Data company Alteryx is considering putting itself up for sale to attract new investors. The stock market value of the company has almost halved within a year.

Reuters understands that Alteryx’s board is already in talks with an investment bank to explore the scope of an acquisition. The company primarily hopes to persuade private equity investors to buy shares. Interested investors can grab a bargain, as Alteryx’s market value has halved in the last 12 months. Alteryx is worth about $2.5 billion today.

That also explains why Alteryx wouldn’t resist an acquisition. The motto of the company is extract, transform and load. Companies use the company platform to prepare huge amounts of data for analysis. For this purpose, the Analytics Cloud Platform contains a whole range of business tools and possibilities.

However, Alteryx is losing competition from big names like Microsoft and Oracle. In May, the company launched an entirely new data platform powered by generative AI. Despite these efforts, the tide has not yet turned.

Sell ​​the skin dearly

Still, Alteryx seems to want to sell its skin dearly, in this case literally. According to Reuters sources, no offer has yet been made that meets the company’s wishes. Alteryx will therefore only accept the right price.

Insight Partners, which now owns 1.5 percent of the shares, would be interested in increasing its stake, but the company would not confirm this. The news of a possible takeover is already driving the share price up by fourteen percent.