Core Insights - Altair will showcase its innovations in engineering simulation, AI, and HPC at the Farnborough International Airshow 2024, highlighting its role in transforming aerospace engineering and production processes [1][2] Group 1: Innovations and Solutions - Altair's AI-powered engineering solutions support the entire aerospace life cycle, including conceptual design, manufacturing, operational performance, and maintenance [2] - The company emphasizes the importance of computational intelligence in enhancing safety and reducing environmental impact within the aerospace industry [2][3] - Altair's simulation solutions integrate AI to provide insights and performance improvements for aircraft design and operations [3] Group 2: Manufacturing and Maintenance - Altair's solutions create intelligent digital twins that utilize design and operational data for real-time monitoring and predictive maintenance, improving safety and reducing costs [3] - The company aims to extend the life cycle of aircraft through its innovative manufacturing and MRO solutions [3] Group 3: Defense and Future Support - Altair will present solutions for government agencies and defense companies to navigate the digital landscape and make data-driven decisions [3] - The Aerospace Startup Acceleration Program is designed to support startups with leading design and data analytics solutions in a competitive market [3]

Minsait to bring Altair's innovative data analytics, AI, and HPC solutions to the EMEA regionTROY, Mich., July 11, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, is proud to announce Minsait as a new channel partner for the EMEA region. Minsait will offer Altair's innovative data analytics and artificial intelligence (AI) solutions to its customers throughout the EMEA region with the goal of bringing cutting-edge AI, data analytics, and high-performance computing ...

Core Insights - Altair has launched Altair® HyperWorks® 2024, enhancing its position as a leading platform for design and simulation, with significant advancements in AI-powered engineering and simulation-driven design [1][3] AI-Powered Engineering and Business - Altair HyperWorks 2024 integrates AI across the entire product life cycle, enhancing design exploration and iteration through generative design capabilities [3] - The platform allows for efficient thermal analysis and rapid behavior prediction, maximizing efficiency in design and manufacturing [3] - AI accessibility is improved with faster training times and enhanced capabilities, utilizing scalable HPC and cloud resources [3] User Experience Enhancements - The platform offers a modern user experience with intuitive workflows, photorealistic graphics, and a unified back-end data model, supporting integration with over 250 CAD systems [4] - Engineers can automate routine tasks and customize the platform using Python and C++, enhancing productivity [4] Digital Engineering Integration - Altair creates a digital engineering ecosystem by integrating digital twins and threads, providing real-time data and models for engineers [5] - The Altair® Material Data Center™ offers over 72,000 high-fidelity material datasets, facilitating material exploration throughout the product development life cycle [5] Mechanical and Electronic System Design - The platform enhances productivity in mechanical and electronic system design through robust integration and automation capabilities [6] - Users can perform advanced simulations for PCB modeling and analyze electric motors using multiphysics analysis [6] - Meshless ECAD simulation capabilities allow for seamless transitions from ECAD to simulation, optimizing complex model analysis [6] Simulation-Driven Design and Optimization - Inspire, part of Altair HyperWorks 2024, provides comprehensive simulation-driven design solutions, integrating generative design and physicsAI for rapid behavior prediction [8] - The platform supports detailed analysis across various manufacturing processes, maximizing design and manufacturing efficiency [8]

Core Insights - Altair has been selected as an electronic design automation (EDA) partner for the Samsung Advanced Foundry Ecosystem (SAFE™), aiming to enhance semiconductor design and production processes through collaboration [1][2][3]. Group 1: Partnership and Collaboration - The partnership combines Altair's comprehensive EDA technology with Samsung Foundry's manufacturing capabilities to create a more innovative and efficient semiconductor design and production process [1][2]. - Altair's diverse technological capabilities, including silicon debugging tools, are crucial for meeting various design requirements for foundry customers [3]. Group 2: Solutions Offered - Altair provides integrated design and verification solutions that support collaboration within the ecosystem, enhancing productivity and quality for Samsung Foundry, design houses, and fabless companies [3]. - Among the solutions is Altair® FlowTracer™, a visualization platform that aids in problem identification and resolution for digital circuit design [4]. - The partnership will also include high-performance computing (HPC) resource management, AI-based meta-scheduling technology, and data analytics solutions to improve market responsiveness and product development competitiveness [4].

