Data management specialist Alteryx announced on Jan. 6 that it has signed a definitive agreement to acquire Trifacta, a cloud company that leverages scalable data management and machine learning to make data analysis faster and more intuitive. The acquisition will enable Alteryx to accelerate the development of an integrated end-to-end, low-code/no-code analytics automation platform in the cloud and will be for 400 million in cash, subject to customary purchase price adjustments. Alteryx will also initiate a $75 million retention pool to be granted in the form of restricted stock units to former Trifacta employees. The transaction is expected to close in the first quarter of 2022 and is subject to customary closing conditions. Until then, each company will continue to operate independently. Goldman Sachs is acting as exclusive financial advisor to Alteryx and JP Morgan is acting as exclusive financial advisor to Trifacta in connection with the transaction. On the legal side, Fenwick & West is advising Alteryx and Gunderson Dettmer is advising Trifacta.