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Alteryx Acquires Lore Io To Dramatically Enhance Enterprise Analytics For Cloud Data

Oct 22, 2021almost 4 years ago

Acquiring Company

Alteryx

Acquired Company

Lore IO

IrvineBig DataMachine LearningSaasArtificial IntelligenceAnalyticsSoftware

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.

Company Information

Company

Alteryx

Location

Irvine, California, United States

About

Alteryx, Inc. is a company that powers analytics for all with the award-winning Alteryx Analytics Cloud Platform. With Alteryx, enterprises can make intelligent decisions across their organizations with automated, AI-driven insights. More than 8,000 customers globally rely on Alteryx to democratize analytics across use cases and deliver high-impact business outcomes.

FundzWatch™ Score

83
High M&A Activity

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M&A Insights

Based on deal data
Integration 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