Altair Engineering to fortify its data science offering with acquisition of Cambridge Semantics
Acquiring Company
Altair
Acquired Company
Cambridge Semantics
TroyBostonSoftwareAerospaceManufacturingSoftwareDescription
Altair Engineering has announced the acquisition of Cambridge Semantics, a technology company known for its semantic graph database and knowledge graph technology. The strategic acquisition aims to enhance Altair's end-to-end data science offering and accelerate the adoption of Cambridge Semantics' technology through Altair's broad customer base and Altair RapidMiner business model.
Quick answer
Altair is acquiring Cambridge Semantics, announced April 19, 2024. Altair is based in Troy, Michigan, United States.
- How much did Altair pay for Cambridge Semantics?
- The deal value was not disclosed.
- What does Altair do?
- Altair Engineering, Inc. is a global technology company providing software and cloud solutions in the areas of product development, high-performance computing (HPC), and data analytics.
- Where are Altair and Cambridge Semantics based?
- Altair is based in Troy, Michigan, United States. Cambridge Semantics is based in Boston, Massachusetts, United States.
- Who are the decision-makers at Altair?
- Fundz holds 1 contact at Altair. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Cambridge Semantics?
Cambridge Semantics was acquired by Altair, based in Troy. The deal was reported on April 19, 2024. Altair Engineering, Inc. is a global technology company providing software and cloud solutions in the areas of product development, high-performance computing (HPC), and data analytics. Altair is privately held and operates in Software.
When did Altair acquire Cambridge Semantics?
Altair's acquisition of Cambridge Semantics was reported on April 19, 2024. Altair Engineering has announced the acquisition of Cambridge Semantics, a technology company known for its semantic graph database and knowledge graph technology. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Cambridge Semantics do?
Cambridge Semantics Inc. is a modern data management and enterprise analytics software company. It is privately held, operating in Manufacturing, and is based in Boston.
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