Altair Engineering Inc. (ALTR)

Overview

Altair Engineering Inc., established in 1985 and headquartered in Troy, Michigan, operates on a global scale, offering a comprehensive suite of software and cloud solutions. These solutions span across simulation and design, high-performance computing (HPC), data analytics, and artificial intelligence (AI). Through its two main operational segments, Software and Client Engineering Services, Altair caters to a broad spectrum of industry needs, from automotive to aerospace, and serves a diverse clientele that includes universities, government agencies, manufacturers, and financial services. By integrating its advanced technologies, Altair aims to optimize design performance across multiple disciplines, thus empowering innovation and enhancing productivity.

Products and Services

• Solvers and Optimization Technology Products

  These products form the core of Altair's offerings, enabling users to solve complex engineering problems with greater efficiency. They support optimization across various design conditions, catering to sectors like automotive and aerospace for improved product performance and innovation.

• High-Performance Computing (HPC) Software Applications and Hardware

  Altair provides advanced HPC software applications and hardware that streamline the process of executing and managing large-scale computations, aiding industries in accelerating product development cycles and achieving more sophisticated simulation results.

• Modeling and Visualization Tools

  These tools offer sophisticated capabilities for creating and manipulating detailed 3D models, allowing for immersive visualization of simulation results. This aids designers and engineers in making informed decisions by visualizing complex data intuitively.

• Data Analytics and Analysis Products

  Altair's suite of data analytics products leverages big data and predictive analytics to transform data into actionable insights, fostering data-driven decision-making across sectors like finance, manufacturing, and healthcare.

• Internet of Things (IoT) Platform and Analytics Tools

  By providing IoT platform and analytics tools, Altair enables organizations to harness the power of IoT data, facilitating the development of smart products and services that enhance operational efficiency and create new revenue streams.

• Computational Fluid Dynamics and Fatigue

  These specialized software technologies aid in analyzing fluid flow and structural fatigue, crucial for industries such as automotive, marine, and aerospace to ensure product durability and compliance with safety standards.

• Manufacturing Process Simulation and Cost Estimation Software

  This software assists in simulating manufacturing processes and estimating costs effectively, enabling businesses to optimize production workflows and reduce expenses in industries like automobile and aerospace manufacturing.

• Software-related Services

  Complementing its software offerings, Altair also provides consulting, implementation, and training services. These services are designed to maximize the value clients derive from Altair's products, focusing on product design, development expertise, and lifecycle management.