Datawatch Corporation Announces Agreement to be Acquired by Altair for $176M

Choate represented Datawatch Corporation (Nasdaq-CM: DWCH), a leading data intelligence software company, in its definitive merger agreement to be acquired by Altair (Nasdaq: ALTR), a machine learning and optimization provider. Under the terms, Altair will pay $13.10 per share in cash, representing a fully diluted equity value of approximately $176 million. The transaction is anticipated to close in the fourth quarter of 2018.

The combination of Datawatch and Altair results in a compelling offering that synergizes simulation, data science and machine learning technology. The acquisition will enable Altair to cross-sell Datawatch’s best-in-class data management and analytics solutions into its industrial and manufacturing customer base, using Altair’s proven subscription-based licensing model. There is also a meaningful opportunity to add value to Datawatch’s core customer segments, especially in financial services, by bringing relevant Altair products into these segments.