Irvine-based analytics software maker Alteryx Inc. bought a Brooklyn, N.Y. company and debuted a service developed from another recent purchase. Financial terms of its most recent purchase of data software maker Yhat Inc. were undisclosed.
Yhat’s software provides data scientists and analysts with tools to develop, manage and deploy machine-learning models for internet and mobile applications.
Alteryx, led by Chairman and Chief Executive Dean Stoecker, also announced the Alteryx Connect service targeting large corporate customers it says allows users to find, create, collaborate and share data-focused reports and related documents. The platform was developed from technology acquired through its January buy of Czech Republic software maker Semanta, which specializes in metadata management and oversight.
Alteryx’ customers pay a subscription fee for its analytics software to integrate data, monetize content, forecast sales, map out retail expansion plans, and compare sales and product placement, among other features.
Alteryx raised $114 million in net proceeds from its March initial public offering, which snapped a nearly two-year drought in Orange County IPOs.
— Chris Casacchia
