M&A Deal Summary

Altair Engineering Acquires Datawatch

On November 5, 2018, Altair Engineering, Inc. acquired software company Datawatch Corp. for 176M USD

Acquisition Highlights
  • This is Altair Engineering’s 14th transaction in the Software sector.
  • This is Altair Engineering’s 1st largest (disclosed) transaction.
  • This is Altair Engineering’s 7th transaction in the United States.
  • This is Altair Engineering’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2018-11-05
Target Datawatch Corp.
Sector Software
Buyer(s) Altair Engineering, Inc.
Deal Type Add-on Acquisition
Deal Value 176M USD
Advisor(s) GCA Altium Ltd. (Financial)

Target

Datawatch Corp.

Chelmsford, Massachusetts, United States
website
Datawatch Corp. is a provide of visual data discovery software that optimizes any data regardless of its variety, volume, or velocity delivering next generation analytics to reveal valuable insights for improving business.

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Buyer(S) 1

Buyer

Altair Engineering, Inc.

Troy, Michigan, United States

website


Category Company
Founded 1985
SectorInformation Technology
Employees3,050
Revenue 532M USD (2021)
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 19 of 33
Sector (Software) 14 of 23
Type (Add-on Acquisition) 17 of 30
State (Massachusetts) 2 of 2
Country (United States) 7 of 11
Year (2018) 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 SIMSOLID Corp.

Mississauga, Ontario, Canada

SIMSOLID Corp. is developer of a structural analysis software design engineers. SIMSOLID was founded in 2015 and is based in Mississauga, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 TES International

Troy, Michigan, United States

TES International provides cross-industry software solutions for thermal design and packaging, custom programming, general heat transfer, stress and vibration analysis, and computational fluid dynamics (CFD). TES International's main CFD software, ElectroFlo, is an electronics cooling package designed for high power-density applications.

Buy -