M&A Deal Summary

Altair Acquires Cambridge Semantics

On April 18, 2024, Altair acquired information technology company Cambridge Semantics

Acquisition Highlights
  • This is Altair’s 8th transaction in the Information Technology sector.
  • This is Altair’s 15th transaction in the United States.
  • This is Altair’s 4th transaction in Massachusetts.

M&A Deal Summary
Date 2024-04-18
Target Cambridge Semantics
Sector Information Technology
Buyer(s) Altair
Deal Type Add-on Acquisition

Target

Cambridge Semantics

Boston, Massachusetts, United States
website
Cambridge Semantics is a data fabric provider and creator of analytical graph databases. Cambridge Semantics' graph-powered data fabric technology accelerates the creation of comprehensive enterprise knowledge graphs, integrating the complex web of structured and unstructured enterprise data together into a single, simplified view. Cambridge Semantics was founded in 2007 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Altair

Troy, Michigan, United States

website

Category Company
Founded 1985
Sector Information Technology
Employees3,200
Revenue 572M USD (2022)
DESCRIPTION

Altair is a global technology company that provides software and cloud solutions in the areas of product development, high-performance computing (HPC) and data analytics. Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future. Altair was founded in 1985 and is based in Troy, Michigan.

DEAL STATS #
Overall 38 of 38
Sector (Information Technology) 8 of 8
Type (Add-on Acquisition) 33 of 33
State (Massachusetts) 4 of 4
Country (United States) 15 of 15
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 OmniQuest

Colorado Springs, Colorado, United States

OmniQuest is an optimization software company helps automotive oems, and automotive suppliers with everything from crash simulations to minimizing frame and body weight to meet café standards. OmniQuest is based in Colorado Springs, Colorado.

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