Data analytics software maker Alteryx Inc. in Irvine said it has agreed to acquire cloud company Trifacta of San Francisco in a $400 million deal.
“With Trifacta, our combined cloud platform will serve the needs of entire enterprises from data analytics teams and IT/technology teams to line of business users,” Alteryx CEO Mark Anderson said in a statement today.
The transaction is expected to close by the end of March and is subject to customary closing conditions.
Alteryx also said today its fourth-quarter revenue is expected to be at or above the high end of its previously issued guidance.
The earlier guidance had called for revenue $163 million to $168 million for the quarter ended Dec. 31 and $635 million in annual recurring revenue for the same period, according to Alteryx.
The company expects to report its fourth-quarter and full year 2021 financial results on Feb. 15.
Shares in Alteryx rose almost 3% in after-hours trading in New York to $59.60 apiece after the announcement was made earlier in the day.