Altair Acquires Metrics Design Automation Inc.
July 1, 2024
Altair has entered into a definitive agreement to acquire all outstanding capital stock of Metrics Design Automation Inc., a Canadian provider of cloud-native simulation-as-a-service (DSim) for electronic design automation (EDA). The acquisition adds cloud-based digital simulation and scalable design verification capabilities to Altair's Altair One platform, expanding its EDA and semiconductor software offerings; closing is subject to customary conditions.
- Buyers
- Altair
- Targets
- Metrics Design Automation Inc.
- Industry
- Cloud & SaaS
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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