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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) announced its 2021 simulation software update, enhancing speeds, accuracy, and user experience. This release features improved solver technologies, fostering faster product performance simulations and expanded design tools for electronic systems, supporting 5G connectivity and complex product development. Noteworthy enhancements include better simulation for printed circuit boards, thermal analysis, and advanced modeling capabilities. These updates aim to benefit various industries, including automotive, aerospace, and healthcare, by facilitating the creation of smart, connected devices.
On February 4, 2021, Altair (Nasdaq: ALTR) announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2020, on February 25, 2021, after market close. The management will discuss these results along with the 2021 outlook in a conference call on February 26, 2021, at 8:30 a.m. ET. Investors can access a recorded version of the call post-event via Altair’s investor relations website.
Altair (Nasdaq: ALTR) announced that CEO James Scapa will present virtually at the Goldman Sachs 2021 Technology & Internet Conference on February 10, 2021, at 10:30 a.m. ET. The presentation will provide insights into Altair's software and cloud solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI). Investors can access a live webcast and replay on the company’s investor relations website.
Altair (Nasdaq: ALTR) has entered a memo of understanding (MoU) with Rolls-Royce Germany to integrate artificial intelligence (AI) with engineering processes. This collaboration aims to enhance engineering, testing, and design of aerospace engines, driving significant reductions in development time and costs. By leveraging Altair's Knowledge Works™ platform, engineers will apply machine learning to optimize data usage, potentially saving millions in recurring costs. The partnership underscores the growing demand for AI in engineering and aims to democratize data-driven decision-making.
Altair (Nasdaq: ALTR) has joined forces with Rolls-Royce Germany to leverage artificial intelligence (AI) and data analytics in aerospace engine engineering. This collaboration aims to reduce development time and costs while enhancing product performance and quality. Notably, the partnership will utilize Altair Knowledge Works™ for machine learning applications across various data sources. With potential savings of millions in recurring costs, this initiative signifies a key step in Rolls-Royce's digital transformation.
Toggled, a subsidiary of Altair (Nasdaq: ALTR), has launched its first Canadian distribution center in Vancouver, collaborating with Yorkland Controls, a leader in connected digital solutions. This partnership aims to enhance customer support for IoT-enabled lighting controls and direct-wire LED products in Canada. The initiative underscores a commitment to providing energy-efficient lighting solutions that are scalable and cost-effective. Toggled's offerings allow for seamless integration with existing building systems, promoting improved energy efficiency and advanced maintenance strategies.
Altair (NASDAQ: ALTR) announced that CEO James Scapa and CFO Howard Morof will present at the 23rd Annual Needham Growth Conference on January 13, 2021, at 10:45 a.m. ET. This presentation aims to showcase Altair's advancements in software and cloud solutions for simulation, data analytics, and high-performance computing (HPC). A live webcast and replay will be available on the company's investor relations website.
Altair (Nasdaq: ALTR) announced the appointment of Matthew Brown as senior vice president, effective January 1, 2021, and as chief financial officer (CFO) on March 16, 2021. He will succeed Howard Morof, who steps down to pursue other opportunities. Brown has extensive experience in finance, having held leadership positions at NortonLifeLock and Symantec. Altair reaffirms its guidance for Q4 and full year 2020 as stated in its previous earnings report.
Altair (NASDAQ: ALTR), a global technology company specializing in software and cloud solutions for simulation, data analytics, and high-performance computing, will present at the Berenberg European Conference on December 1, 2020, at 11:00 a.m. ET. James Scapa, CEO, and Howard Morof, CFO, are scheduled to speak. A live webcast and replay will be accessible on the company's investor relations website.
Altair aims to help organizations compete more effectively while promoting a sustainable future.
Altair (NASDAQ: ALTR) announces that CEO James Scapa and CFO Howard Morof will present at the RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference on November 18, 2020, at 9:35 a.m. ET. A live webcast and replay will be available on Altair's investor relations website. Altair specializes in software and cloud solutions in simulation and data analytics, aiming to help organizations compete effectively while fostering a sustainable future.
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