RapidMiner’s desktop platform and cloud platform (multi-tenant and SaaS ready) strengthens Altair’s current end-to-end data analytics (DA) portfolio.
RapidMiner’s low-code platform is used by more than one million people of all skill levels to develop production-scale data pipelines and ML models and provides hundreds of powerful, drag-and-drop building blocks to transform and augment data, greatly accelerating work for coders and non-coders alike. Its flexible delivery models provide users and enterprises with the scale they need, from a user’s desktop to on-premises servers to secure, multi-tenant cloud.
“This acquisition significantly strengthens Altair’s end-to-end data analytics (DA) portfolio, which already offers customers the power to understand, transform, act on, and automate their data,” said James R. Scapa, founder and chief executive officer, Altair. “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.”
RapidMiner’s cloud platform offers a multi-tenant, SaaS-ready version that will enable organisations to ramp up their data science workloads easily and safely.
RapidMiner pioneered the entire concept of visual, explainable data science, and was the first platform to introduce automatic data science, text analytics, automated feature engineering, deep learning, and more.
“Altair and RapidMiner share the same vision to make data analytics simple enough for all users, but scalable, governed, and safe enough for all enterprises,” said Mierswa. “We see this as an incredibly exciting opportunity to watch our solutions grow across the globe and expand into a larger, more powerful ecosystem.”
The acquisition will reinforce Altair’s DA market position in several verticals – especially manufacturing and financial services – through industry expertise and industry-specific ML techniques and data source connections and customers will be able to access existing Altair and RapidMiner products easily through Altair’s unique units licensing model.
RapidMiner will be integrated with existing tools, such as Altair Knowledge Studio, Altair SmartWorks, and Altair SLC, to provide a comprehensive, code-optional, multi-language, SaaS-ready, cloud-scale platform for enterprise data analytics and data science.
