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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 acquisition of Ellexus, a top provider of I/O analysis tools, enhancing its HPC capabilities. The Ellexus products, Mistral and Breeze, will be integrated into Altair PBS Works™, improving I/O diagnostics for large enterprises. This acquisition expands Altair's reach in data analytics and modern workloads, supporting critical applications in AI and ADAS. Dr. Rosemary Francis, Ellexus's founder, will join Altair, further strengthening its technical expertise.
Altair (Nasdaq: ALTR) has announced the acquisition of Univa, a leader in enterprise-grade workload management and optimization solutions for high-performance computing (HPC) and artificial intelligence (AI). This strategic move aims to enhance Altair's capabilities in managing workloads across various industries, including life sciences and financial services. The integration of Univa's technology is expected to solidify Altair's leadership in the HPC space and improve service delivery for existing customers. Altair will invest further in Univa's products, particularly the Univa Grid Engine and Navops Launch, to optimize performance and reduce costs.
Altair (Nasdaq: ALTR) will host its 2020 Global Altair Technology Conference (ATC) virtually from October 5-7. The ATC connects industry experts to share innovations in data analytics, engineering, and computing, focusing on advancements in AI, robotics, and healthcare. Keynotes include leaders from Affectiva, Columbia University, and Zyrobotics. The conference promotes collaboration to help organizations adapt and thrive in a digital world. Registration is free, showcasing Altair's commitment to fostering innovation and education.
Altair (Nasdaq: ALTR) has renewed its OEM agreement with Hewlett Packard Enterprise (HPE), enhancing its Altair PBS Professional workload manager for HPE's HPC systems, including the HPE Apollo and Cray supercomputers. This collaboration aims to provide improved throughput, support for high-performance workloads, and optimized budget control. Altair's Chief Technology Officer emphasized the value delivered to HPC users through this partnership. The renewed commitment ensures immediate benefits from the latest PBS Professional functionalities.
Altair (NASDAQ: ALTR) announced that Howard Morof, CFO, and David Simon, CAO, will present virtually at the Deutsche Bank Technology Conference on September 14, 2020, at 10:05 a.m. ET. A live webcast and replay will be accessible on the company’s investor relations website. Altair is a global technology company specializing in software and cloud solutions for product design, high-performance computing, and data analytics, aiming to help organizations compete effectively and promote sustainability.
Altair (Nasdaq: ALTR) has joined the Avicenna Alliance, an international consortium dedicated to advancing healthcare through simulation technology. This partnership aims to enhance the development of new medicines and medical devices, making the process faster, more affordable, and ethically sound. Altair will apply its advanced simulation and data analytics expertise, promoting ‘in silico’ medicine while seeking global recognition for its advantages. The alliance, founded in 2016, fosters collaboration among industry, government, and academia to tackle the challenges of traditional pharmaceutical testing.
Altair (Nasdaq: ALTR) announced a significant update to its PBS Professional high-performance computing (HPC) workload manager, enhancing scheduling capabilities to increase throughput by up to tenfold. The update introduces a hierarchical scheduling system, enabling users to manage various workloads efficiently. Key features include massively high throughput scheduling, workload simulation, allocation management for budgeting, and cloud bursting via a user-friendly GUI. These advancements position PBS Professional to better meet the needs of dynamic operational environments.
Altair (Nasdaq: ALTR) announces the winners of the 2020 Altair Enlighten Awards, recognizing automotive innovations aimed at reducing vehicle weight and emissions. The awards highlight advances in lightweighting technologies, with winners including Harley Davidson, Toyota, and Mubea. Key achievements include a 90% reduction in mass for Harley's electric motorcycle and a 75% weight saving for Mubea's Tension Leaf Spring. The awards ceremony took place on August 4, 2020, showcasing Altair's commitment to sustainability and innovation in the automotive sector.
Altair (Nasdaq: ALTR), a global technology company, is set to release its second quarter 2020 financial results on August 6, 2020, post-market. The company will hold a conference call on August 7 at 8:30 a.m. ET to discuss these results. The call can be accessed live via phone or webcast and will include a recorded version available afterward. Altair specializes in software and cloud solutions across product development, high-performance computing, and data analytics, aiming to enhance organizational competitiveness and sustainability.
Altair (Nasdaq: ALTR) announced a multi-year technical partnership with Ducati Corse, enhancing the use of Altair's CAE software in Ducati's racing development. This partnership aims to give Ducati a competitive edge in MotoGP, where engineering precision is critical. The agreement focuses on key areas like aerodynamics and vehicle dynamics, allowing Ducati engineers to optimize designs efficiently. Altair's CEO emphasized the synergy between the two companies, aiming for innovation and excellence in motorcycle racing.
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