Altair To Acquire Rapidminer, Continuing Expansion Of Broad Data Analytics Portfolio

Sep 13, 2022•almost 3 years ago

Acquiring Company

Altair Engineering

Acquired Company

RapidMiner, Inc.

Troy

MassachusettsAerospaceSoftware

Description

Altair ( Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), signed a definitive agreement to acquire RapidMiner, a leader in advanced data analytics and machine learning (ML) software.

Company Information

Company

Altair Engineering

Location

1820 E. BIG BEAVER ROAD

Troy, Michigan, United States

About

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. The company offers a comprehensive suite of industry-leading products and has a strong presence in the big data and analytics space.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed