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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.
Altair (Nasdaq: ALTR) has partnered with Hewlett Packard Enterprise (HPE) in a multi-year agreement to integrate Altair's high-performance computing (HPC) software suite with HPE's HPC systems. This collaboration aims to enhance next-generation supercomputing capabilities, featuring tools like Altair PBS Professional for efficient job scheduling and management. The partnership will provide users with access to advanced solutions tailored for complex HPC tasks, supporting fields such as modeling, machine learning, and deep learning, ultimately optimizing resource utilization and productivity.
Altair (Nasdaq: ALTR) announced that CEO James Scapa and CFO Matt Brown will present at the 24th Annual Needham Growth Conference on January 12, 2022, at 11:20 a.m. ET. The fireside chat will be available via a live webcast on the company’s investor relations website. Altair specializes in software and cloud solutions focused on simulation, high-performance computing (HPC), and artificial intelligence (AI), aiming to enhance competitiveness and sustainability across various industries.
Altair (Nasdaq: ALTR) has acquired World Programming, a UK-based firm specializing in data analytics software, enhancing its capabilities in modern languages and open-source technologies. This acquisition supports companies in transitioning to hybrid architectures while preserving the SAS language. World Programming's flagship product, WPS Analytics, enables execution of multi-language software solutions, helping approximately 500 global enterprise customers. This strategic move strengthens Altair's presence in various industries, including healthcare and finance, by providing an integrated data analytics solution.
Altair (Nasdaq: ALTR) announced the appointment of Sandy Carter to its board of directors. Carter, who brings over 20 years of experience from roles at Amazon Web Services and IBM, is expected to enhance Altair's global partnership and marketing strategies. Carter has a successful track record in generating business strategies that significantly increased partnership participation at AWS. She is recognized for her contributions to diversity and inclusion in tech. Her appointment aims to leverage her multidisciplinary expertise to further Altair's digital transformation initiatives.
Altair (Nasdaq: ALTR) announced that Argonne National Laboratory will implement Altair PBS Professional as its primary workload manager for the Polaris and Aurora supercomputers. This partnership aims to enhance scientific research efficiency and productivity in exascale computing. PBS Professional will replace the existing Cobalt workload manager, optimizing thousands of node hours for diverse tasks, including machine learning. In 2020, ALCF utilized over 100 million node hours for computing, significantly impacting fields such as cancer research and clean energy.
Altair (Nasdaq: ALTR) reported strong financial results for Q3 2021, with software product revenue rising by 16.5% to $102.3 million from $87.8 million in Q3 2020. Total revenue increased 14.0% to $121.3 million. The company's net loss improved to $8.1 million from $8.5 million year-over-year, with a diluted net loss per share of $0.11. Adjusted EBITDA grew 81.4% to $14.8 million, and non-GAAP net income surged 107.1% to $9.6 million. Altair raised its guidance for Q4 and full year 2021, projecting software product revenue of $437-440 million.
Altair (Nasdaq: ALTR) was recognized in Inc. magazine's 2021 Best-Led Companies list, marking its first award from the publication. The company was selected from over 10,000 midsize firms, categorized as those earning between $50 million and $2 billion annually. The selection criteria included performance, market penetration, talent, and leadership. Additionally, Altair was also honored in Newsweek's 100 Most Loved Companies list. CEO James R. Scapa emphasized the organization's culture of communication and innovation as key to its success.
Altair (Nasdaq: ALTR) has scheduled a virtual presentation at the RBC Global Technology, Internet, Media and Telecom Conference on November 17, 2021, at 1:20 p.m. ET. The session will feature CEO James Scapa and CFO Matt Brown in a fireside chat format. A live webcast and replay will be accessible on the company's investor relations website.
Altair specializes in software and cloud solutions focused on simulation, high-performance computing, and artificial intelligence, aiming to enhance organizational competitiveness and sustainability.
Altair (Nasdaq: ALTR) has relaunched its Startup Program, offering tailored technology packages to assist startups in utilizing simulation, HPC, and AI solutions. This initiative aims to foster innovation and reduce development costs, thereby enhancing competitiveness. The program includes four distinct packages: Smart Product Development, Data Intelligence, Cloud/HPC Starter, and Altair Unlimited Appliance on Oracle Cloud. Each package caters to specific startup needs, enabling access to critical technology and support for business growth.
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