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Overview of Altair Engineeri
Altair Engineeri is a technologically advanced company specializing in simulation technology, engineering software, high‐performance computing (HPC), and data analytics solutions. With a robust pedigree in computational intelligence, the company provides an integrated software suite designed to optimize product design, process efficiency, and decision-making, making it an essential partner for industries focused on innovation and performance optimization.
Core Business and Capabilities
At the heart of Altair Engineeri's operations is its commitment to developing advanced simulation and modeling tools. Its integrated suite covers a broad range of functionalities including:
- Simulation & Modeling: Software tools that simulate physical phenomena across multiple disciplines such as structural behavior, fluid dynamics, thermal management, and system dynamics.
- Product Design & Optimization: Solutions that enable cross-disciplinary product design from concept to in-service operation by leveraging optimization engines and solvers.
- High-Performance Computing: Cloud-based and HPC solutions that facilitate complex simulations and data-intensive applications, ensuring faster time-to-insight and efficient resource management.
- Data Analytics and Artificial Intelligence: Platforms that integrate machine learning, generative AI, and advanced data visualization to transform raw data into actionable knowledge.
Business Model and Market Position
Altair Engineeri predominantly generates revenue through its software segment by offering enterprise-class engineering tools on a licensing basis. In addition, the firm provides client engineering services that support customers through implementation, consulting, and technical support. This dual-channel model reinforces its market position and caters to a broad customer base ranging from major corporations to innovative startups in diverse industries.
Industry Applications and Impact
The company's technology is widely applicable across several sectors. It is instrumental in:
- Automotive and Aerospace: Enhancing vehicle performance through simulation-based design and the development of lighter, more efficient components.
- Government and Defense: Providing robust simulation and data analytics tools to improve decision-making and operational readiness.
- Consumer Products and Life Sciences: Innovating product development cycles with rapid prototyping and optimization solutions.
- Financial Services and Energy: Facilitating data-driven approaches to risk management and operational efficiency through advanced analytics.
Technological Advancements and Collaborations
Altair Engineeri continues to drive innovation by adopting cutting-edge research in areas such as quantum computing for computational fluid dynamics (CFD) and integrating advanced simulation techniques with AI-powered automation. The company regularly collaborates with leading universities, technology partners, and industry specialists to remain at the forefront of engineering software development. These initiatives not only enhance its product portfolio but also establish its credibility and technical expertise in the competitive landscape.
Expertise and Operational Excellence
With a heritage spanning several decades, Altair Engineeri combines a deep understanding of physics, engineering, and computational methods to deliver solutions that are both innovative and reliable. The quality of its offerings is underpinned by rigorous methodologies, extensive testing, and continuous improvement practices. This comprehensive approach ensures that clients achieve a competitive advantage by transforming complex data and engineering challenges into streamlined, effective solutions.
Summary
Altair Engineeri is a pivotal enabler of digital transformation in engineering and design. By marrying simulation technology with data analytics, HPC, and AI, the company empowers organizations to optimize their product lifecycles, reduce development costs, and accelerate time-to-market. It stands as a trusted resource in the global technology and manufacturing ecosystem, offering tools that drive smarter decisions and facilitate innovative breakthroughs across multiple industries.
TROY, Mich., May 02, 2022 – Altair (Nasdaq: ALTR), a leader in computational science and AI, announced participation in upcoming investor conferences. James Scapa, chairman and CEO, and Matt Brown, CFO, will engage in fireside chats at the following events: 17th Annual Needham Technology & Media Conference on May 16, 2022, at 10:15 a.m. ET, and the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 25, 2022, at 2:30 p.m. ET. Live webcasts will be available on Altair's investor relations website.
Altair (Nasdaq: ALTR) announced the release of its latest software, Simulation 2022, enhancing capabilities in connectivity, AEC, and electronics design. The update includes advanced simulations for antennas and autonomous vehicle systems, improving efficiency and accuracy. Notable features encompass better 5G technology support, enhanced AEC tools compliant with global standards, and expanded functionalities for circuit board design. This release aims to foster sustainable development and innovation in engineering, supporting organizations in achieving smarter product outcomes.
Altair (Nasdaq: ALTR) will announce its first-quarter financial results for 2022 after the market closes on May 5, 2022. The management will hold a conference call at 5 p.m. ET to discuss the results and the outlook for the second quarter and the full year. A replay of the webcast will be available post-call. Altair specializes in computational science and AI, offering software and cloud solutions across various industries, aiming for enhanced decision-making and sustainability.
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.
Altair (Nasdaq: ALTR) reported a strong financial performance for 2021, with software product revenue growth of 15.8%, reaching $453.7 million. Total revenue for the year was $532.2 million, up from $469.9 million in 2020. Despite a net loss of $(8.8) million, adjusted EBITDA improved to $85.3 million. In Q4 2021, software product revenue increased to $122.4 million, while total revenue grew to $140.8 million. The company projects Q1 2022 software product revenue between $134.0 million and $137.0 million.
Altair (Nasdaq: ALTR) announced that its CEO James R. Scapa and CFO Matt Brown will present at the Berenberg Thematic Software Conference on March 1, 2022, at 12:00 p.m. EST. The presentation will be in a fireside chat format and will focus on the company’s advancements in computational science and artificial intelligence. A live webcast of the event will be available on Altair's investor relations website, allowing investors to stay informed about the company's strategic direction and industry insights.
Altair (Nasdaq: ALTR) announced the acquisition of Cassini, enhancing its Altair One platform aimed at Industry 4.0. This strategic move will improve digital thread solutions, allowing for streamlined product development and better management of product lifecycles. Cassini, led by Raghuram Tera, brings innovative cloud-native technology and a skilled team to Altair. The integration is expected to offer enhanced simulation capabilities and provide clients with a comprehensive view of digital activities, ultimately driving value for various engineering roles.
Altair (Nasdaq: ALTR) will release its financial results for Q4 and fiscal year 2021 on February 24, 2022, after market close. The management team will hold a conference call at 5 p.m. ET to discuss these results and provide an outlook for 2022. The event is accessible via a live webcast, and a recorded version will be available afterward on their investor relations website.
Altair (Nasdaq: ALTR) has opened submissions for the 2022 Enlighten Award, marking its tenth year of recognizing automotive sustainability innovations. This award, given in partnership with the Center for Automotive Research, showcases advancements in vehicle lifecycle decarbonization. Categories include Sustainable Product, Sustainable Process, and Enabling Technology. Notable past winners include GM, Ford, and Toyota. Submissions are due by May 31, 2022, with winners announced at the CAR Management Briefing Seminars on August 2, 2022.
Altair (Nasdaq: ALTR) has launched a free edition of Altair PollEx for Altium users, enhancing electronic system design capabilities for printed circuit board (PCB) designers. This tool integrates board-level simulation and design verification, significantly improving the predictability and manufacturability of PCB designs. The official announcement was made at AltiumLive on January 26, 2022, with Altair expressing excitement over expanding access to advanced simulation technology. Altair PollEx for Altium is positioned to accelerate design cycles and foster innovation among PCB designers.
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