M&A Deal Summary

Altair Acquires OmniV

On July 27, 2023, Altair acquired software company OmniV from XLDyn

Acquisition Highlights
  • This is Altair’s 26th transaction in the Software sector.
  • This is Altair’s 13th transaction in the United States.
  • This is Altair’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2023-07-27
Target OmniV
Sector Software
Buyer(s) Altair
Sellers(s) XLDyn
Deal Type Divestiture

Target

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.

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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 36 of 40
Sector (Software) 26 of 28
Type (Divestiture) 5 of 5
State (Michigan) 2 of 2
Country (United States) 13 of 16
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 RapidMiner

Boston, Massachusetts, United States

RapidMiner advanced data analytics and machine learning (ML) software. RapidMiner provides hundreds of powerful, drag-and-drop building blocks to transform and augment data greatly accelerating work for coders and non-coders alike – and its flexible delivery models provide users and enterprises with the scale they need, from a user's desktop to on-premises servers to secure, multi-tenant cloud. RapidMiner was founded in 2006 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 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.

Buy -

Seller(S) 1

SELLER

XLDyn

Michigan, United States
Category Company
Sector Software
DESCRIPTION

XLDyn is a developer of model based systems engineering (MBSE) and one dimensional (1D) tools that use spreadsheets as the user interface. The company products include, XL1D: 1D dynamic systems simulation pre- and post-processor that currently supports the modelica solver and our proprietary solver plus XLSE: SysML modeler with systems engineering functionalities that is fully integrated with the 1D simulation. XLDyn is based in

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

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