Acquisitions by software vendors are often strategic, but don’t underestimate the allure of simple financial gain. Analytics software vendor Alteryx, which has been a public company since 2017, has agreed to sell itself to private equity investors Clearlake Capital Group and Insight Partners. The deal is valued at $4.4 billion, a 29.1% premium over the company’s closing share price last Friday.
Developers who build applications that run on someone else’s platform know they risk being knee-capped if the platform builds similar features into its core system. Data clean room vendors received a reminder today when Snowflake announced it is purchasing Samooha, a system that simplifies clean room development on Snowflake. Samooha was already a Snowflake partner but presumably the deal will allow them to create even tighter integrations.
The US Federal Communications Commission (FCC) stood up (by a narrow margin) to opposition by a group of senators looking to block stricter breach regulations on the telecom industry. The new regulation will require telecoms to notify customers, law enforcement agencies and the FCC about data breaches within 30 days.
CX management platform Sprinklr is introducing “digital twins.” Not your average chatbot, a Sprinklr digital twin is more like an AI-powered employee, able to plan actions, create workflows and make decisions, but at speed and at scale. They are said to be more easily trained than chatbots and can operate within brand policies and guardrails.