M&A Deal Summary

Altair Acquires Polliwog Co.

On October 10, 2019, Altair acquired software company Polliwog Co.

Acquisition Highlights
  • This is Altair’s 16th transaction in the Software sector.
  • This is Altair’s 1st transaction in South Korea.

M&A Deal Summary

Date 2019-10-10
Target Polliwog Co.
Sector Software
Buyer(s) Altair
Deal Type Add-on Acquisition

Target

Polliwog Co.

Gyeonggi-do, South Korea
Polliwog Co. Ltd. is a high-tech software company based near Seoul, providing EDA software to the rapidly growing electronics industry.

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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 21 of 40
Sector: Software M&A 16 of 28
Type: Add-on Acquisition M&A Deals 19 of 35
Country: South Korea M&A 1 of 2
Year: 2019 M&A 2 of 3
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 DEM Solutions

Edinburgh, United Kingdom

DEM Solutions Ltd. (EDEM) software is used for simulation and development of equipment that handles or processes bulk material and is based in Edinburgh, UK with offices in Japan, Korea, and the US.

Buy -