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New Deal


Announced

Altair Engineering to acquire World Programming.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United Kingdom

data analytics software

Acquisition

Pending

Single Bidder

software development

Software

Friendly

Cross Border

Private

Synopsis

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Altair Engineering, an American multinational information technology company headquartered in Troy, Michigan, agreed to acquire World Programming, a UK-based technology company specializing in data analytics software. Financial terms were not disclosed. "We are excited to integrate World Programming's exceptional team and technology into Altair and see this acquisition as a significant opportunity to help companies transition to hybrid architectures using modern, open technologies and languages while preserving, protecting, and leveraging the best elements of existing technology such as the SAS language," James R. Scapa, Altair Founder and CEO.

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