September 20, 2022
Altair has signed a definitive agreement to acquire RapidMiner, a company in advanced data analytics and machine learning (ML) software.
RapidMiner's low-code platform is used to develop production-scale data pipelines and ML models. It provides hundreds of drag-and-drop building blocks to transform and augment data and its delivery models provide users and enterprises with the scale they need, from a user's desktop to on-premises servers to secure, multi-tenant cloud.
“This acquisition significantly strengthens Altair's end-to-end data analytics (DA) portfolio, which already offers customers the power to understand, transform, act on, and automate their data,” says James R. Scapa, founder and chief executive officer, Altair. “Machine learning is becoming an essential part of business, but often the barriers to building ML models are too high to get started. Too much data, not enough data science expertise, and insecure or unscalable production environments can all keep a business from executing on their data analytics vision. That's where RapidMiner can be transformative.”
RapidMiner's cloud platform takes the best of RapidMiner desktop and adds thecloud, bringing additional scale and governance to the low-code platform. This multi-tenant, software-as-a-service ready version enables organizations to ramp up their data science workloads.
RapidMiner has a technical team with decades of experience, led by founder and chief technology officer Dr. Ingo Mierswa, who will join Altair. Under Mierswa's leadership, RapidMiner pioneered the concept of visual, explainable data science, and helped introduce automatic data science, text analytics, automated feature engineering, deep learning, according to Altair.
“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,” says Mierswa. “We see this as an incredibly exciting opportunity to watch our solutions grow across the globe and expand into a larger, more powerful ecosystem.”
RapidMiner presents a new offering for new and existing customers who can now access existing Altair and RapidMiner products through Altair's units licensing model.
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.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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