Altair to Acquire RapidMiner, Continuing Expansion of Broad Data Analytics Portfolio

Key expertise extends attain and scale of knowledge analytics suite

TROY, Mich., Sept. 13, 2022 /PRNewswire/ — Altair (Nasdaq: ALTR), a worldwide chief in computational science and synthetic intelligence (AI), signed a definitive settlement to purchase RapidMiner, a pacesetter in superior knowledge analytics and machine studying (ML) software program.

RapidMiner’s low-code platform is utilized by a couple of million individuals of all talent ranges to develop production-scale knowledge pipelines and ML fashions, placing superior knowledge analytics into the arms of those that know the area issues finest. It offers a whole bunch of highly effective, drag-and-drop constructing blocks to remodel and increase knowledge – enormously accelerating work for coders and non-coders alike – and its versatile supply fashions present customers and enterprises with the size they want, from a consumer’s desktop to on-premises servers to safe, multi-tenant cloud.

“This acquisition significantly strengthens Altair’s end-to-end data analytics (DA) portfolio, which already offers customers the power to understand, transform, act on, and automate their data,” stated James R. Scapa, founder and chief govt officer, Altair. “Machine learning is becoming an essential part of business, but often the barriers to building ML models are too high to get started. Too much data, not enough data science expertise, and insecure or unscalable production environments can all keep a business from executing on their data analytics vision. That’s where RapidMiner can be transformative.”

RapidMiner’s cloud platform takes the perfect of RapidMiner desktop and provides the energy of the cloud, bringing further scale and governance to the low-code platform. This multi-tenant, SaaS-ready model allows organizations to ramp up their knowledge science workloads simply and safely.

RapidMiner resonates with customers within the knowledge analytics group due to its gifted, hands-on technical crew with a long time of expertise, led by founder and chief expertise officer Dr. Ingo Mierswa, who will be part of Altair. Under Mierswa’s management, RapidMiner pioneered the whole idea of visible, explainable knowledge science, and was the primary platform to introduce computerized knowledge science, textual content analytics, automated function engineering, deep studying, and extra.

“Altair and RapidMiner share the same vision to make data analytics simple enough for all users, but scalable, governed, and safe enough for all enterprises,” stated Mierswa. “We see this as an incredibly exciting opportunity to watch our solutions grow across the globe and expand into a larger, more powerful ecosystem.”

RapidMiner reinforces Altair’s DA market place in a number of verticals – particularly manufacturing and monetary providers – by means of {industry} experience and industry-specific ML methods and knowledge supply connections. Sitting subsequent to dozens of current Altair merchandise already in these verticals, RapidMiner presents an thrilling new providing for brand new and current clients who might be ready to entry current Altair and RapidMiner merchandise simply by means of Altair’s distinctive items licensing mannequin.

RapidMiner might be built-in with current instruments, akin to Altair Knowledge Studio, Altair SmartWorks, and Altair SLC, to present a complete, code-optional, multi-language, SaaS-ready, cloud-scale platform for enterprise knowledge analytics and knowledge science.

Altair is a worldwide chief in computational science and synthetic intelligence (AI) that gives software program and cloud options in simulation, high-performance computing (HPC), knowledge analytics, and AI. Altair allows organizations throughout all industries to compete extra successfully and drive smarter choices in an more and more linked world – all whereas making a greener, extra sustainable future. For extra data, go to https://www.altair.com/.

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