STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Milana Vinn
Fierce competition from big rivals such as Microsoft Corp and Oracle Corp, as well as setbacks in winning new business, have suppressed Alteryx's valuation and made it an acquisition target. Its shares had lost almost half their value in the last 12 months prior to news of its exploring a sale. Expressions of interest that Alteryx has received thus far have not met its valuation expectations, and the company may decide against any deal, the sources said, requesting anonymity because the matter is confidential.Alteryx, which debuted in the stock market in 2017, counts more than 8,300 companies as its customers, including Coca-Cola Co, Vodafone Plc, Walmart Inc, and Ford Motor Company. Its platform allows businesses to quickly analyze and crunch data.
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