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| Public | |
| Traded as | NASDAQ: ALTR (Class A) Russell 2000 Component |
|---|---|
| Industry | CAESoftware, Product Design and DevelopmentServices, and Grid Computing |
| Founded | 1985 |
| Founders | James R. Scapa |
| Headquarters | Troy, Michigan, United States |
Key people | James R. Scapa, Chairman and CEO Howard Morof, CFO Brett Chouinard, President/COO |
| Products | See complete products listing. |
| Revenue | US$333.33 million (2017)[1] |
| Total assets | US$287.87 million (2017)[1] |
| 2,000+ (2017)[2] | |
| Website | www.altair.com |
Altair Engineering Inc. is an Americanmultinationalinformation technology company headquartered in Troy, Michigan. They provide product design and engineering solutions, enterprise services and cloud computing. Altair was founded by James R Scapa, George Christ, and Mark Kistner in 1985. As of 2017, the company has more than 2000 employees in 71 offices across 24 countries.[2]
Altair Engineering is the creator of the HyperWorks suite of CAE software products.
- 3History
Organization[edit]
Altair is divided into three business divisions: Product Design (PD), HyperWorks CAE Software (HW), and PBS Works (PBS)
Portfolio[edit]
The principal product offerings from Altair's Commercial Software division is its HyperWorks line of software, including:
- OptiStruct - Structural Analysis Solver (linear and non-linear); solution for structural design and optimization
- RADIOSS - Structural Analysis Solver (highly non-linear problems under dynamic loadings); an industry standard for automotive crash and impact analysis
- MotionView - Solver-neutral Multi-body Pre-processor
- MotionSolve - Multi-body Solver; an integrated solution to analyze and optimize multi-body system performance
- HyperXtrude - Metal & Polymer Extrusion Solver; an advanced solver for manufacturing process simulations and validations
- HyperForm - Metal Forming Solver
- HyperMesh, HyperCrash, Simlab, HyperView, HyperGraph - CAE Pre & Post Processing[3]
- HyperStudy - Design of Experiments and Multi-disciplinary Design Optimization
- HyperMath - Mathematical Analysis Environment
- AcuSolve - General-purpose Finite Element Based CFD Solver
- FEKO - 3D Electromagnetic Solver
The CAE data and process management solutions
- Altair Data Manager
- Altair Process Manager
The Enterprise Computing division develops and manages:
- PBS Professional software, developed from OpenPBS.
Subsidiaries of Altair Engineering
- ilumisys - produces LED lighting products[4][5]
Altair Owned Companies
- solidThinking - industrial design software
- HiQube - business intelligence software
- Altair ProductDesign - product innovation consulting
- Carriots - Development platform for Internet of Things based applications
History[edit]
Altair was established in 1985. In 1990, HyperMesh was released. In 1994, Altair receives IndustryWeek's 'Technology of the Year' award for OptiStruct.[6]
Quinstreet Software India Pvt Ltd
During the 2008 economy crisis, Altair started a program to offer free training on its product for unemployed persons in Michigan.[7]
In September 2010, Altair purchased a 136,000-square-foot (12,600 m2) Annex Facility in Troy, to initially house Altair’s subsidiary ilumisys, Inc.
In September 2011, Altair ProductDesign unveiled BUSolution, a hybrid hydraulic bus.[8][9][10]
Corporate acquisitions[edit]
- In July 2008, Altair acquired the Italian company that produces the 'solidThinking' software.[11]
- On October 28, 2010, Altair announced their impending acquisition of SimLab Corporation.[12]
- In early 2011, Altair acquired ACUSIM Software, with their CFD Solver, AcuSolve.[13]
- In June 2014, Altair acquired EM Software & Systems – S.A. (Pty) Ltd. and its international distributor offices in the United States, Germany, and China, with their electromagnetic simulation software, FEKO.[14][15][16]
- In July 2014 Altair acquired Visual Solutions, Inc. in order to enter the embedded market which was previously dominated by the MathWorks.[17]
- In September 2016, Altair acquired Solid Iris Technologies, creator of 'Thea Render'.[18]
- In May 2017, Altair acquired MODELiiS, an Electronic Design Automation company with modeling, conversion and simulation tools at the circuit/netlist level of abstraction, for integrated circuits and PCB/packaging, with bridges to system and multiphysics tools.
