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  • Boyles Fire: Evacuations in effect for parts of Clearlake due to fire threatening structures

    Boyles Fire: Evacuations in effect for parts of Clearlake due to fire threatening structures

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    Boyles Fire: Evacuations in effect for parts of Clearlake due to fire threatening structures

    A vegetation fire in Clearlake is burning multiple structures and has prompted evacuation orders. Cal Fire said both air and ground crews have responded to Dam Road and Boyles Avenue. The fire has burned at least 76 acres so far. The Evacuation orders are for the following areas: East of State Route 53 between 32nd Avenue and Dam Road18th Avenue to 32nd Avenue East of Boyles AvenueEverything south of the 14th and Boyles Avenue intersectionAt least 30 structures are involved in the Fire in Lake County, according to Cal Fire | MORE |A 2024 guide for how to prepare for wildfires in CaliforniaHere are key websites that are important for all Californians during wildfire season.Cal Fire wildfire incidents: Cal Fire tracks its wildfire incidents here. You can sign up to receive text messages for Cal Fire updates on wildfires happening near your ZIP code here.Wildfires on federal land: Federal wildfire incidents are tracked here.Preparing for power outages: Ready.gov explains how to prepare for a power outage and what to do when returning from one here. Here is how to track and report PG&E power outages.Keeping informed when you’ve lost power and cellphone service: How to find a National Weather Service radio station near you.Be prepared for road closures: Download Caltrans’ QuickMap app or check the latest QuickMap road conditions here.

    A vegetation fire in Clearlake is burning multiple structures and has prompted evacuation orders.

    Cal Fire said both air and ground crews have responded to Dam Road and Boyles Avenue. The fire has burned at least 76 acres so far.

    The Evacuation orders are for the following areas:

    • East of State Route 53 between 32nd Avenue and Dam Road
    • 18th Avenue to 32nd Avenue East of Boyles Avenue
    • Everything south of the 14th and Boyles Avenue intersection

    At least 30 structures are involved in the Fire in Lake County, according to Cal Fire

    | MORE |A 2024 guide for how to prepare for wildfires in California

    Here are key websites that are important for all Californians during wildfire season.

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  • Clearlake and Insight reach $4.4B deal to take software maker Alteryx private | TechCrunch

    Clearlake and Insight reach $4.4B deal to take software maker Alteryx private | TechCrunch

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    Alteryx, an Irvine, California-based software company developing data science and analytics products, today announced that it’s agreed to be acquired by private equity firms Clearlake Capital Group and Insight Partners in a deal worth $4.4 billion.

    Clearlake and Insight reportedly beat out Symphony Technology Group, another private equity firm, which Reuters reported several days ago had been vying for Alteryx.

    The Clearlake-Insight deal, which includes debt, values Alteryx’s equity at around $3.46 billion, reports Reuters — a 29.1% premium over the company’s closing share price on Friday. It’s expected to close in the first half of 2024 subject to customary closing conditions and approvals.

    The immediate impact on Alteryx’s ~2,900 employees isn’t clear.

    “In addition to delivering significant and certain cash value to our stockholders, this transaction will provide increased working capital and industry expertise — and the flexibility as a private company,” Alteryx CEO Mark Anderson said in a statement. “Over the past several years, we’ve executed a comprehensive transformation strategy to enhance our go-to-market capabilities and establish a strong cloud and AI innovation roadmap. We’re excited to partner with Clearlake and Insight for the next stage of Alteryx’s journey.”

    SRC, the predecessor to Alteryx, was co-founded in 1997 by Dean Stoecker, Olivia Duane Adams and Ned Harding and initially focused on creating data engines for demographic-based mapping and reporting. In 2006, SRC released the software app Alteryx as a platform for building analytical processes and services. By 2011, SRC had changed its name to Alteryx, which by then had become its core product. 

    After raising tens of millions of dollars from VC firms including Toba Capital, Insight, Sapphire Ventures, ICONIQ Capital and Meritech Capital Partners, Alteryx went public on the NYSE in 2017.

    More recently, Alteryx transitioned to a subscription-focused business model — and greatly expanded its AI-powered feature offerings — as part of a strategy to tap into growing demand for data analytics services. According to the analyst firm Research and Markets, the big data analytics market could be worth $105.08 billion by 2027, up from $37.34 billion in 2018.

    Alteryx now counts more than 8,300 companies as its customers, including Coca-Cola, Vodafone, Walmart and Ford. In its coverage of the deal today, SiliconAngle notes that Alteryx generated $232 million in sales last fiscal quarter, up 8% from the same time a year ago, and that its annualized recurring revenue grew nearly three times as fast in the same time frame, jumping roughly 21% to $914 million.

    “When we founded Alteryx in 1997, we did so with a vision for the future of data science and analytics. Today, Alteryx stands out as an industry leader with a differentiated platform that scales data democratization in a governed manner,” Stoecker said. “Our agreement with Clearlake and Insight validates the strength of our business and the value of Alteryx’s capabilities and innovation.”

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    Kyle Wiggers

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