About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Simulation Technology Specialist Acquires Datawatch for $176 Million

Subscribe to our newsletter

Troy, Michigan-based simulation technologies provider Altair has acquired data intelligence specialist Datawatch – along with its Panopticon visualization platform – for $176 million in cash. The move is aimed at bolstering Altair’s offerings in the generic data science and analytics segment, where Datawatch has strong offerings in data prep, data prediction, and real-time high-volume data visualization.

For capital markets users, Datawatch is probably best known for its Panopticon suite of visualization tools. Datawatch acquired Panopticon Software AB of Sweden in August 2013, and recently made Panopticon Streams widely available to Datawatch clients.

Altair plans to apply its patented licensing model to Datawatch’s product set, including Panopticon. According to Dave Simon, SVP of Corporate Talent and Communications at Altair, “The software licensing model is patented and unique — by purchasing a license, you have access to all the units in a portfolio. The average Altair customer uses fourteen pieces of software, so it’s very frictionless.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data platform modernisation: Best practice approaches for unifying data, real time data and automated processing

Financial institutions are evolving their data platform modernisation programmes, moving beyond data-for-cloud capabilities and increasingly towards artificial intelligence-readiness. This has shifted the data management focus in the direction of data unification, real-time delivery and automated governance. The drivers of this transition are improved operational efficiency as manual processes are replaced by faster, more accurate automated...

BLOG

Data Automator Xceptor Offers Platform Ready-Made for AI

Dan Reid is not surprised that Xceptor, the data automation giant he formed two decades ago, finds itself at the vanguard of a change in the way financial institutions regard and use documents. The rapid and accurate parsing of information from paper- and PDF-based reports has been made possible thanks to recent developments in artificial intelligence. The volume...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Corporate Actions 2009 Edition

Rather than detracting attention away from corporate actions automation projects, the financial crisis appears to have accentuated the importance of the vital nature of this data. Financial institutions are more aware than ever before of the impact that inaccurate corporate actions data has on their bottom lines as a result of the increased focus on...