M&A Deal Summary

Altair Acquires Solid Iris Technologies

On September 14, 2016, Altair acquired information technology company Solid Iris Technologies

Acquisition Highlights
  • This is Altair’s 2nd transaction in the Information Technology sector.
  • This is Altair’s 1st transaction in Greece.

M&A Deal Summary

Date 2016-09-14
Target Solid Iris Technologies
Sector Information Technology
Buyer(s) Altair
Deal Type Add-on Acquisition

Target

Solid Iris Technologies

Attiki, Greece
Solid Iris Technologies is a technology company specializing in photorealistic rendering and visualization, with its high-end solution "Thea Render."

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 11 of 40
Sector: Information Technology M&A 2 of 8
Type: Add-on Acquisition M&A Deals 10 of 35
Country: Greece M&A 1 of 1
Year: 2016 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 Mecalog Group

Antony, France

Mecalog Group is a developer of transient, nonlinear CAE technology to simulate safety-related performance as well as other impact events. The expanded Altair® HyperWorks® CAE technology suite now contains robust solver solutions for linear, nonlinear, fluid and fluid structure interaction, structural optimization and multi-body dynamics applications, while delivering best-in-class modeling, visualization and process automation solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 MODELiiS

France

MODELiiS is a provider of electronic design automation software for circuit modeling, system design and simulation tools based in Grenoble, France.

Buy -