M&A Deal Summary

Altair Acquires Datawatch

On November 5, 2018, Altair acquired software company Datawatch for 176M USD

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

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

Target

Datawatch

Chelmsford, Massachusetts, United States
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

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, and data analytics. Altair was founded in 1985 and is based in Troy, Michigan.

DEAL STATS #
Overall 19 of 40
Sector (Software) 14 of 28
Type (Add-on Acquisition) 17 of 35
State (Massachusetts) 2 of 4
Country (United States) 7 of 16
Year (2018) 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 SIMSOLID

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.

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