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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 release its financial results for Q2 2021 on August 5, 2021, after market close. Management will hold a conference call at 5:00 p.m. ET to discuss results and provide an outlook for Q3 and the full year. The call can be accessed via live audio webcast at investor.altair.com. A recorded version will be available post-call. This event marks a significant opportunity for investors to gauge the company’s performance in simulation, high-performance computing, and AI sectors.
Altair (Nasdaq: ALTR) announced the appointment of Shekar Ayyar to its board of directors, filling the vacancy left by Richard Hart's resignation. Ayyar, with over 25 years of experience in consulting and technology, previously held leadership roles at VMware and other tech firms. His expertise in scaling technology businesses is expected to contribute positively to Altair's growth strategy. Ayyar expressed enthusiasm for joining the board, citing Altair's innovative capabilities in simulation, HPC, and AI as key drivers for future success.
Altair (Nasdaq: ALTR) announced the launch of Altair SmartWorks, a next-generation cloud-native platform aimed at enhancing data-driven decision-making through AI and IoT. SmartWorks unifies analytics, is customizable, and offers a low-code environment enabling collaboration across teams. Key features include end-to-end data analytics, AI model training, and operationalizing machine learning at scale. The platform is designed for enterprise-grade challenges and provides flexibility in deployment. Its subscription-based model optimizes costs for users, addressing diverse business needs.
On June 2, 2021, Altair (Nasdaq: ALTR) elected Jim F. Anderson to its board of directors during the annual stockholder meeting. Anderson brings over 25 years of IT experience, currently serving as a managing director at Google Cloud and has previously held executive roles at major companies like Hewlett Packard and Cisco Systems. His expertise in scaling enterprise-level businesses is expected to enhance Altair’s strategic direction in simulation, high-performance computing, and AI. Anderson expressed excitement about contributing to Altair's growth.
Altair (Nasdaq: ALTR), a leading global technology firm focusing on simulation, high-performance computing (HPC), and artificial intelligence (AI), announced that CEO James Scapa and CFO Matt Brown will participate in a virtual fireside chat at the Berenberg 2021 Design Software Conference on June 15, 2021. The session is scheduled for 10 a.m. EDT / 3 p.m. BST. A live webcast and a replay will be available on Altair’s investor relations website.
Altair (Nasdaq: ALTR) announced on May 26, 2021, the release of advanced simulation solutions, including comprehensive computational fluid dynamics (CFD) and enhanced electronic system design (ESD) capabilities. Key updates comprise a single license for all major CFD tools, improved thermal management workflows, and zero-download simulation in the cloud via Altair One. The new offerings aim to streamline product development and enhance collaboration among engineering teams. Altair's cloud services ensure scalability and flexibility, supporting a range of applications across major cloud providers.
Altair (Nasdaq: ALTR) will host the Future.AI event from June 15-17, 2021, focusing on advancements in analytics and AI across various industries. The event aims to inspire leaders in manufacturing, banking, healthcare, and more by showcasing how data analytics can drive business success. Keynote speakers include experts from NVIDIA, Intel, and Google, with discussions on digital transformation strategies. Attendees will learn from industry leaders about operationalizing AI to enhance competitiveness.
Altair (Nasdaq: ALTR) has adjourned its 2021 Annual Meeting of Stockholders to allow shareholders more time to review a proposal to nominate Dr. Mary Boyce and Jim F. Anderson to its Board of Directors. The meeting is rescheduled for June 2, 2021, at 1:00 p.m. ET, accessible via a virtual platform. The record date for the meeting is March 25, 2021. Altair specializes in software and cloud solutions across simulation, high-performance computing, data analytics, and artificial intelligence, empowering organizations for competitive advantage.
Altair (Nasdaq: ALTR) announced the participation of James Scapa (CEO) and Matt Brown (CFO) in virtual fireside chats at two upcoming investor conferences. The events include the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 11 a.m. ET, and the William Blair Growth Stock Conference on June 2, 2021, at 10:20 a.m. ET. A live webcast and replay will be available on the company's investor relations website.
Altair specializes in simulation, high-performance computing, and artificial intelligence solutions, helping organizations in a connected world.
Altair (Nasdaq: ALTR) announced the general availability of Altair One, a cloud-integrated platform enhancing collaboration and accelerating project timelines. This platform unifies simulation, high-performance computing (HPC), and AI capabilities, enabling multidisciplinary teams to efficiently manage complex projects without in-house HPC infrastructure. Key features include scalable cloud resources, seamless workload migration, and AI-enabled analytics. Altair One promotes data-driven development, allowing users to easily provision resources across major cloud providers, significantly improving productivity and resource utilization.
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