Mergers & Acquisitions
By The Online Investor Staff, updated Sun., Sep. 20, 10:56 PM
| This Slide: #18 of 100 |
Slide #18. Altair — Ellexus
Acquirer:
Altair (NASDAQ:ALTR)
Acquiree:
Ellexus
Details:
Altair, (NASDAQ:ALTR) a global technology company providing solutions in data analytics, product development, and high-performance computing (HPC), today announced the acquisition of Ellexus, a leading input/output (I/O) analysis tool, which helps customers find and address issues quickly, improving speed accuracy and cloud readiness.
Altair Engineering is a technology company providing software and cloud solutions in the areas of product design and development, cloud computing, and data intelligence. Co.'s Software segment includes software and software related services. The software component of this segment includes its portfolio of software products including its solvers and optimization technology products. Co.'s client engineering services (CES), segment provides client engineering services to support its customers with long-term ongoing capability. Co. operates its CES business by hiring engineers for placement at a customer site for specific customer-directed assignments.
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