Shares of computer-analytics company Alteryx (AYX - Get Report) are up some 1.1% Friday after the firm announced the purchase of data-science software company Feature Labs, part of a bid to bolster AYX's machine-learning and artificial-intelligence operations.
Alteryx said in a statement that Feature Labs, co-founded by two Massachusetts Institute of Technology researchers, will help AYX "fill the data-science and machine-learning talent gap." Alteryx offers an end-to-end analytics platform for data analysts and scientists, while Feature Labs features data libraries with over 350,000 downloads.
AYX didn't say how much it paid for Feature Labs, but Alteryx CEO Dean Stoecker said the two firms share a "vision to help both data scientists and business analysts easily gain insight and understand the factors driving their business. ... Together, we are helping customers address the skills gap by putting more powerful advanced analytic capabilities directly into the hands of those responsible for making faster decisions and accelerating results."
Save 57% During Our Fall Sale. Join Jim Cramer's Action Alerts PLUS investment club to become a smarter investor. Click here to sign up and save!