Altair Engineering Acquires World Programming
<p><a href='https://financialmodelingprep.com/financial-summary/ALTR'>Altair Engineering Inc. (NASDAQ:ALTR) </a>made an announcement on Wednesday, according to which it has acquired the UK-based World Programming (WP). </p>
<p>The acquisition will significantly expand the company’s portfolio in the data analytics space and provide material cross-selling opportunity for the Altair Knowledge Works suite of products. </p>
<p>Analysts at Berenberg Bank believe that SAS-heavy legacy workloads are being slowly transitioned into other programming languages (such as R and Python) and WP’s World Programming System (WPS) software is a big enabler of the migration to the modern and hybrid data environments. The acquisition is material and the analysts believe it has potential to be accretive to Altair’s growth and margin profile. </p>

NASDAQ:ALTR