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: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline and modernise the trader desktop are gaining a tangible edge – both in speed...

BLOG

LSEG Collaborates with AWS to Support Real-Time Data Infrastructure

London Stock Exchange Group has announced a collaboration with Amazon Web Services aimed at modernising the infrastructure underpinning its real-time market data services, as part of a broader cloud transformation strategy. Under the collaboration, LSEG will leverage AWS services to support the collection, routing, and distribution of its Full Tick and Real-Time Optimized data, while...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

FATCA – The Time to Act is Now

The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year. But with the exception of a few modifications, the legislation remains in place and starts to comes into force in earnest...