63.9 F
Laguna Hills
Sunday, Jun 22, 2025
-Advertisement-

Alteryx Acquires Lore IO

Data analytics software maker Alteryx Inc. (NYSE: AYX) in Irvine has acquired Silicon Valley-based Lore IO, maker of a platform for analytics that easily adapt to changing business environments. No financial details were released.

“Integrating Lore IO’s technology and talent aligns with our ambitious innovation agenda to allow enterprises to unlock the value of their data, uncovering business insights no matter how complex their datasets are or where the data resides,” said Alteryx Chief Executive Officer Mark Anderson.

Shares in Alteryx fell 2.3% to $73.07 apiece for a market cap of $4.9 billion after the announcement.

“Integration of the Lore IO team brings important skills for cloud-native analytic compute optimization and in-database processing, helping Alteryx customers tame big data to extract enterprise value,” Alteryx said.

Investor website Tracxn.com said Lore IO has $3 million in total funding from a series A round that took place in 2018.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Would you like to subscribe to Orange County Business Journal?

One-Year for Only $99

  • Unlimited access to OCBJ.com
  • Daily OCBJ Updates delivered via email each weekday morning
  • Journal issues in both print and digital format
  • The annual Book of Lists: industry of Orange County's leading companies
  • Special Features: OC's Wealthiest, OC 500, Best Places to Work, Charity Event Guide, and many more!

Previous article
Next article
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-