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About Altair Engineering (NASDAQ: ALTR)
Altair Engineering Inc. is a global leader in computational intelligence, specializing in software and cloud solutions for simulation, high-performance computing (HPC), data analytics, and artificial intelligence (AI). With over 30 years of experience, the company empowers organizations across diverse industries to optimize designs, improve decision-making, and drive sustainable innovation. Altair’s integrated suite of software solutions enables end-to-end product lifecycle management, from concept design to in-service operation, ensuring superior performance and efficiency.
Core Business Areas
Altair operates through two primary segments:
- Software: This segment includes advanced tools for structural simulation, fluid dynamics, thermal management, system modeling, embedded systems, and data visualization. Flagship platforms like Altair® HyperWorks® and Altair® RapidMiner® integrate optimization, AI, and machine learning to address complex engineering challenges.
- Client Engineering Services: Altair provides specialized engineering support, enabling clients to address unique technical challenges and achieve project-specific goals.
The majority of Altair’s revenue is derived from its software segment, reflecting its strong position in enterprise-class engineering solutions.
Industry Applications
Altair serves over 5,000 corporate clients worldwide across industries including:
- Automotive: Lightweighting, structural optimization, and autonomous vehicle development.
- Aerospace: Advanced simulation for aircraft design, propulsion systems, and space exploration.
- Energy: Renewable energy optimization and grid efficiency solutions.
- Life Sciences: Medical device design and healthcare analytics.
- Financial Services: Predictive analytics and risk management.
Altair’s technology also supports emerging markets such as eVTOL (electric vertical takeoff and landing) and quantum computing, demonstrating its commitment to cutting-edge innovation.
Competitive Position and Differentiation
Altair distinguishes itself through its holistic approach to computational intelligence, integrating HPC, AI, and simulation into unified platforms. Key differentiators include:
- Innovation: Pioneering technologies like quantum computing for fluid dynamics and generative AI for automation systems.
- Sustainability: Solutions that enable greener designs, such as lightweight materials and energy-efficient manufacturing processes.
- Partnerships: Collaborations with industry leaders like LG Electronics, Siemens, and the European Space Agency (ESA) to drive transformative outcomes.
Altair’s flexible licensing model, Altair Units™, further enhances its appeal by offering scalable access to its extensive software portfolio.
Future Outlook
As industries increasingly adopt AI-driven solutions, Altair is well-positioned to capitalize on this trend. Its focus on sustainability, digital transformation, and next-generation technologies ensures its relevance in a rapidly evolving market. With a robust ecosystem of partners and a growing presence in high-growth sectors, Altair continues to drive innovation and deliver value to its stakeholders.
Why Altair Matters
Altair’s mission to bridge the gap between simulation, AI, and HPC makes it a cornerstone for organizations aiming to innovate and compete effectively. Its solutions not only enhance product performance but also contribute to a more connected and sustainable future, making Altair a key player in the global technology landscape.
Altair (Nasdaq: ALTR) will announce its third quarter financial results for the period ending September 30, 2022, on November 3, 2022, post-market close. A conference call will follow at 5 p.m. ET to discuss these results along with the fourth quarter and full-year 2022 outlook. Interested parties can access a recorded version of the webcast after the live session via the investor relations website.
Altair specializes in computational science and AI, providing innovative software and cloud solutions for various industries.
Altair (Nasdaq: ALTR) has launched a comprehensive digital twin solution that offers connected, cross-functional capabilities usable at any stage of a product lifecycle. This solution empowers organizations to design, develop, and optimize products efficiently, leveraging advanced technologies like AI, high-performance computing, and data analytics. Altair’s flexible, vendor-agnostic framework enables deployment on-site or via cloud, optimizing costs through a units-based licensing model. This initiative aims to democratize access to digital twin technology across diverse industries, enhancing collaboration and reducing silos.
Altair (Nasdaq: ALTR) has released its latest software update, Simulation 2022.1, designed to enhance sustainable product development. This update leverages advanced simulation, cloud-based computing, and optimization to foster cleaner product lifecycles. Key features include improvements in the Altair Material Data Center, OptiStruct, and HyperWorks tools, enabling companies to optimize designs while meeting regulatory and budget requirements. Notably, Radioss is now available as an open-source solver, promoting community collaboration for safer, greener innovations.
On September 16, 2022, Altair (Nasdaq: ALTR) announced the successful acquisition of RapidMiner, a prominent player in advanced data analytics and machine learning software. This acquisition enhances Altair's existing end-to-end data analytics portfolio by integrating RapidMiner's robust desktop and cloud platforms, thereby empowering clients to better understand and automate their data processes. Altair's strategic move positions the company for continued growth in computational science and artificial intelligence.
Altair has announced its flagship event, Future.Industry 2022, scheduled to feature renowned speakers discussing advances in computational science, AI, and data analytics. The event will showcase notable industry leaders and innovative trends across various technology sectors. Key presentations will include topics such as digital twin technology and smart manufacturing, featuring speakers from organizations like Lucid Motors and Google Cloud. Future.Industry will run live across multiple time zones, providing opportunities for interactive sessions and translations into several languages.
Altair (Nasdaq: ALTR) has announced the acquisition of RapidMiner, a leading platform in advanced data analytics and machine learning software. This strategic move aims to enhance Altair's data analytics portfolio, enabling businesses to leverage machine learning without needing extensive data science expertise. RapidMiner's low-code platform, used by over one million users, will complement Altair's existing offerings and strengthen its position in key sectors such as manufacturing and financial services. The integration aims to deliver a comprehensive, scalable analytics solution for enterprises.
Altair (Nasdaq: ALTR) has announced the global release of OpenRadioss, an open-source version of its proven finite element analysis (FEA) dynamic simulation code, Radioss. This initiative aims to accelerate innovation in industries facing multidisciplinary challenges such as climate change. With over 30 years of successful application in various sectors, OpenRadioss will allow users to modify and share code, thus fostering collaboration. The newly formed OpenRadioss Community will enhance capabilities and dissemination among academia and industry.
Altair (Nasdaq: ALTR), a leader in computational science and AI, announced that CEO James R. Scapa and CFO Matt Brown will participate in a fireside chat at the Rosenblatt 2nd Annual AI Conference on August 25, 2022, at 11:00 a.m. ET. The event will be available for live streaming and replay on Altair's investor relations website.
The company provides software and cloud solutions for simulation, high-performance computing, data analytics, and AI, helping organizations to achieve smarter decisions and sustainability goals.
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