M&A Deal Summary

Altair Acquires Metrics Design Automation

On July 1, 2024, Altair acquired internet software and services company Metrics Design Automation

Acquisition Highlights
  • This is Altair’s 3rd transaction in the Internet Software and Services sector.
  • This is Altair’s 3rd transaction in Canada.
  • This is Altair’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2024-07-01
Target Metrics Design Automation
Sector Internet Software and Services
Buyer(s) Altair
Deal Type Add-on Acquisition

Target

Metrics Design Automation

Ottawa, Ontario, Canada
Metrics Design Automation is a simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification. Metrics Design Automation is based in Ottawa, Ontario.

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Buyer(S) 1

Buyer

Altair

Troy, Michigan, United States
Category Company
Founded 1985
Sector Information Technology
Employees3,400
Revenue 613M USD (2023)
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 40 of 40
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 35 of 35
State (Ontario) 2 of 2
Country (Canada) 3 of 3
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 Research in Flight

Auburn, Alabama, United States

Research in Flight is a manufacturer of FlightStream®, which provides computational fluid dynamics (CFD) software with a large footprint in the aerospace and defense sector and a growing presence in marine, energy, turbomachinery, and automotive applications. Research in Flight was founded in 2012 and is based in Auburn, Alabama.

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