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New Deal


Announced

Completed

Altair completed the acquisition of Cassini.

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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Cross Border

cloud technology

India

Private

Acquisition

Majority

Completed

Friendly

Single Bidder

Software

Synopsis

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Altair, a provider of computational science and artificial intelligence solutions, completed the acquisition of Cassini, a next-generation cloud native technology for Industry 4.0. Financial terms were not disclosed. "Led by visionary founder and industry veteran in both mechanical and electrical data management solutions, Raghuram Tera, Cassini brings innovative technology and an incredibly talented team to Altair. Upon integration, customers will have a comprehensive view of digital thread activities in the simulation portion of the PLM value chain, creating a differentiated journey and value for design engineers, simulation engineers, production engineers, engineering data scientists, and IT/ HPC administrators," James R. Scapa, Altair Founder and CEO.

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