• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

3D CAD World

Over 50,000 3D CAD Tips & Tutorials. 3D CAD News by applications and CAD industry news.

  • 3D CAD Package Tips
    • Alibre
    • Autodesk
    • Catia
    • Creo
    • Inventor
    • Onshape
    • Pro/Engineer
    • Siemens PLM
    • SolidWorks
    • SpaceClaim
  • CAD Hardware
  • CAD Industry News
    • Company News
      • Autodesk News
      • Catia News & Events
      • PTC News
      • Siemens PLM & Events
      • SolidWorks News & Events
      • SpaceClaim News
    • Rapid Prototyping
    • Simulation Software
  • Prototype Parts
  • User Forums
    • MCAD Central
    • 3D CAD Forums
    • Engineering Exchange
  • CAD Resources
    • 3D CAD Models
  • Videos

Altair Engineering completes acquisition of Datawatch Corporation

February 4, 2019 By WTWH Editor Leave a Comment

Altair Engineering Inc. announced that it has completed its previously announced acquisition of Datawatch Corporation (“Datawatch”). Datawatch provides data intelligence with market leading enterprise data preparation, predictive analytics and visualization solutions that fuel business analytics.

“We are very pleased to welcome the Datawatch team as our newest Altairians with the completion of this acquisition,” said James Scapa, Altair’s Founder, Chairman, and CEO. “With a shared vision around the convergence of simulation and data science, we believe Datawatch’s current and developing products and technologies can significantly enhance the value Altair delivers to our customers. We are well-positioned to execute on the new opportunities Datawatch provides us while building on their vibrant existing business.”

The acquisition of Datawatch was structured as a merger under Section 251(h) of the General Corporation Law of the State of Delaware following the successful completion of Altair’s previously announced tender offer to purchase all issued and outstanding shares of common stock of Datawatch for $13.10 per share in cash, without interest and less any applicable withholding taxes.

As a result of the merger, subject to certain potential exceptions provided for in the merger agreement, all remaining shares of Datawatch common stock not previously tendered into Altair’s tender offer were converted into the right to receive $13.10 per share in cash, without interest and less any applicable withholding taxes.

Datawatch has requested that Nasdaq Capital Market file a Form 25 with the United States Securities and Exchange Commission causing the delisting of Datawatch’s common stock from Nasdaq Capital Market. Altair expects that Datawatch’s common stock will cease trading as of the close of trading on December 13, 2018.

Altair
www.altair.com

Filed Under: Company News Tagged With: Altair

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

3D CAD NEWSLETTERS

MakePartsFast

Follow us on Twitter

Tweets by 3DCADWorld

Footer

3D CAD World logo

DESIGN WORLD NETWORK

Design World Online
The Robot Report
Coupling Tips
Motion Control Tips
Linear Motion Tips
Bearing Tips

3D CAD WORLD

  • Subscribe to our newsletter
  • Advertise with us
  • Contact us
Follow us on Twitter Add us on Facebook Add us on LinkedIn Add us on Instagram Add us on YouTube

3D CAD World - Copyright © 2021 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy