3 on a Wednesday: Altair, Dassault Systèmes, and Trimble all acquire tech tuck-ins

Sep 14, 2022 | Hot Topics

Venture funding may be drying up a bit, and valuations coming down just a little mean acquisition time. Three deals were announced in the last 40 hours or so:

Altair announced that it has signed a definitive agreement to acquire RapidMiner for its advanced data analytics and machine learning software. The company said that “RapidMiner’s low-code platform is used … to develop production-scale data pipelines and ML models, putting advanced data analytics into the hands of those who know the domain problems best. It provides hundreds of powerful, drag-and-drop building blocks to transform and augment data.” No details, but it sounds like the deal is not yet completed.

Dassault Systèmes has acquired Diota, developers of assembly assistance and quality control software solutions for manufacturing and operations. Diota’s “interactive 3D, AR, computer vision, AI, and deep learning connect back office engineering and on-site operations in charge of production and maintenance of manufactured products for greater productivity, improved product quality and enhanced workforce guidance and safety.” Diota’s solutions will be integrated into the 3D EXPERIENCE platform via DELMIA. No terms were made public.

Trimble said that it has acquired B2W Software, makers of estimating and operations solutions for the heavy civil construction industry. The statement says that “B2W’s comprehensive suite of pre-construction and operations capabilities will expand Trimble’s already extensive civil infrastructure portfolio and Trimble Construction One, a purpose-built connected construction management platform.” Financial terms were not disclosed.

What can we learn from this? Our PLMish universe is cash-rich and looking for acquired growth — in these cases, not acquired revenue since these are all small companies, but technology and expertise can help the acquirer get deeper into areas they see as having significant growth potential.