Minitab Expands Portfolio with Simul8 Acquisition
Deal News | Dec 03, 2024 | MBM Commercial LLP
Minitab, a leading firm in data analysis and process improvement, has acquired Simul8 Corporation, a notable player in simulation software from Glasgow, Scotland. This acquisition is geared towards enhancing Minitab's comprehensive analytical solutions with the inclusion of Simul8's advanced simulation modeling software, which is renowned for its capabilities in discrete events simulation, digital twin, and process mining technology. Minitab's CEO, Jeff Slovin, highlighted the strategic synergy that Simul8 brings to their suite of offerings, enabling clients to model complex processes and scenarios for improved performance. This move illustrates Minitab's dedication to empowering organizations with robust analytics, optimizing operations, and refining strategic planning to drive efficiency and cost-saving measures.
Sectors
- Software & Technology
- Data Analytics
Geography
- United States – Minitab, the acquiring company, is based in the United States.
- United Kingdom (Scotland) – Simul8, the company being acquired, is based in Glasgow, Scotland.
Industry
- Software & Technology – The article involves companies that operate in the software and technology sector, focusing on data analysis, predictive analytics, and simulation software solutions.
- Data Analytics – Minitab specializes in data analysis and has acquired Simul8, which focuses on simulation modeling software, both of which are key areas in the data analytics industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Minitab LLC | Bidding Company | Company | Minitab is the acquiring company, a market leader in data analysis and process improvement. |
| Simul8 Corporation | Target Company | Company | Simul8 Corporation is the target of the acquisition, specializing in simulation software. |
| MBM Commercial LLP | Legal Advisor | Company | MBM Commercial LLP served as the legal advisor for Simul8 in the sale to Minitab. |
| Jeff Slovin | CEO | People | Jeff Slovin is the President & Chief Executive Officer of Minitab. |