Altair to acquire data analytics firm RapidMiner

Sep. 13, 2022 4:12 PM ETAltair Engineering Inc. (ALTR)By: Jessica Kuruthukulangara, SA News Editor
  • Altair (NASDAQ:ALTR) said Tuesday it will acquire RapidMiner, an advanced data analytics and machine learning software provider.
  • Terms were not disclosed.
  • The acquisition extends the reach and scale of ALTR's data analytics suite.
  • RapidMiner reinforces ALTR's data analytics market position in several verticals, especially manufacturing and financial services.
  • RapidMiner's cloud platform will be integrated with existing tools, such as Altair Knowledge Studio, Altair SmartWorks, and Altair SLC.

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