Business

Mass. Movers

Datawatch surges after news of acquisition

Datawatch’s target markets include health care.
Jeff Barnard/Associated Press/2012
Datawatch’s target markets include health care.

Shares of Datawatch Corp., a Chelmsford company that develops business software for data analysis, surged Tuesday, a day after it reported that it has agreed to acquire Panopticon Software AB. Panopticon is privately held Swedish company that specializes in the delivery of real-time visual data-discovery solutions. The deal is valued at about $31.4 million. Completion of the transaction is subject to the approval of Datawatch’s stockholders.

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