IRVINE,
Calif., Jan. 26, 2024 /PRNewswire/ -- Alteryx,
Inc. (NYSE: AYX), the Analytics Cloud Platform company, today
announced that its Board of Directors has appointed Kevin Rubin, the Company's Chief Financial
Officer, to serve as Interim Chief Executive Officer. Rubin
succeeds Mark Anderson, who has
stepped down as CEO and from the Board of Directors to pursue other
professional opportunities.
"As we work toward completing our previously announced
transaction and prepare to become a private company, we're grateful
to have Kevin at the helm to oversee our operations," said
Dan Warmenhoven, Lead Independent
Director of Alteryx. "With over 20 years of leadership experience
in scaling global financial operations for growth companies,
including eight as Alteryx's CFO, Kevin possesses the skills and
expertise to lead the Company forward during this transitional
period."
"I am pleased to serve as Interim CEO as we continue to build on
our strong foundation and capitalize on the momentum in the
business," said Rubin. "Alteryx has a deep bench of talent across
the entire organization fueling our innovation and success, and I
look forward to continuing to deliver for our customers, employees
and stockholders."
Warmenhoven continued, "We thank Mark for his contributions to
Alteryx. Throughout his tenure as CEO, Mark led the Company through
key milestones, including our cloud and AI transformation, the
COVID-19 pandemic and the transaction announcement in December. We
wish Mark well in his future endeavors."
"It has been a privilege serving on the Alteryx Board of
Directors and leading Alteryx as CEO for the last three years,"
said Anderson. "I am immensely proud of what our team accomplished
together. Alteryx has a remarkable future ahead with Clearlake and Insight, and I look forward to
following its continued success."
With the support of the Company's finance organization, Rubin
will continue to serve as Chief Financial Officer while serving as
Interim CEO.
On December 18, 2023, Alteryx
announced that it had entered into a definitive agreement to be
acquired by Clearlake Capital Group, L.P. and Insight Partners, two
global private equity firms. The transaction is expected to close
in the first half of 2024, subject to customary closing conditions
and approvals, including approval by Alteryx stockholders and the
receipt of required regulatory approvals.
About Kevin Rubin
Kevin Rubin is the Chief
Financial Officer of Alteryx, responsible for all aspects of its
global financial operations, including finance, accounting, tax,
treasury, investor relations, corporate development and Alteryx
Ventures, and global real estate and workplace services. He brings
over 20 years of experience in the industry, leading both public
and private technology companies through rapid growth and
expansion. Prior to joining Alteryx in 2016, Rubin served as CFO of
MSC Software, a private-equity backed software company. In this
role, he was responsible for managing MSC through significant
transitions, including launching and navigating the company's shift
to a subscription-based model. Prior to joining MSC, Rubin served
as CFO for Pictage, DataDirect Networks and MRV Communications. He
is a certified public accountant (inactive) in California and holds a bachelor's degree in
business economics with an emphasis in accounting from the
University of California, Santa
Barbara.
About Alteryx
Alteryx (NYSE: AYX) powers analytics for all with the
award-winning Alteryx Analytics Cloud Platform. With Alteryx,
enterprises can make intelligent decisions across their
organizations with automated, AI-driven insights. More than 8,000
customers globally rely on Alteryx to democratize analytics across
use cases and deliver high-impact business outcomes. To learn more,
visit http://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.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the federal securities laws that involve risks and
uncertainties, including statements regarding our expectations with
respect to the pending acquisition of Alteryx (the "Transaction")
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: the possibility
that the conditions to the closing of the Transaction are not
satisfied, including the risk that required approvals from
Alteryx's stockholders for the Transaction or required regulatory
approvals to consummate the Transaction are not obtained, on a
timely basis or at all; the occurrence of any event, change or
other circumstance that could give rise to the right to terminate
the Transaction, including in circumstances requiring Alteryx to
pay a termination fee; our history of losses; volatile and
significantly weakened global economic conditions; our ability to
develop, release, and gain market acceptance of product and service
enhancements and new products and services to respond to rapid
technological change in a timely and cost-effective manner, or if
we are unable to develop a successful business model to sell those
products and services we have acquired or integrate them into our
existing products and services; our dependence on our software
platform for a large portion of our revenue; our ability to manage
our growth effectively; our ability to attract new customers,
expand sales to existing customers, both domestically and
internationally, or maintain the subscription amount or
subscription term of renewing customers; our ability to establish
and maintain successful relationships with our channel partners;
intense and increasing competition in our market; the rate of
growth in the market for analytics products and services; our
dependence on technology and data licensed to us by third parties;
risks associated with the expansion of our international
operations; our ability to develop, maintain, and enhance our brand
and reputation cost-effectively; litigation and related costs;
security breaches; the success of our AI initiatives; our
indebtedness and risks related to our outstanding notes; and other
macroeconomic conditions, including, but not limited to, rising
inflation, interest rates, disruptions in access to bank deposits
or lending commitments due to bank failures, foreign currency
exchange rates, economic uncertainty, and the impacts of
geopolitical and other natural and man-made events, like regional
conflicts and government shutdowns. Additionally, these
forward-looking statements involve risk, uncertainties and
assumptions, many of which relate to matters that are beyond our
control and changing rapidly.
Additional risks and uncertainties that could affect our
financial results are detailed in the periodic reports that Alteryx
files with the SEC, including Alteryx's Annual Report on
Form 10-K and Alteryx's Quarterly Reports on
Form 10-Q. All forward-looking statements in this
communication are based on information available to Alteryx as of
the date of this communication, and Alteryx does not assume any
obligation to update the forward-looking statements provided to
reflect events that occur or circumstances that exist after the
date on which they were made, except as required by law.
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SOURCE Alteryx, Inc.