IRVINE, Calif., Jan. 14, 2021 /PRNewswire/ – Alteryx, Inc. (NYSE: AYX), a leader in analytic process automation (APA), today announced a partnership with Snowflake, the Data Cloud company, 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.
“Our partnership with Alteryx can help make scalable analytics and data science on Snowflake more accessible to citizen analysts across an organization, to help drive business outcomes,” said Colleen Kapase, vice president of global alliances at Snowflake. “As demand for analytics and data science on Snowflake increases, partnerships with organizations, such as Alteryx, help us serve customers globally and supports our mission of mobilizing the world’s data.”
“Highlights of the integrated solution include:
-Alteryx automated data preparation and processing executable inside Snowflake’s compute services.
-A new scalable data loader for large-scale analytics and data science initiatives.
-A seamless connection between transformed data and Alteryx’s analytic and data science capabilities, including predictive and prescriptive analytics, data science and machine learning.
-Ready-to-use Alteryx business solution templates that provide customers outcomes in minutes.”
What is particularly interesting to me is that this announcements similarity to an arrangement the two companies announced in 2017. A quick Google search reveals a broad and deep synergy between these two companies.
I admit to violating a basic investing rule which is one i share. But there are exceptions.
The rule is: never hold a stock on speculation of a buyout. I admit to hanging onto Alteryx this past year in part on that basis. Normally, I would have exited entirely after getting a good look at Dean Stoecker’s replacement as CEO.
I could understand how a highly capable executive leader like Stoecker could grow out of the CEO job and wish to step above that role. Frankly what i couldn’t understand was why he would succeed himself with the relatively visionless executive Mark Anderson. The only reason i could guess was some expectation of a business combination in the near future. Snowflake and Salesforce were the best options i could see. CRM appears to be out of the question now after Tableau and Slack, but SNOW looks increasingly plausible.
Sorry this is the 2017 Snowflake/Alteryx deal i meant to link.
I could understand how a highly capable executive leader like Stoecker could grow out of the CEO job and wish to step above that role. Frankly what i couldn’t understand was why he would succeed himself with the relatively visionless executive
I think there’s a high chance that it wasn’t Stoecker’s choice. Rather with the sudden surprise, as opposed to a communication that Stoecker WILL BE stepping down soon, and Stoecker’s silence after the fact, I am pretty sure this was a choice that the board of directors made, not Stoecker.