Altair Earns ISO/IEC27001:2022 Certification for Global Operations

Rhea-AI Summary

Altair, a leader in computational intelligence, has achieved the ISO/IEC27001:2022 certification, showcasing its commitment to global information security. This certification, audited against the latest frameworks by ISO and IEC, marks a significant milestone for Altair. The certification underscores Altair's dedication to adhering to the highest international security standards, important for enterprise-level clients. Jeff Marraccini, Altair's CISO, emphasized that this achievement is the result of years of effort and investment by their global security teams. The certification covers various modern security requirements, including web filtering, cloud security, and threat intelligence, enhancing Altair's operational excellence and cyber-resilience.

Positive

• ISO/IEC27001:2022 certification achieved, demonstrating Altair's commitment to global information security.
• Certification marks Altair's adherence to the latest international security standards.
• Years of effort and investment from Altair's global security teams culminated in this achievement.
• Certification includes compliance with modern security requirements like web filtering, cloud security, and threat intelligence.
• Enhanced operational excellence and cyber-resilience for Altair.

Negative

• The press release does not mention any direct financial benefits or immediate ROI from the certification.
• No details on the costs associated with achieving and maintaining the ISO/IEC27001:2022 certification.
• Potential investor concerns about the long-term financial impact of continuous adherence to stringent security standards.

Certification cements Altair's commitment to global information security

TROY, Mich., May 15, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has earned the ISO/IEC27001:2022 – an information security management system (ISMS) certification – externally audited against the frameworks set by the International Organization for Standardization (ISO) and International Electrotechnical Commission (IEC). The certification for the 2022 framework solidifies Altair's status as an international leader in information security and solidifies its commitment to following the latest global information security frameworks.

"Altair's focus on achieving global accreditation is unique even among the world's most prominent technology organizations. Earning this certification is a monumental achievement and represents the culmination of years of hard work and investment from our global security teams," said Jeff Marraccini, chief information security officer, Altair. "This is a massive step for Altair especially for our enterprise-level customers, where having ISMS certification is becoming more important. In a world where the security boundaries between client and vendor are blurring, an ISMS demonstrates Altair's commitment to information security. This will open many new doors for us."

According to the ISO, "Conformity with ISO/IEC 27001 means that an organization or business has put in place a system to manage risks related to the security of data owned or handled by the company, and that this system respects all the best practices and principles enshrined in this International Standard. An information security management system implemented according to this standard is a tool for risk management, cyber-resilience, and operational excellence."

Holding this certification verifies that Altair complies with modern security requirements including web filtering, cloud security, threat intelligence, hybrid and remote work, and more. It also consists of the people, processes, and technology providing security controls supporting Altair's business operations in software engineering, sales, technical support, human resources, and enterprise applications development.

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	Altair Investor Relations
Bridget Hagan	Stephen Palmtag
+1.216.769.2658	+1.669.328.9111
corp-newsroom@altair.com	ir@altair.com

Altair Europe/The Middle East/Africa

Charlotte Hartmann

+49 7031 6208 0

emea-newsroom@altair.com

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SOURCE Altair

FAQ

What is the significance of Altair's ISO/IEC 27001:2022 certification?

Altair's ISO/IEC 27001:2022 certification signifies its commitment to global information security by adhering to the latest international standards.

How does Altair's ISO/IEC 27001:2022 certification impact its business?

The certification enhances Altair's operational excellence, cyber-resilience, and strengthens its position with enterprise-level customers.

What areas are covered by Altair's ISO/IEC 27001:2022 certification?

The certification covers web filtering, cloud security, threat intelligence, hybrid and remote work, and more.

What does ISO/IEC 27001:2022 certification mean for Altair's clients?

For Altair's clients, the certification ensures that Altair has a robust system to manage data security risks, adhering to best practices and international standards.

What is the stock symbol for Altair?

The stock symbol for Altair is ALTR.