Alteryx Acquires Trifacta

Irvine-based Alteryx, which develops analytics software, said Thursday afternoon that it has agreed to acquire Trifacta, a developer of data management and machine learning software. Alteryx said it will pay $400M in cash for Trifacta, and also will establish a retention pool of $75 million for former employees of Trifacta. The company said it expects to close the first quarter of 2022. Alteryx was advised by Goldman Sachs and Fenwick & West, with Trifacta advised by J.P. Morgan and Gunderson Dettmer.