• Allinea Software Ltd acquired by ARM

    BUSINESS SALE

Allinea, a leading provider of software tools for HPC, has been acquired by ARM Ltd.

Allinea is an industry leader in development and performance analysis tools that maximize the efficiency of software for high performance computing (HPC) systems.

ARM’s advanced, energy-efficient processor designs are enabling the intelligence in 90 billion silicon chips and securely powering products from the sensor to the smartphone to the supercomputer.

The acquisition of Allinea strengthens ARM’s HPC offering by extending its product portfolio for development tools to HPC, machine learning and data analytics markets. Allinea will be integrated into the ARM business with all functions and Allinea’s Warwick and Eastleigh locations retained, and ARM will continue to develop, enhance, and invest in Allinea products with support for multiple CPU architectures.

Acuity advised Allinea’s shareholders throughout the process, with Matthew Byatt leading:

“It’s been a privilege to act as advisor to Allinea and its shareholders, for whom we were determined to achieve this great result. We were able to put our expertise into practice throughout and we are proud of what has been achieved. Allinea is an exciting company with a strong future – I am confident their software technology will benefit ARM as systems and servers grow in complexity and AI, Deep Learning and HPC all become mainstream.”

Paul Rivers-Latham, Allinea’s Chairman, said “We are delighted with the outcome. Matthew, Marcus and the Acuity team were instrumental in achieving this result – it was their creativity in terms of positioning the business, coupled with tenacity and determination that enabled us to achieve an excellent result. I have no hesitation in recommending Acuity for a mid-market technology M&A deal.”

Acuity worked closely with Allinea’s legal team at Mills & Reeve LLP, led by Anthony McGurk and Junaid Haroon.

“We are delighted with the outcome. Matthew, Marcus and the Acuity team were instrumental in achieving this result – it was their creativity in terms of positioning the business, coupled with tenacity and determination that enabled us to achieve an excellent result. I have no hesitation in recommending Acuity for a mid-market technology M&A deal.”

PAUL RIVERS-LATHAM | Chairman
Allinea

Matthew is a Co-Founder and Managing Partner at Acuity and leads the Acuity Advisors’ Deeptech practice.

Matthew has held senior leadership and corporate finance positions with some of the UK’s most successful and influential technology and consultancy companies. Roles with ARM, McKinsey and Cadence have given Matthew an exceptional insight into the world’s most successful businesses and a number of the UK’s eminent start-ups, underpinning his success at Acuity.

Matthew has considerable experience across a broad range of technology sectors throughout the UK, US and Asia, ranging from nanotechnology, semiconductor and cleantech to digital media and internet businesses. It’s experience that has given him a robust, well-developed and international network. Having also run and successfully exited his own business, Matthew has a deep understanding of the financial and emotional aspects of this demanding process, bringing a unique and authoritative perspective to each business sale.

One of Matthew’s strengths is understanding complex technical value propositions, one of the benefits of training as an electronic engineer. He gets to the heart of what drives a company’s value and communicates this persuasively to potential buyers and investors. Matthew understands a buyer’s motivation intuitively and delivers a compelling rationale for why a business sale should be of strategic interest. His insight consistently yields higher deal values and results in great successes for his clients.

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