Altair Engineering Inc. (NasdaqGS:ALTR) entered into an Agreement and Plan of Merger to acquire RapidMiner, Inc. from Shareholder Representative Services LLC for $100 million on September 13, 2022. Altair will merge Rapidminer in it's subsidiary Rambler Merger Sub Inc. and the subsidiary name will be changed to and RapidMiner, Inc. which will become a subsidiary of Altair. The closing of the transactions contemplated hereby shall take place remotely, via the exchange of documents and signatures, at 9:00 a.m. (a) on such date as shall be designated by Altair, provided that such date shall be within three Business Days following the date on which all conditions (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions at such time) to the obligations of the parties set forth has been satisfied by the obligated party or waived by the other parties hereto or (b) at such other time or date as Altair and RapidMiner may mutually agree upon in writing.

Lowenstein Sandler LLP acted as legal advisor to Altair Engineering Inc. Orrick Herrington & Sutcliffe LLP acted as legal advisor to RapidMiner, Inc. and Shareholder Representative Services LLC. Atlas Technology Group LLC acted as financial advisor to Altair Engineering.