Valued Datawatch Customers:
Earlier this week, Altair Engineering Inc. announced an agreement to acquire Datawatch. I am personally extremely excited about this transformative combination and look forward to sharing with you in the coming months more details on this transaction.
By way of background, Altair transforms design and decision making by applying simulation, machine learning and optimization throughout product lifecycles. Altair’s broad portfolio of simulation technology and patented units-based software licensing model enable Simulation-Driven Innovation™ for its customers. With more than 2,000 employees, Altair is headquartered in Troy, Michigan, USA and operates 71 offices throughout 24 countries. Altair serves more than 5,000 customers across broad industry segments. To learn more about Altair, please visit https://www.altair.com/.
We are excited at this opportunity to join forces with Altair and help transform the market while accelerating sales of our Monarch, Panopticon, and Angoss products. I feel great to be bringing our team into a company with such a strong culture of innovation and am confident that we are going to succeed in building business across our combined markets.
We intend to retain the valuable Datawatch product brands and elevate the market awareness around the combined company and our data intelligence solutions. We also expect to benefit greatly from the scale and investment capacity that Altair provides as a $380 million annual revenue company with a $2.3 billion market capitalization.
Below are a few Frequently Asked Questions that provide additional background on the acquisition. You can also review the conference call outlining the transaction and the opportunities it affords the combined entity that is posted on Altair’s investor relations website (https://investor.altair.com/events/event-details/altair-engineering-inc-conference-call).
Finally, feel free to reach out directly to me if you have any pressing questions.
Michael A. Morrison | President and Chief Executive Officer
E email@example.com | O 978.275.8205
4 Crosby Drive, Bedford, Massachusetts 01730 | www.datawatch.com
What does this acquisition mean?
Bringing Datawatch into Altair should result in a powerful offering consistent with Altair’s vision to transform product design and decision making by applying simulation, data science and optimization throughout product lifecycles. In addition, while Datawatch’s strength has been in markets such as financial services, healthcare and government, Altair’s focus is on manufacturing. We see a strong opportunity to cross-sell Datawatch products into Altair’s primarily manufacturing customers base.
How do Altair and Datawatch products fit together?
We see a convergence of simulation with the application of machine learning technology to live and historical sensor data as essential to creating better products, marketing them efficiently, and optimizing their in-service performance. The data analytics and data science markets are evolving rapidly to leverage many of the same technologies, such as high-performance computing and visualization, as we have been leveraging in simulation for years. Altair will now be able to provide it’s customers a broad solution offering under a compelling licensing model to meet all of their digitalization needs.
How does this impact Datawatch customers?
All of the Datawatch products are very much strategic to the future and growth of Altair and we will continue to invest in them. Customers can expect the products will only get better. New product and service offerings backed by increased sales and marketing investments will drive the Altair/Datawatch portfolio into the future.
What is the value to customers?
The data intelligence platform provided by Datawatch supports the data and analytics requirements of the entire organization, from business analysts, to data scientists, to line-of-business heads to IT/BI staff and Chief Data Officers. Data preparation, visualization and data science through a central data marketplace offers a complete solution unlike anything in the market today.
The acquisition by Altair provides Datawatch with the financial backing of a much larger, global organization with strong financials and a market cap of over $2B. Altair also has 71 offices throughout 24 countries worldwide, allowing us to better support our international and multi-national customers.
What will the organizational structure be for Datawatch within Altair?
When the deal officially closes, Datawatch will become part of the Altair business and function as a business unit of Altair for the near future.