Altair Expands Electronic System Design Technology with Acquisition of Powersim

Rhea-AI Summary

Altair (Nasdaq: ALTR) has acquired Powersim, specializing in simulation and design tools for power electronics. This strategic move enhances Altair's electronic system design capabilities, particularly in electric motor design. The acquisition includes Powersim's flagship product, PSIM, known for its rapid simulation speed and accurate system-level results. Powersim's technology aims to reduce development costs and time-to-market for various sectors including automotive and aerospace. The integration of Powersim's software into Altair's offerings is set to expand its market reach.

Positive

• Acquisition enhances Altair's capabilities in electronic system design.
• Powersim's PSIM software is expected to reduce development costs and time-to-market for clients.
• Potential expansion into automotive and aerospace sectors with Powersim's technology.

Negative

• None.

Proven technology and experienced technical team will amplify Altair's power electronics solutions

TROY, Mich., March 3, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Powersim, a market-leading provider of simulation and design tools for power electronics, including power supplies, motor drives, control systems, and microgrids. This acquisition expands Altair's electronic system design technology into the domain of power electronics.

"Powersim has established a powerful solution that has proven to reduce development costs and time-to-market for thousands of customers around the globe including major companies in the automotive, aerospace, consumer electronics, and industrial applications sectors," said James R. Scapa, founder and chief executive officer, Altair. "The addition of Powersim's technologies and experienced technical team, who has deep domain knowledge in power electronics, rounds out Altair's offerings for electric motor design and many other applications."

This acquisition includes PSIM, Powersim's flagship product for design and simulation of power electronics and motor drives. PSIM delivers unbeatable simulation speed while producing accurate system-level results, empowers easy implementation including embedded code generation and seamless adoption in any environment, and provides robust system-level design and simulation for various industrial applications.

"We are proud to have created a technology that has become a known brand in the market and leads the way in power electronics and motor drive simulation," said Dr. Hua Jin, president and founder, Powersim. "Joining Altair will allow us to further expand use of our technologies to more organizations looking to accelerate their electronic design."

Powersim's software will be integrated into Altair's Electronic System Design suite with strong connections to:

• Altair Flux and Altair FluxMotor for motor and controller design, leveraging Altair Activate and PollEx Spice for device, circuit, and system level simulations,
• Altair Embed for embedded code generation, and
• Altair SimLab for combined cooling/thermal analysis.

It will be available via Altair Units, which gives customers easy access to Altair's entire portfolio of software solutions.

Powersim is based in Rockville, Maryland.

About Altair
Altair is a global leader in computational science and artificial intelligence (AI) 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. For more information, visit https://www.altair.com/.

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SOURCE Altair

FAQ

What does Altair's acquisition of Powersim entail?

Altair acquired Powersim to enhance its electronic system design technology, specifically in power electronics.

How will the Powersim acquisition impact Altair (ALTR)?

The acquisition is expected to strengthen Altair's offerings, potentially leading to cost savings and faster product development.

When was the acquisition of Powersim by Altair announced?

The acquisition was announced on March 3, 2022.

What are the main products involved in the Altair and Powersim acquisition?

The main product involved is PSIM, a simulation tool widely used for power electronics and motor drives.

What benefits does Powersim's PSIM software provide?

PSIM delivers fast simulation speeds and accurate system-level results, improving development efficiency in various applications.