Alteryx Acquires ClearStory Data To Drive ‘Next Wave’ Of Data Science Innovation

With the goal of driving more data science innovation through its flagship analytics platform, Alteryx has acquired big data and analytics competitor ClearStory Data.

Alteryx, which made CRN’s 2018 Big Data 100 list and was named a Leader in Gartner’s Magic Quadrant for Data Science And Machine Learning, said it identified synergies between the two companies.

“We believe the combination of the ClearStory Data and Alteryx teams will help us accelerate through the next wave of innovation in the data science and analytics market,” said Dean Stoecker, co-founder and CEO of Alteryx, in a statement.

[Related: Alteryx: Big Data Analysis Not Just For Scientists, Statisticians]

Terms of the deal were not disclosed.

Alteryx’s stock remained flat Friday morning with shares selling at $82.15.

Irvine, Calif.-based Alteryx offers a machine-learning platform that can be easily used by nonprofessional data scientists. Alteryx’s platform is purpose-built to create new data partnerships between IT, analytics teams and the lines of business.

The company went public in 2017 with a goal of better helping customers install a data and analytics culture without needing to hire expert data scientists to solve complex analytic business problems. Alteryx said ClearStory Data will help it continue to be a leading innovator of a code-free platform for data scientists and a code-friendly one for trained statisticians.

Founded in 2011, Menlo Park, Calif.-based ClearStory focuses on intelligent automation on large-scale platforms including Spark.

ClearStory’s technical expertise in scalable compute, data profiling and auto inference aligns with the strategy of Alteryx to meet global demand for advanced analytics, supporting customers in their digital transformation initiatives, according to ClearStory Data founder and CEO Sharmila Mulligan.

“Combining our talent will help make smart data discovery and model building more accessible to the business," said Mulligan in a statement. "We chose Alteryx due to our shared culture of innovation and vision of making it easier for companies to unlock the value of their data."