Prior notification of a concentration (Case M.11440 – CLEARLAKE / INSIGHT / ALTERYX) – Candidate case for simplified procedure
Date: 2024-02-21
Institutions: Directorate-General for Competition, European Commission
Subjects: consumer goods, data science, economic concentration, energy industry, foodstuff, investment company, merger control, sale, software, technology








C_202401649EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2024/1649


21.2.2024






Prior notification of a concentration
(Case M.11440 – CLEARLAKE / INSIGHT / ALTERYX)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/1649)


1.   
On 14 February 2024, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Clearlake Capital Group L.P. (‘Clearlake’), USA,










—


Insight Venture Management LLC (‘Insight’), USA, controlled by Insight Holdings Group LLC,










—


Alteryx, Inc. (‘Alteryx’), USA.




Clearlake and Insight will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Alteryx.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


Clearlake is a private investment firm with portfolio companies active in software and technology-enabled services, energy and industrials, and food and consumer products.










—


Insight is a global venture capital and private equity firm, investing primarily on the technology sector, focusing on consumer-facing technology, and SaaS based software infrastructure.






3.   

The business activities of the undertaking Alteryx are the following: a computer software company offering products that are used for data science and analytics. The software is designed to make advanced analytics automation.



4.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


5.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.11440 – CLEARLAKE / INSIGHT / ALTERYX
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2024/1649/oj
ISSN 1977-091X (electronic edition)