Minitab Acquires Simul8, Enhancing Analytical Solutions Portfolio
Deal News | Dec 05, 2024 | Globenewswire
Minitab, LLC, a prominent player in the field of data analysis and predictive analytics, has announced the acquisition of Simul8 Corporation, a leading simulation software firm based in Glasgow, Scotland. This acquisition enhances Minitab's global reach and reinforces its suite of comprehensive analytical solutions. By integrating Simul8's advanced simulation modeling software, Minitab aims to deepen clients' insights, optimize operations, and enhance strategic planning. Jeff Slovin, CEO of Minitab, emphasized that the acquisition aligns with their commitment to empower organizations to enhance efficiency and optimize process outcomes. Established over 50 years ago, Minitab has been a key player in enabling organizations to leverage data for performance enhancement, trend identification, and innovation. With this acquisition, Minitab is set to continue investing in Simul8's technology to drive innovation and deliver superior analytical capabilities worldwide.
Sectors
- Software & Technology
- Data Analytics
Geography
- United States – Minitab, the acquiring company, is based in State College, PA, USA.
- United Kingdom – Simul8, the acquired company, is headquartered in Glasgow, Scotland.
Industry
- Software & Technology – Minitab and Simul8 operate in the software industry, providing analytics and simulation technology solutions.
- Data Analytics – The analytical tools and software developed by Minitab focus on data analysis and predictive analytics, which fall under the data analytics industry.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Minitab, LLC | Acquiring Company | Company | Minitab is a market leader in data analysis, predictive analytics and continuous process improvement. |
Simul8 Corporation | Target Company | Company | Simul8 is a renowned simulation software company known for its advanced modeling technology. |
Jeff Slovin | President & Chief Executive Officer | Person | CEO of Minitab, leading the strategic acquisition of Simul8. |