Datawatch recently revealed that it has acquired Angoss Software, a data science platform provider based in Toronto. The acquisition will allow Datawatch to augment its existing product capabilities and add predictive and prescriptive analytics in a number of enterprise applications. The all-cash, $24.5 million dollar transaction, was completed on January 30th.
Datawatch offers several capabilities atop its flagship data preparation product, Datawatch Monarch. The platform is broken down further for users in enterprise settings and for those that wish to work on a web-based platform. Monarch Swarm offers self-service functionality, while Monarch Server scales to thousands of users and provides automation on repeatable processes.
Angoss data science tools are used by more than 300 organizations in 30 countries. The vendor offers modeling and validation solutions for machine learning for customer segmentation, customer churn, credit risk scoring, fraud detection, and more. Angoss was included amongst 16 key players in the data science platforms market by Gartner in its most recent Magic Quadrant report.
The merger greatly expands Datawatch’s marketability, as the data science space is considerably larger than the data preparation software sector. Not only is it bigger, but its growing at an exponential rate. Use of solutions that offer predictive capabilities are widespread in the enterprise, but Gartner believes the term data science is more appropriate since the users that typically operate predictive tools are data scientists.
Solutions Review included Datawatch as a Data Preparation Tools Vendor to Watch in 2018, an analysis of emerging solution providers in the BI and data analytics marketplace. Our methodology scores for inclusion in analyst research, product innovation, and venture capital funding.