Clearlake, Insight Agree $4.4 Billion Deal to Buy Alteryx (1)

A consortium backed by Clearlake Capital and Insight Partners has agreed to buy Alteryx Inc. in a deal valuing the software developer at $4.4 billion including debt.

Alteryx shareholders will receive $48.25 in cash for every Class A or Class B common share they own, according to a statement on Monday that confirmed an earlier Bloomberg News report. Reuters had previously reported the talks.

The offer represents a 59% premium to Alteryx’s last closing price before news of a potential sale first emerged in early September. The shares closed Monday down 1.6% to $47.27.

Alteryx Inc. signage on front of the New York Stock Exchange during the company’s IPO in New York in 2017.

Photographer: Michael Nagle/Bloomberg

“In addition to ...