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OCBJ INSIDER

Mark Anderson is putting his stamp on data analytics software firm Alteryx (NYSE: AYX), with the company’s largest acquisition to date, by a wide margin. See page 1 for more on the company’s $475M buy of cloud-focused “data wrangling” firm Trifacta.

The purchase comes a little more than a year after Anderson took over the CEO spot from co-founder Dean Stoecker, now the company’s executive chairman.

Might there be a flurry of dealmaking in the near future for some of OC’s other big tech companies? Two of the largest, Ingram Micro and CoreLogic, each announced CEO changes of their own last week.

Tech distribution giant Ingram, which generates nearly $50B in sales anually, last week disclosed longtime CEO Alain Monié had transitioned to the role of executive chairman. The new CEO is Paul Bay, who previously held the position of executive vice president and president, Global Technology Solutions.

The change comes about six months after LA’s Platinum Equity, led by billionaire Tom Gores, paid $7.2B to buy Ingram.

Real estate and mortgage data firm CoreLogic, meanwhile, last week announced that CEO Frank Martell was transitioning to the non-executive chairman role at the company. The company last year went private after completing a $6B sale to a pair of investment firms.

Pat Dodd, previously the Irvine-based company’s COO, was appointed to the position of interim president and CEO at CoreLogic.

Another notable CEO change in Irvine appears underway.

Electric vehicle maker Karma Automotive’s CEO, Lance Zhou, is no longer listed on the leadership page of the company’s website, and his LinkedIn page has been removed.

Zhou served as CEO at the company—which pre-Rivian was the largest automaker here by employee count—since late 2017.

The company hasn’t responded to queries on the change.

Perhaps the most notable part of the Alteryx-Trifacta deal: About 16% of the cost of the acquisition comes in the form of Alteryx stock for employees at the San Francisco-based software firm.

Anderson said the $75 million in restricted stock consideration for the Trifacta employees was “quite a bit higher” than is typical for an acquisition of this size.

“We did it because we love the people and we love their experiences,” he told the Business Journal’s Kevin Costelloe.

Alteryx hasn’t forgotten its current employees. Alteryx Chief People Officer L. David Kingsley wrote last week in a social media post that the data analytics firm just gave all non-quota, full-time employees at the company a 10% increase in their base salary.

“This gratitude adjustment was a ‘thank you’ for the work our people put into delivering exceptional results in FY21 and to express appreciation for all that they will help us build together in FY22 and beyond,” Kingsley said.

About 350 of Alteryx’s 1,600 employees work at its Irvine office.

Another perk: “Our leadership team announced that there will be a companywide shutdown week from Feb. 21 through Feb. 25, 2022,” Kingsley said. “Across the company, we will step away from our laptops and phones and take the time and space to recharge.”

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Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.
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