Altair to Buy Advanced Analytics Firm RapidMiner

In the US, computational science and artificial intelligence (AI) specialist Altair is to acquire advanced data analytics and machine learning (ML) software company RapidMiner. Terms of the deal have not been disclosed.

RapidMiner offers access to its enterprise-ready automated data science and text analytics platform, which supports all analytics users across the full AI lifecycle. The firm's low-code platform is used to develop production-scale data pipelines and ML models, and provides hundreds of drag-and-drop building blocks to transform and augment data.

As part of the deal, RapidMiner's founder and CTO Ingo Mierswa (pictured) will join Altair, and RapidMiner will be integrated with existing tools - such as Altair Knowledge Studio, Altair SmartWorks, and Altair SLC - to provide a code-optional, multi-language, SaaS-ready, cloud-scale platform for enterprise data analytics and data science.

Commenting on the acquisition, Mierswa said: '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. We see this as an incredibly exciting opportunity to watch our solutions grow across the globe and expand into a larger, more powerful ecosystem.'

Web sites: www.altair.com and www.rapidminer.com .