Global IT firm Altair has signed a definitive agreement to acquire RapidMiner, a leader in advanced data analytics and ML software. The acquisition is expected to strengthen the analytics firm's end-to-end data analytics (DA) portfolio.
James R. Scapa, founder and CEO at Altair said, “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.”
The low-code platform by RapidMiner is employed by numerous users to develop production-scale data pipelines and ML models.
Several powerful, drag-and-drop building blocks are provided by the platform to transform and augment data, with a flexible delivery model that provides users and enterprises with the needed scale. The SaaS-ready, multi-tenant version would enable organisations to ramp up their data science workloads in a much easier fashion.
According to the announcement, founder and president, RapidMiner, Dr Ingo Mierswa will be joining the Altair team. Under his leadership, RapidMiner pioneered the concept of visual and explainable data science—establishing it as one of the first platforms to introduce automatic data science, text analytics, and deep learning.
A global leader in computational science and AI, Altair enables organisations across all industries to compete more effectively and drive smarter decisions in order to create a sustainable future.
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