A Hampshire-based analytics company has been snapped up by Nasdaq-listed Altair, a global leader in simulation and artificial intelligence.
World Programming, founded in 2000, has built a platform to support the development and execution of software solutions across multiple programming languages.
These languages, used widely in data science, include Python, R and the SAS.
Its software is used by many of the world’s leading companies, including financial services and insurance organisations. It has a customer base of approximately 500 enterprises.
“Customers want choice and integrating with Altair – an organisation with a trusted and reliable open-architecture philosophy – will give users easy access to technologies in a flexible and intuitive environment,” said Oliver Robinson, chief executive officer, World Programming.
“Altair will help to accelerate access to our solutions as we converge the modern world of best-in-class open-source technologies with the ability to support decades of investment in the SAS language.”
The acquisition will strengthen Altair’s foothold in several industries including financial services, insurance, healthcare, manufacturing, asset management, telecommunications, retail, energy and consumer products.
“We are excited to integrate World Programming’s exceptional team and technology into Altair and see this acquisition as a significant opportunity to help companies transition to hybrid architectures using modern, open technologies and languages while preserving, protecting, and leveraging the best elements of existing technology such as the SAS language,” said James R. Scapa, founder and chief executive officer of Altair.
“We believe World Programming’s solutions are highly advanced and proven to help customers compile and execute millions of models built using the SAS language while embracing modern languages and open-source technologies, allowing them to respond faster to market demands and gain new insights.”