, today announced that it has acquired Silicon Valley-based Lore IO, a no-code AI-enabled data modeling platform that rapidly deploys analytics that adapt easily within a changing business environment. The acquisition of Lore IO provides Alteryx with the talent and technical know-how to leverage cloud-native, elastic compute within Alteryx Designer Cloud and Alteryx Machine Learning, allowing customers to analyze large datasets for actionable self-service insights.
FundzWatch™ Score
83
High M&A Activity
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed