M&A Deal Summary

Altair Acquires Research in Flight

On May 1, 2024, Altair acquired software company Research in Flight

Acquisition Highlights
  • This is Altair’s 28th transaction in the Software sector.
  • This is Altair’s 16th transaction in the United States.
  • This is Altair’s 1st transaction in Alabama.

M&A Deal Summary
Date 2024-05-01
Target Research in Flight
Sector Software
Buyer(s) Altair
Deal Type Add-on Acquisition

Target

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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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 39 of 40
Sector (Software) 28 of 28
Type (Add-on Acquisition) 34 of 35
State (Alabama) 1 of 1
Country (United States) 16 of 16
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 Cambridge Semantics

Boston, Massachusetts, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 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.

Buy -
Mergr

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