Altair Signs Agreement to Acquire Metrics Design Automation Inc. Expands Footprint in EDA Industry

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]