Altair, a company listed on the NASDAQ stock exchange, has bought Cambridge Semantics. Cambridge Semantics is known for its advanced technology in organizing and analyzing data, especially through graphical representations. This technology helps companies build detailed maps of their data, which can be used for various purposes like analysis and decision-making.
Key Points:
- Acquisition: Altair, a company focused on analytics and data science, has acquired Cambridge Semantics. This means Altair now owns Cambridge Semantics and all its technology.
- Cambridge Semantics’ Technology: Cambridge Semantics is known for its data fabric technology, which uses graphs to represent and analyze data. This technology makes it easier and faster for companies to create comprehensive knowledge graphs, which are detailed maps of their data.
- Benefits of the Acquisition: Altair believes that acquiring Cambridge Semantics will enhance its capabilities in data warehousing, analytics, and data science. This means Altair’s team now has more expertise in managing and analyzing data throughout its lifecycle, from its creation to its practical use.
- Srikanth Mahalingam’s Statement: Srikanth Mahalingam, Altair’s Chief Technology Officer (CTO), expressed excitement about the acquisition. He highlighted that Cambridge Semantics’ expertise in data warehousing will complement Altair’s existing strengths in analytics and data science. This means the combined team will be better equipped to handle all aspects of data management and analysis, leading to more impactful insights and decisions.
Overall, Altair’s acquisition of Cambridge Semantics is aimed at strengthening its position in the data analytics market by integrating advanced data fabric technology into its existing suite of services.
About Altair
Altair, a global technology company that specializes in computational science, artificial intelligence (AI), and software solutions.
Altair was founded in 1985 and has been at the forefront of innovation ever since. Here’s what you need to know:
- Mission and Expertise:
- Altair’s mission is to change tomorrow, together. They achieve this by combining data science with rocket science, resulting in incredible advancements.
- Their technology is the result of rigorous application of science, math, and Altair. It’s not magic; it’s computational intelligence.
- Altair provides comprehensive, open-architecture solutions in the following areas:
- Simulation: Pioneering simulation-driven approaches across various disciplines, from structures to motion, fluids, thermal management, electromagnetics, and more.
- Artificial Intelligence (AI): Leveraging data analytics and AI to empower organizations and drive competitive advantages.
- High-Performance Computing (HPC): Offering scalable and powerful computing solutions, including cloud-based options.
- Data Analytics: Enabling modern, data-driven enterprises.
- Altair’s goal is to build better, more efficient, and more sustainable products and processes.
- “Only Forward”:
- Altair’s rallying cry is “Only Forward”. This encapsulates their commitment to always focus on the future, never content with staying in the present.
- They forge a better, smarter world by delivering tools and technology needed to make that world a reality.
- Cloud and HPC:
- Altair recognizes the benefits of moving to the cloud. It reduces IT management costs and provides scalability.
- Their cloud solutions empower organizations to reach new HPC heights, whether through the Altair One™ platform or turnkey HPC in the cloud.
- Joining the Journey:
- Altair invites everyone to join them in creating tomorrow’s world today.
- Whether you’re an engineer, scientist, or innovator, Altair’s technology can help you make a difference.
Summary
