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  6. Altair Acquires RapidMiner

M&A Deal Summary

Altair Acquires RapidMiner

On September 13, 2022, Altair acquired software company RapidMiner

Acquisition Highlights
  • This is Altair’s 25th transaction in the Software sector.
  • This is Altair’s 12th transaction in the United States.
  • This is Altair’s 3rd transaction in Massachusetts.

M&A Deal Summary
Date 2022-09-13
Target RapidMiner
Sector Software
Buyer(s) Altair
Deal Type Add-on Acquisition

Target

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.

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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 35 of 40
Sector: Software M&A 25 of 28
Type: Add-on Acquisition M&A Deals 31 of 35
State: Massachusetts M&A 3 of 4
Country: United States M&A 12 of 16
Year: 2022 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 Concept Engineering

Freiburg, Germany

Concept Engineering is a provider of electronic system visualization software that accelerates the development, manufacture, and service of complex electrical and electronic systems. The company provides automatic schematic generation tools, electronic circuit, and wire harness visualization platforms that provide on-the-fly visual rendering, and electronic design debug solutions. Its electronic system visualization and semiconductor design debug technology is available as a standalone solution and is also tightly integrated into more than 40 OEM design automation (EDA) and CAD tools to provide end-users with smart debugging functionality while saving months of engineering time and support for computer-aided tool development teams. Concept Engineering is based in Freiburg, Germany.

Buy -
FOLLOWING 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.

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