Data analytics software Alteryx, Inc. (NYSE: AYX) in Irvine said it had formed a partnership with Snowflake, a data cloud company in San Mateo, that further integrates Alteryx analytics automation and data science capabilities with Snowflake’s platform.
The combination provides customers with automated data pipelining, faster data processing and speeds analytics outcomes at scale. No financial arrangements were announced.
“Together, Alteryx and Snowflake share hundreds of joint customers and with this new integrated offering and partnership, we will serve the growing market demand,” Sharmila Mulligan, chief strategy and marketing officer of Alteryx, said in a statement today. “We’re excited that this closer partnership with Snowflake will further enable our customers to accelerate analytics and data science automation at scale and succeed in their digital transformation initiatives.”
Alteryx shares rose 8.2% to $124.65 apiece for a market cap of $8.3 billion after the announcement.