Group 1 - Altair has partnered with Aitek to provide data analytics and AI solutions across North, West, and Central Africa [1][2] - Aitek aims to leverage its strong local presence and integration in technology to serve as a key partner for Altair in Africa [2] - The partnership is positioned to enhance the adoption of AI solutions, boost business productivity, and contribute to Africa's economic development [3] Group 2 - Africa is experiencing a digital revolution driven by technologies such as AI, IoT, and Big Data, presenting opportunities for economic growth [3] - Altair is recognized as a global leader in computational intelligence, offering software and cloud solutions in simulation, HPC, data analytics, and AI [4]

Core Insights - Altair Engineering Inc. has entered into an acquisition deal for Metrics Design Automation Inc., enhancing its capabilities in semiconductor electronic functional simulation and design verification [1] - The acquisition aims to create a superior simulation environment in the EDA and semiconductor space, leveraging Metrics' DSim and Altair's Silicon Debug Tools [1][3] - The cloud-based business model introduced by Metrics is expected to make EDA design tools more affordable and accessible, facilitating faster design cycles for companies [1][2] Company Strategy - Altair's strategy includes accretive acquisitions to supplement organic growth and diversify its product portfolio, having acquired 51 companies or strategic technologies since 1996 [4] - The acquisition of Cambridge Semantics in April 2024 further enhances Altair's platform with advanced knowledge graph technology, critical for generative AI applications [5] - Altair's product portfolio is evolving with a focus on sustainable and disruptive innovations, supported by strategic investments in engineering AI [4] Financial Performance - In Q1 2024, Altair's non-GAAP gross margin expanded by 140 basis points year over year to 83.3%, driven by a higher mix of software revenue [5] - The adjusted EBITDA margin for Q1 2024 was 26.5%, an increase of 60 basis points from the previous year, with expectations for a margin range of 21.2-22.1% for the full year [5] - Altair's shares have gained 16.9% over the past three months, outperforming the Zacks Engineering - R and D Services industry's growth of 2.3% [6]

Core Insights - Altair has announced a definitive agreement to acquire Metrics Design Automation Inc., a Canadian company specializing in simulation as a service (SaaS) for semiconductor electronic functional simulation and design verification [1][2] - The acquisition aims to enhance Altair's offerings in the electronic design automation (EDA) and semiconductor sectors by integrating Metrics' digital simulator, DSim, with Altair's existing Silicon Debug Tools [1][3] Group 1: Acquisition Details - The acquisition is subject to customary closing conditions and will allow Altair to provide a more affordable and accessible simulation environment for semiconductor companies [1] - Metrics' DSim will be available through Altair One, Altair's cloud innovation gateway, and can be utilized on desktop, private servers, or in the cloud [3][4] Group 2: Market Impact - The combined solution will address high licensing costs and the need for multiple seats to run chip simulations, offering flexibility and scalability in design verification [2][4] - The cloud-based model allows customers to pay only for what they use, significantly reducing time and costs associated with traditional design cycles [2][3] Group 3: Leadership and Industry Position - Joe Costello, the executive chairman of Metrics, is recognized as a pioneer in the EDA industry, having previously led Cadence Design Systems to over $1 billion in annual revenues [4] - The acquisition positions Altair as a key player in providing innovative tools and resource delivery models in the semiconductor industry [3][4]

Core Insights - Altair has announced a definitive agreement to acquire Metrics Design Automation Inc., a Canadian company specializing in simulation as a service (SaaS) for semiconductor electronic functional simulation and design verification [1][2] - The acquisition aims to enhance Altair's offerings in the electronic design automation (EDA) and semiconductor sectors by integrating Metrics' digital simulator, DSim, with Altair's existing Silicon Debug Tools [1][3] Group 1: Acquisition Details - The acquisition is subject to customary closing conditions [1] - Metrics' DSim will provide a cloud-based simulation environment that is expected to make EDA design tools more affordable and accessible for companies looking to scale simulations [1][2] Group 2: Product Capabilities - The combined solution allows for flexibility in deployment, enabling users to run simulations as a desktop application, on their own servers, or in the cloud [2][3] - DSim supports System Verilog and VHDL RTL for digital circuits, facilitating concurrent and large-scale simulations, which can significantly reduce time and costs in the design cycle [2] Group 3: Leadership and Market Position - Joe Costello, the executive chairman of Metrics, is recognized as a pioneer in the EDA industry, having previously led Cadence Design Systems to over $1 billion in annual revenues [4] - The acquisition positions Altair as a provider of a modern, scalable design verification solution, catering to the needs of engineers in the semiconductor industry [4]

Core Insights - Altair has partnered with Semantic Partners to expand its data analytics and AI solutions in the EMEA region [1][2] - The collaboration focuses on sectors such as manufacturing, banking, financial services, insurance (BFSI), and healthcare [1][2] - Semantic Partners will leverage its expertise in knowledge graphs and semantic technology to enhance Altair's offerings [2] Company Overview - Altair is recognized as a global leader in computational intelligence, providing software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI [4] - The company aims to help organizations across various industries make smarter decisions and promote sustainability [4] Partnership Details - The partnership allows Semantic Partners to resell Altair's comprehensive data analytics portfolio, including advanced machine learning and AI solutions [1][2] - Semantic Partners specializes in unlocking data potential to drive strategic insights and operational efficiency [2]

Devoteam to offer Altair's leading data analytics and AI solutions throughout the EMEA regionTROY, Mich., June 26, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to welcome Devoteam as a new channel partner for the EMEA region. Within the partnership, Devoteam will offer Altair's leading data analytics and artificial intelligence (AI) solutions to its customers throughout the EMEA region. Altair is thrilled to announce Devoteam as a new channel part ...