M&A Deal Summary

Altair Acquires OmniQuest

On October 2, 2023, Altair acquired software company OmniQuest

Acquisition Highlights
  • This is Altair’s 27th transaction in the Software sector.
  • This is Altair’s 14th transaction in the United States.
  • This is Altair’s 1st transaction in Colorado.

M&A Deal Summary
Date 2023-10-02
Target OmniQuest
Sector Software
Buyer(s) Altair
Deal Type Add-on Acquisition

Target

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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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 37 of 40
Sector (Software) 27 of 28
Type (Add-on Acquisition) 32 of 35
State (Colorado) 1 of 1
Country (United States) 14 of 16
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-27 OmniV

Michigan, United States

OmniV provides an open model-based systems engineering (MBSE) practice across systems, simulation, test, product development, and controls engineering by formalizing the development, integration, and use of models to inform enterprise and program decision-making. OmniV is based in Michigan.

Buy -
FOLLOWING 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.

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