Alteryx appoints new CEO to accelerate automation agenda

Former President of Palo Alto Networks, Mark Anderson takes on leadership role

  
Mark Anderson, Chief Executive Officer, Alteryx

Mark Anderson, Chief Executive Officer, Alteryx

DUBAI – Alteryx, Inc. (NYSE: AYX), a leader in analytic process automation (APA), has announced that Mark Anderson, a current member of Alteryx’s Board of Directors, has been appointed to succeed Dean Stoecker, Alteryx’s Co-founder, Chairman and current Chief Executive Officer, as Alteryx’s CEO. Mr. Anderson has a proven track record guiding enterprise technology organizations as they grow and scale, including as President of Palo Alto Networks. Mr. Stoecker has been appointed as Alteryx’s Executive Chairman and will continue to serve as Chairman of the Board of Directors.

“It has been a great source of pride to witness Alteryx grow from strength-to-strength under Dean’s leadership. Our network now extends to more than 6,700 customers across 80 countries, all supported by over 1,500 employees. As organizations globally recognize the need to digitize, we believe that automation will continue to be the key enabler in streamlining business processes and extracting untapped value from data. I look forward to working in close collaboration with Mark and our wider team, as we evolve our solutions and forge new ties to create positive impact for businesses both in the region and globally,” said Abboud Ghanem, Regional Vice President, Middle East and Africa, Alteryx.

Updated Third Quarter Financial Outlook

Alteryx currently anticipates that total revenue for the third quarter ended September 30, 2020 will be in the range of $126.0 million to $128.0 million, representing 22% to 24% year-over-year growth, ahead of the previously issued guidance of $111.0 million to $115.0 million.

This is based on information available to Alteryx as of the date of this release and is subject to the completion of its quarterly financial closing procedures and review by Alteryx’s independent registered public accounting firm. 

Advancing the Automation Agenda

As the company continues to unify analytics, data science and data-centric process automation to accelerate digital transformation and time-to-value for companies across the globe, Alteryx announces its partnership with digital intelligence company ABBYY. By leveraging the ABBYY Process Intelligence platform and the Alteryx APA Platform, users can better initiate, analyze, predict and monitor end-to-end analytics, automating complex processes to fast track digital transformation priorities. The combined solution integrates Alteryx data access, transformation, advance analysis and machine learning capabilities with ABBYY’s process mining, analysis, monitoring and predictive process intelligence. The companies anticipate industries such as financial services, insurance, logistics and healthcare where gaps in insight can have a huge impact on the customer experience will benefit from this critical mix of advanced analytics and process intelligence capabilities to provide superior automation solutions for the most important business operations.

Alteryx has also formed a strategic partnership with UiPath, the leading enterprise Robotic Process Automation (RPA) software company, to speed end-to-end automation across data-driven business processes. Together, UiPath and Alteryx offer a solution that empowers business leaders, analysts, data scientists and data engineers to increase operational efficiency and automate time-to-insight, bringing together the benefits of APA and RPA to drive faster business outcomes.

UiPath robots perform data collection and data aggregation from sources such as mainframes and legacy systems without APIs, unstructured data in documents, website scraping, OCR and more. The Alteryx APA Platform™ prepares, transforms and blends this data with disparate sources and automates analytics, data science, and machine learning (ML) and artificial intelligence (AI) outcomes. UiPath robots can receive analytic outcomes, act upon the decisions from Alteryx ML models and directly input data to enterprise applications and systems. Together, the RPA system combined with the Alteryx APA Platform ensures data governance and integrity across all data analytic functions to accelerate business processes and outcomes. 

-Ends-

To find out more about Alteryx’s latest announcements, please visit the following pages:

This press release contains forward-looking statements that involve risks and uncertainties, including statements with respect to our revenue and financial guidance for the third quarter of 2020, our ability to accelerate growth and value creation, the market opportunity for our products and services, the impacts of the CEO transition, and other future events. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including, but not limited to: risks and uncertainties associated with the COVID-19 pandemic; our ability to effectively transition our chief executive officer position; our ability to manage our growth effectively; our ability to manage our talent base, particularly our sales force and software engineers, and increase their productivity; our history of losses; the rate of growth in the market for analytics products and services; our dependence on our software platform for substantially all of our revenue; our ability to attract new customers and expand sales to existing customers; our ability to develop and release product and service enhancements and new products and services to respond to rapid technological change in a timely and cost-effective manner; intense and increasing competition in our market; our ability to develop, maintain, and enhance our brand and reputation cost-effectively; our ability to establish and maintain successful relationships with our channel partners; our dependence on technology and data licensed to us by third parties; risks associated with our international operations; litigation, and related costs; security breaches; and other general market, political, economic, and business conditions.

Additional risks and uncertainties that could affect our financial results are included under the caption “Risk Factors” in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are available on the “Investor Relations” page of our website at https://investor.alteryx.com and on the SEC website at www.sec.gov. Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. All forward-looking statements contained herein are based on information available to us as of the date hereof and we do not assume any obligation to update these statements as a result of new information or future events.

About Alteryx, Inc.

As a leader in analytic process automation (APA), Alteryx unifies analytics, data science and business process automation in one, end-to-end platform to accelerate digital transformation. Organizations of all sizes, all over the world, rely on the Alteryx Analytic Process Automation Platform to deliver high-impact business outcomes and the rapid upskilling of their modern workforce. For more information visit www.alteryx.com

Alteryx is a registered trademark of Alteryx, Inc. All other product and brand names may be trademarks or registered trademarks of their respective owners.

Contacts:
Media:
Alteryx, Inc.
Chris Boba
cboba@alteryx.com

Investors:
Alteryx, Inc.
Elena Carr
ir@alteryx.com 

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