IRVINE, Calif., Oct. 5, 2020 /PRNewswire/ -- Alteryx, Inc.
(NYSE: AYX), a leader in analytic process automation
(APA™), announced that Mark
Anderson, a current member of Alteryx's Board of Directors,
has been appointed to succeed Dean
Stoecker, Alteryx's Co-founder, Chairman and current Chief
Executive Officer, as Alteryx's Chief Executive Officer, effective
today. Mr. Anderson is a seasoned executive with a proven track
record guiding enterprise technology organizations as they grow and
scale, including as President of Palo Alto Networks. The Company
also announced that Mr. Stoecker has been appointed as Alteryx's
Executive Chairman and will continue to serve as Chairman of the
Board of Directors.
"Scaling Alteryx from one client and three employees to a global
leader in the analytics market with over 1,500 employees, over
6,700 customers and 18 offices around the world has been one of my
greatest accomplishments. I am incredibly proud and honored to have
led the team that built Alteryx over the past 23 years," said Mr.
Stoecker.
"When I decided to transition from day-to-day operations, it was
clear to me that Mark is the ideal candidate to serve as Alteryx's
next CEO given his passion for our company and our newly created
Analytic Process Automation category, coupled with his experience
in scaling organizations. Since joining our Board two years ago,
Mark has proven himself as a trusted advisor providing valuable
insights and strategic direction. I am confident that Alteryx will
achieve new heights under his leadership," Mr. Stoecker
continued.
"I am honored and excited to be Alteryx's new CEO," said Mr.
Anderson. "Digital transformation is accelerating globally and
Alteryx's product vision and strategic positioning align closely
with the market convergence of people, process and data. Building
and enabling high performing teams – especially at Alteryx's stage
– is my professional and personal passion. I look forward to
partnering closely with Dean, the rest of the Board and the entire
Alteryx team as we embark on the next phase of our growth."
"On behalf of the Board, we are thrilled to welcome Mark into
the CEO role," said Charles Cory,
Lead Independent Director. "Mark is an ideal leader for Alteryx at
this time of great potential for our company. In addition to his
knowledge of Alteryx, Mark brings the skills and expertise that we
believe will enable us to capitalize on the massive market
opportunities Dean helped create. We strongly believe Mark's
outstanding sales and go-to-market experience combined with Dean's
continued support as Executive Chairman is a winning combination
that will accelerate significant growth and value creation."
Mr. Cory continued, "Since Alteryx's founding, Dean has not only
built a global company distinguished by its game-changing data
science and analytics, he has established a corporate culture that
thrives on innovation, collaboration, inclusion and diversity.
Dean's exceptional leadership over the last 23 years and these
differentiators have paved the way for Alteryx's success and strong
industry position as a public company. We know he will continue to
make valuable contributions as Executive Chairman of Alteryx."
Updated Third Quarter Financial Outlook
Alteryx currently expects that total revenue for the third
quarter ended September 30, 2020 will
be in the range of $126.0 million to
$128.0 million, representing 22% to
24% year-over-year growth, ahead of the previously issued guidance
of $111.0 million to $115.0 million.
This information is based on information available to Alteryx as
of the date of this release and is subject to the completion of its
quarterly financial closing procedures and review by Alteryx's
independent registered public accounting firm.
Alteryx expects to report its third quarter 2020 financial
results and host a conference call to discuss these results after
the U.S. financial markets close on Thursday, November 5, 2020.
About Mark Anderson
Mark Anderson is a seasoned
executive with a proven track record of rapidly building and
scaling organizations for growth and profitability and serving
enterprise customers with a high level of quality and
integrity.
Mr. Anderson is the former president of Palo Alto Networks,
where he was responsible for sales, go-to-market (GTM), and
customer satisfaction as well as business and corporate
development, and is the former chief growth officer of Anaplan. At
Palo Alto Networks, Mr. Anderson helped build out GTM teams to
support rapid growth. During Mr. Anderson's tenure, Palo Alto
Networks grew to become one of the largest security companies in
the world. Before Palo Alto Networks, Mr. Anderson led worldwide
sales activities at F5 Networks and was instrumental in the GTM
success and growth in the Application Delivery Controller
marketplace. Earlier, he held leadership positions at Lucent
Technologies and Cisco Systems.
Mr. Anderson was the first independent board member at Avi
Networks, a private, multi-cloud ADC innovator in Silicon Valley,
and has served on the board of directors of Cloudflare, Inc. since
August 2019. He holds a B.A. in
business and economics from York
University in Toronto.
About Dean Stoecker
Dean Stoecker co-founded Alteryx
in 1997 and has since lead the company through strong organic
revenue and customer growth, product innovation, global expansion
and a successful IPO in March 2017—recognized as a top performer in
the class of 2017. Dean's leadership and motivational skills, along
with his ability to create, communicate and realize a vision, are a
driving force behind the company's 20+ year success.
Mr. Stoecker serves as advisor to entrepreneurs and is an active
philanthropist, creating the Alteryx for Good program to bring the
thrill of solving real-world problems to non-profits, educators and
local communities. Dean is passionate about humanizing the world of
data science and analytics, evident in the company's culture,
extensive resources for continued education and efforts to
influence social change. Dean was recognized as an Outstanding
Public Company CEO by OCTANE and received the EY Entrepreneur Of
The Year® 2017 Award in the Orange County Region.
Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties, including statements with respect
to our revenue and financial guidance for the third quarter of
2020, our ability to accelerate growth and value creation, the
market opportunity for our products and services, the impacts of
the CEO transition, 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: risks and uncertainties associated with the COVID-19
pandemic; our ability to effectively transition our chief executive
officer position; our ability to manage our growth effectively; our
ability to manage our talent base, particularly our sales force and
software engineers, and increase their productivity; our history of
losses; the rate of growth in the market for analytics products and
services; our dependence on our software platform for substantially
all of our revenue; our ability to attract new customers and expand
sales to existing customers; our ability to develop and release
product and service enhancements and new products and services to
respond to rapid technological change in a timely and
cost-effective manner; intense and increasing competition in our
market; our ability to develop, maintain, and enhance our brand and
reputation cost-effectively; our ability to establish and maintain
successful relationships with our channel partners; our dependence
on technology and data licensed to us by third parties; risks
associated with our international operations; litigation, and
related costs; security breaches; and other general market,
political, economic, and business conditions.
Additional risks and uncertainties that could affect our
financial results are included under the caption "Risk Factors" in
our most recent Annual Report on Form 10-K and Quarterly Report on
Form 10-Q, which are available on the "Investor Relations" page of
our website at https://investor.alteryx.com and on the SEC
website at www.sec.gov. Additional information will also be
set forth in our Quarterly Report on Form 10-Q for the quarter
ended September 30, 2020. All
forward-looking statements contained herein are based on
information available to us as of the date hereof and we do not
assume any obligation to update these statements as a result of new
information or future events.
About Alteryx, Inc.
As a leader in analytic process automation (APA), Alteryx
unifies analytics, data science and business process automation in
one, end-to-end platform to accelerate digital transformation.
Organizations of all sizes, all over the world, rely on the Alteryx
Analytic Process Automation Platform to deliver high-impact
business outcomes and the rapid upskilling of their modern
workforce. For more information visit 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.
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SOURCE Alteryx, Inc.