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December 02, 2015 2:56 AM ET


Company Overview of Altair Engineering, Inc.

Company Overview

Altair Engineering, Inc. engages in the development and application of simulation technology to synthesize and optimize designs, processes, and decisions to improved business performance. It provides HyperWorks, a computer-aided engineering simulation software platform that allows businesses to create products; solidThinking software to create, develop, and market technology that helps user community bring the desirable products to their customers; PBS Works, a workload management suite for high-performance computing and cloud environments; cloud solutions; and partner alliance services, such as product engineering, industrial design, technical staffing, HyperWorks solutions, and analytics s...

1820 East Big Beaver Road

Troy, MI 48083

United States

Founded in 1985





Key Executives for Altair Engineering, Inc.

Chairman and Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
President of Ilumisys
President of Altair ProductDesign
Compensation as of Fiscal Year 2015.

Altair Engineering, Inc. Key Developments

Fieldscale PC Joins Altair Partner Alliance with Electromagnetic Simulation Software

Altair announced that Fieldscale PC has joined the Altair Partner Alliance with its electromagnetic simulation software, Charge. The software specializes in electrostatic simulations, also known as electric field simulations. Charge enables engineers to analyze the electric field of an entire model without compromising to unrealistic simplifications, allowing them to simulate problems that were previously unsolvable. Based on the reliable Boundary Element Method, Charge accurately computes the electric potential and field distribution for complex structures. It breaks down the simulation process to five steps within a simple-to-use environment, leading to increased productivity and efficiency. Its parallelized algorithms deliver the results of an overnight process in minutes. In the energy industry, Charge enables engineers to design high-voltage equipment including electrodes, switchgears, bushings and insulators. It also satisfies safety standards by testing electrical breakdown and spark-over, preventing damage to equipment. In addition, Charge helps engineers design better and more efficient Lightning Protection Systems to protect buildings, aircrafts, wind turbine farms and more.

Altair and Airbus Group Sign Worldwide Multi-Year Software Agreement

Altair announced it has reached an agreement with the Airbus Group that provides designers and engineers of its Airbus, Airbus Helicopters, and Airbus Defence & Space divisions, as well as of any other company to which the Airbus Group holds more than 50% of voting rights, access to Altair's entire software portfolio, including the HyperWorks® CAE suite for its modeling, visualization, optimization and solver solutions. The new agreement follows a prior Airbus strategic software decision for OptiStruct®, Altair's structural analysis and optimization solution. Airbus has successfully applied OptiStruct on many programs to optimize the weight and performance of its aircraft structures, such as the A350 XWB program, for many years. Terms of the agreement provide every Airbus engineers very flexible access to Altair's HyperWorks computer-aided-engineering (CAE), PBS Works™ high-performance computing (HPC), and solidThinking® design software solutions to support the development of lighter, high-performance aircraft structures. In addition, the agreement complements and tightly aligns with a long term consulting collaboration between Airbus and Altair ProductDesign (APD). APD is Altair's global consulting services division, offering engineering expertise and development know-how for the aerospace and many other industries. Among other projects, APD assisted in pioneering Europe's first Optimization Center at Airbus, an innovative Altair consulting business model that delivers strategic execution of optimization technology on-location with program teams to achieve weight objectives.

Bureau of Meteorology Chooses Altair's PBS Professional to Manage Workload on Its Supercomputing System

Altair announced that its workload management product for high-performance computing (HPC), PBS Professional, has been chosen to manage workload for the new Cray supercomputing system to be installed at the Bureau of Meteorology (BoM). PBS Professional was selected as part of a Cray contract to provide BoM with a Cray XC40 supercomputer and Cray Sonexion 2000 storage system. Altair is collaborating with BoM to streamline the transition process from its previous job scheduler. The new supercomputer will upgrade BoM's capability to deliver more precise forecasts with greater accuracy and frequency; with a 16x increase in compute capacity, the system is expected to run nearly eight times as many daily forecasts than the current system, with up to 5x improvement in model resolution. the new Cray-Altair solution will take a leading position in supercomputing in Australia; it will exceed the performance of the 1.2 petaflop Raijin system at the National Computing Infrastructure (NCI), another Altair PBS Professional-user. BoM's initial Cray XC40 supercomputer will be comprised of 2,160 compute nodes with 51,840 Intel Haswell Xeon cores, 276TB of RAM and usable storage of 4.3PB.

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