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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) 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.
Altair (NASDAQ: ALTR) reported strong third-quarter 2020 results with software product revenue increasing by 13% year-over-year to $87.8 million, representing 83% of total revenue of $106.5 million. The company's net loss decreased to $8.5 million, improving from a $15.9 million loss in Q3 2019. Adjusted EBITDA reached $8.2 million compared to a loss of $2.3 million in the prior year. The proactive cost management strategies positively impacted operating expenses. For Q4 2020, Altair forecasts total revenue between $112 million and $117 million, with software product revenue estimated at $95 million to $99 million.
Altair (Nasdaq: ALTR) announces the launch of Inspire Mold, an innovative solution for simulating injection molding, aimed at reducing costs and manufacturing delays in the $250 billion sector. This new tool empowers engineers to conduct faster design iterations, making cost-effective decisions early in the development process. Key features include an optimized user experience, access to materials data for 60 materials, and comprehensive end-to-end technology. Inspire Mold enhances decision-making and minimizes risks associated with defects, improving manufacturability and reducing scrap costs.
Altair (Nasdaq: ALTR) has launched the Altair Material Data Center, a comprehensive database designed for materials used in simulation, including metals, plastics, and composites. This database integrates with various major solvers and is developed to predict product performance efficiently. The initiative follows Altair's acquisition of M-Base, enhancing its resource offering in the plastics sector. The Material Data Center aims to support engineers and designers by providing detailed material information, thereby improving innovation and product lifecycle management.
Altair (Nasdaq: ALTR) has secured an agreement with the Luna Rossa Prada Pirelli team, becoming an official supplier for the 36th America’s Cup. Altair will provide advanced simulation software and engineering services to enhance the design and performance of the AC75 Luna Rossa sailboat.
Using Altair's solutions, the team optimized composite structures, achieving significant weight savings while maintaining structural efficiency. This partnership is expected to grant Luna Rossa a competitive edge in the upcoming race in Auckland.
Altair (Nasdaq: ALTR) will announce its third quarter 2020 financial results on November 5, 2020, after market close. A conference call to discuss the results is scheduled for November 6, 2020, at 8:30 a.m. ET. Investors can access the live call or its replay through the webcast on Altair’s investor website. This quarterly update will provide insights into Altair's performance in data analytics, simulation, and high-performance computing sectors, as the company aims to enhance its strategic position in the market.
Altair (Nasdaq: ALTR) announced the launch of Toggled's second-generation connected T8/T12 retrofit LED lamps, aiming to reduce maintenance needs and enhance functionality. These lamps, available in 2 ft., 3 ft., and 4 ft. sizes, include an internal light sensor for remote status verification and life expectancy predictions. The 4 ft. lamp features a light output increase to 2400 lumens. Toggled iQ technology integrates with existing building management systems, offering smart features like scheduling and occupancy detection.
Altair (Nasdaq: ALTR) has announced the acquisition of M-Base Engineering + Software GmbH, enhancing its offerings with the most comprehensive, high-fidelity plastics database available. This acquisition strengthens Altair’s position in material modeling, allowing for optimized product performance through advanced simulation techniques. M-Base provides extensive plastics material data, crucial for product development and adherence to international standards. Altair aims to leverage M-Base's capabilities to further improve design processes and material selection for engineers.
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