Add-on Acquisition • Software

Altair Acquires SIMSOLID

On October 17, 2018, Altair acquired software company SIMSOLID

Acquisition Context
  • This is Altair’s 13th transaction in the Software sector.
  • This is Altair’s 1st transaction in Canada.
  • This is Altair’s 1st transaction in Ontario.

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M&A Deal Summary

Date October 17, 2018
Target SIMSOLID
Sector Software
Buyer(s) Altair
Deal Type Add-on Acquisition

Target Company

SIMSOLID

Mississauga, Ontario, Canada
SIMSOLID Corp. is developer of a structural analysis software design engineers. SIMSOLID was founded in 2015 and is based in Mississauga, Ontario.
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Buyer Overview 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 Context for Buyer #
Overall 18 of 40
Sector: Software 13 of 28
Type: Add-on Acquisition 16 of 35
State: Ontario 1 of 2
Country: Canada 1 of 3
Year: 2018 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 FluiDyna

Unterschleißheim, Germany

FluiDyna GmbH is a developer of NVIDIA CUDA and GPU-based Computational Fluid Dynamics (CFD) and numerical simulation technologies. FluiDyna GmbH was founded in 2006 and is based in Unterschleißheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Datawatch

Chelmsford, Massachusetts, United States

Datawatch Corp. is a provide of visual data discovery software that optimizes any data regardless of its variety, volume, or velocity delivering next generation analytics to reveal valuable insights for improving business.

Buy $176M