Altair To Acquire All Outstanding Capital Stock Of Metrics Design Automation; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Altair has announced its intention to acquire all outstanding capital stock of Metrics Design Automation, a Canadian company specializing in simulation as a service (SaaS) for semiconductor electronic functional simulation and design verification. The terms of the deal were not disclosed.
July 01, 2024 | 11:03 am
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Altair is set to acquire Metrics Design Automation, a company known for its SaaS model in semiconductor simulation and design verification. This acquisition could enhance Altair's product offerings and market position in the semiconductor industry.
The acquisition of Metrics Design Automation by Altair is likely to strengthen Altair's position in the semiconductor industry by integrating Metrics' advanced SaaS capabilities. This strategic move could lead to enhanced product offerings and potentially increased market share.
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