- In September 2017, Altair acquired RunTime Design Automation, a company publishing software tools to manage EDA resources such as job scheduling, licence allocation, consistency and progress monitoring.
References[edit]
Ford India Pvt Ltd
- ^ ab'Altair Announces Fourth Quarter and Full Year 2017 Financial Results'. Altair.
- ^ ab'Altair Announces Third Quarter 2018 Financial Results'. Altair. Retrieved 31 January 2019.
- ^Chorofas Visual Programming Technology 1997 p196 'The University of Illinois in 1990 developed Hyperview for Intel's iPSC/2 hypercube'
- ^'ilumisys Inc'. Bloomberg Businessweek. Retrieved 2 December 2012.
- ^Tom Henderson (11 November 2009). 'Ilumisys vies to be No. 1 LED maker'. Crain's Detroit Business. Retrieved 2 December 2012.
- ^John Teresko (19 December 1994). 'Altair Computing Inc. Troy, Mich'. IndustryWeek. Archived from the original on 13 March 2012. Retrieved 2 December 2012.
- ^Sherri Begin Welch (4 December 2008). 'Altair offering free training, software licenses for unemployed engineers'. Crain's Detroit Business. Retrieved 5 December 2008.
- ^Keith Barry (9 November 2011). 'New Hybrids Will Pump it Up'. Wired. Retrieved 2 December 2012.
- ^Josh Cable (8 September 2011). 'Series-Hybrid Hydraulic Transit Bus Promises Fuel, Cost Savings'. Industry Week. Archived from the original on 3 December 2013. Retrieved 2 December 2012.
- ^Josh Cable (16 November 2011). 'Big Green Machines'. Industry Week. Retrieved 2 December 2012.
- ^Frausto-Robledo, Anthony (24 July 2008). 'Altair acquires solidThinking'. architosh.com. Retrieved 26 January 2017.
- ^'Altair will acquire SimLab'. prnewswire.com. 28 October 2010. Retrieved 26 January 2017.
- ^'Altair Engineering Acquires ACUSIM Software, 2 in a Series'. Deskeng.com. Archived from the original on 23 September 2015. Retrieved 27 September 2016.
- ^'Altair and EM Software & Systems Complete Deal'. Deskeng.com. Retrieved 27 September 2016.
- ^'Altair and EM Software & Systems-S.A. Close Deal —'. Feko.info. 24 June 2014. Retrieved 27 September 2016.
- ^'EM Software & Systems'. Emss.co.za. Retrieved 27 September 2016.
- ^'Altair To Acquire Visual Solutions, Inc'. Altair. 14 July 2014. Retrieved 18 May 2017.
- ^'Altair acquires Solid Iris Technologies'. hpcwire.com. 14 September 2016. Retrieved 26 January 2017.
External links[edit]
- 'HyperWorks: Open Architecture CAE solution'. Altairhyperworks.com. 22 September 2016. Retrieved 27 September 2016.
- 'Global Leader in HPC Workload Management'. PBS Works. 19 October 2015. Retrieved 27 September 2016.
- 'Altair ProductDesign'. Altair ProductDesign. Retrieved 27 September 2016.
- 'Altair'. Hyperworksalliance.com. Retrieved 27 September 2016.
- 'Design Software Solutions'. solidThinking. 24 June 2013. Retrieved 27 September 2016.
- 'IIS Windows Server'. Ilumisys.com. Retrieved 27 September 2016.
- 'HyperWorks - лидер в области CAE-систем'. Hyperworks.compmechlab.ru. Retrieved 27 September 2016.
- 'FEKO - EM Simulation Software'. Feko.info. Retrieved 27 September 2016.