UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
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Emerging growth company
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Item 8.01 Other Events
As previously disclosed, Altair Engineering Inc. (“Altair”) entered into an Agreement and Plan of Merger, dated as of September 13, 2022, with RapidMiner, Inc., a Delaware corporation (“RapidMiner”), Rambler Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Altair (“Merger Sub”) and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the representative, agent and attorney-in-fact of RapidMiner’s equity owners. On September 16, 2022, Altair issued a press release announcing the completion of the acquisition of RapidMiner through the merger of Merger Sub with and into RapidMiner, with RapidMiner surviving as a wholly owned subsidiary of Altair. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report and incorporated herein by reference.
Item 9.01 Financial Statement and Exhibits.
| 99.1 | Press Release issued by Altair, dated September 16, 2022 announcing the consummation of the acquisition. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ALTAIR ENGINEERING INC. | ||||||
| Dated: September 16, 2022 | By: | /s/ Matthew Brown | ||||
| Name: Matthew Brown | ||||||
| Title: Chief Financial Officer | ||||||
Exhibit 99.1
Altair Announces Completion of Acquisition of RapidMiner
TROY, Mich., Sept. 16 2022 – Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), has completed the acquisition of RapidMiner, a leader in advanced data analytics and machine learning (ML) software.
RapidMiner’s well-established desktop platform and new-to-market cloud platform (multi-tenant and SaaS ready) strengthens Altair’s current end-to-end data analytics (DA) portfolio, which already offers customers the power to understand, transform, act on, and automate their data.
Altair is well positioned to execute on the newly acquired technology and continue to grow its existing business.
About Altair
Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. For more information, visit https://www.altair.com/.
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| Media contacts | ||
| Altair Corporate | Altair Investor Relations | |
| Jennifer Ristic | The Blueshirt Group | |
| +1.216.849.3109 | Monica Gould +1 212.871.3927 | |
| jristic@altair.com | ir@altair.com |
Altair Europe/The Middle East/Africa
Charlotte Hartmann
+49 7031 6208 0
emea-newsroom@altair.com
Document and Entity Information |
Sep. 16, 2022 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001701732 |
| Document Type | 8-K |
| Document Period End Date | Sep. 16, 2022 |
| Entity Registrant Name | Altair Engineering Inc. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-38263 |
| Entity Tax Identification Number | 38-2591828 |
| Entity Address, Address Line One | 1820 E. Big Beaver Road |
| Entity Address, City or Town | Troy |
| Entity Address, State or Province | MI |
| Entity Address, Postal Zip Code | 48083 |
| City Area Code | (248) |
| Local Phone Number | 614-2400 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Class A Common Stock $0.0001 par value per share |
| Trading Symbol | ALTR |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |