May 30, 2017 1:49 AM ET

Software

Company Overview of Altair Engineering, Inc.

Company Overview

Altair Engineering, Inc. develops and applies simulation technology to synthesize and optimize designs, processes, and decisions for its clients. It offers HyperWorks, an open architecture CAE solution; solidThinking, a design software solution; PBS Works, a HPC workload management solution; and cloud solutions for businesses and enterprises. The company also provides services, such as product engineering, industrial design, technical staffing, HyperWorks solutions, and analytics solutions. It serves aerospace, architecture, engineering, construction, automotive and transportation, consumer products, electronics, energy, heavy industry, life sciences, and marine and shipbuilding industries. ...

1820 East Big Beaver Road

Troy, MI 48083

United States

Founded in 1985

Phone:

248-614-2400

Fax:

248-614-2411

Key Executives for Altair Engineering, Inc.

Founder, Chairman and Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Chief Technical Officer of Solvers/Optimization
European Chief Engineer of Altair ProductDesign
Compensation as of Fiscal Year 2016.

Altair Engineering, Inc. Key Developments

Huawei and Altair Sign Memorandum of Understanding to Jointly Pursue High-Performance Computing Opportunities and Build Industrial Simulation Cloud Solutions

Huawei and Altair have signed a Memorandum of Understanding at CeBIT 2017, marking the beginning of cooperation for High-performance Computing and Cloud Solutions. The two companies will cooperate with each other to develop industrial simulation cloud solutions for their customers. In accordance with the terms of the cooperation, they will build a joint test center in Huawei's Munich OpenLab to carry out software and hardware optimization tests based on Altair's PBS Works and Huawei's HPC and cloud platforms. Taking full advantage of the high performance and reliability of Huawei's HPC and cloud platforms, the joint tests will help customers reduce software integration and performance verification workloads considerably and simplify the deployment and management of industrial simulation cloud platforms. Altair PBS Works is the leading HPC workload management suite that offers comprehensive, reliable HPC resource management solutions and policy-based job scheduling solutions.

Altair to Offer High Performance Computing Solutions on Oracle Cloud Platform

Altair announced a business collaboration with Oracle to build and offer High Performance Computing (HPC) solutions on the Oracle Cloud Platform. This follows Oracle's decision to name Altair's PBS Works as its preferred workload management solution for Oracle Cloud customers. Altair PBS Works running on the Oracle Cloud Platform offers independent software vendors (ISVs) faster time to market on a proven HPC platform to address markets such as Oil & Gas, Insurance Information Processing and the internet of things (IoT). The Altair HPC advantage is the ability to quickly jumpstart an ISV interested in HPC with short time-to-market for their solutions on a proven platform. As part of the collaboration, Altair will work closely with Oracle to develop turnkey solutions allowing users to access cloud HPC resources in the Oracle Cloud Platform from any web-enabled device. These solutions will leverage Altair's industry leading PBS Works job scheduling solution on the Oracle Cloud to enable intuitive web portal access and secure workload management for rapid, scalable access to Oracle Cloud Platform HPC resources. Initial solutions will target life sciences, energy, and academia increasing HPC demand to run compute-intensive workloads including DNA sequencing, advanced simulations, and big data analytics to test new concepts or products in virtual space.

Airbus Will Implement New Pre- and Post-Processing Tool Based on Altair's Solutions HyperMesh and HyperView as the New Platform Worldwide

Altair has won a benchmarking competition, and as a result Airbus will implement a new pre- and post-processing tool based on Altair's solutions HyperMesh and HyperView as the new platform worldwide. The benchmarking competition, which was initiated by Airbus in early 2016, has led to this agreement between Altair and Airbus. The agreement confirms the worldwide Airbus aircraft migration to HyperWorks Desktop. It demonstrates Altair's competencies in pre- and post-processing and confirms Altair's position as a major player in the Aerospace industry. The agreement will enable a worldwide employment of the HyperWorks Desktop solutions in all Airbus aircraft, effective today. In addition to providing the aforementioned solutions, Altair has also committed to dedicated support of the Airbus teams, which includes: Tighter collaboration between Airbus and Altair teams, to set up a deployment roadmap for integration of Altair solutions in Airbus aircraft; Customization of Altair software according to Airbus' needs and requirements; Training of the Airbus Teams on HyperMesh and HyperView. Altair ProductDesign supports a wide range of industries with engineering consulting and staffing services to help bring the company's clients' products to market faster. Over the past decade, Altair ProductDesign has been supporting Airbus innovations and delivered efficiencies in "Time Compression" and therefore associated cost reduction, driven by synergies between Altair's engineering services and software development teams. Based on an in depth understanding of the Airbus activities, Altair has proposed a number of innovations to provide best-in-class pre- and post- processing tools, to reduce the model build process and to improve process efficiency.

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