Altair Added to S&P MidCap 400

Rhea-AI Summary

Altair (Nasdaq: ALTR), a leader in computational intelligence, has been added to the S&P MidCap 400, effective June 24, 2024. This inclusion marks a significant milestone for Altair, demonstrating its steady growth and leadership in simulation and design, data analytics, AI, and high-performance computing. The S&P MidCap 400 index benchmarks mid-sized companies, highlighting their unique risk and return profiles. CEO James R. Scapa regards this achievement as a testament to Altair's strong market position.

Positive

• Inclusion in the S&P MidCap 400, enhancing visibility and credibility.
• Recognition of strong and steady growth.
• Acknowledgment of leadership in simulation, design, data analytics, AI, and high-performance computing.

Negative

• None.

TROY, Mich., June 20, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, was added to the S&P MidCap 400 by S&P Dow Jones Indices effective prior to the open of trading on Monday, June 24.

“Being added to the S&P 400 represents a significant milestone in Altair's journey as a public company,” said James R. Scapa, founder and chief executive officer, Altair. “It is a testament to our strong and steady growth and our demonstrated leadership in simulation and design, data analytics and AI, and high-performance computing.”

The S&P 400 serves as a benchmark for mid-sized companies. The index is designed to measure the performance of 400 mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment.

For more information about Altair, visit www.altair.com.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.

Media contacts
Altair Corporate Bridget Hagan +1.216.769.2658 corp-newsroom@altair.com	Altair Investor Relations Stephen Palmtag +1.669.328.9111 ir@altair.com
Altair Europe/The Middle East/Africa Charlotte Hartmann +49 7031 6208 0 emea-newsroom@altair.com

FAQ

When was Altair added to the S&P MidCap 400?

Altair was added to the S&P MidCap 400 on June 24, 2024.

What is the significance of Altair being added to the S&P MidCap 400?

Being added to the S&P MidCap 400 is a significant milestone that enhances Altair's visibility and credibility in the market.

What does the S&P MidCap 400 index represent?

The S&P MidCap 400 index benchmarks mid-sized companies, reflecting their unique risk and return characteristics.

What industries does Altair lead in?

Altair is a leader in simulation and design, data analytics, AI, and high-performance computing.

Who is the CEO of Altair?

James R. Scapa is the CEO of Altair.