Altair Engineering
NasdaqGM:ALTR
$
111,85
$
$0,00 (0,00%)
111,85
$
$0,00 (0,00%)
End-of-day quote: 03/27/2025
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Altair Engineering Company Info
EPS Growth 5Y
32,56%
Market Cap
$9,60 B
Long-Term Debt
$0,23 B
Short Interest
4,25%
Quarterly earnings
05/01/2026 (E)
Dividend
$0,00
Dividend Yield
0,00%
Founded
1985
Industry
Country
ISIN Number
Website
Analyst Price Target
There are currently no price targets available for this stock.
In the last five quarters, Altair Engineering’s Price Target has risen from $104,78 to $104,78 - a 0,00% increase. Ten analysts predict that Altair Engineering’s share price will fall in the coming year, reaching $0,00. This would represent a decrease of -100,00%.
Top growth stocks in the information technology sector (5Y.)
What does Altair Engineering do?
Altair Engineering Inc. (Altair) operates as a global leader in computational science and artificial intelligence enabling organizations across broad industry segments to drive smarter decisions in an increasingly connected world.
The company delivers software and cloud solutions in the areas of simulation and design, high-performance computing ('HPC'), data analytics, and artificial intelligence ('AI'). The company's products and services leverage computational intelligence to drive innovation...
Altair Engineering Inc. (Altair) operates as a global leader in computational science and artificial intelligence enabling organizations across broad industry segments to drive smarter decisions in an increasingly connected world.
The company delivers software and cloud solutions in the areas of simulation and design, high-performance computing ('HPC'), data analytics, and artificial intelligence ('AI'). The company's products and services leverage computational intelligence to drive innovation for a more connected, safe, and sustainable future.
The company's simulation and AI-driven approach to innovation is powered by the company's broad portfolio of high-fidelity and high-performance physics solvers, the company's market leading technology for optimization and HPC, and the company's end-to-end platform for developing AI and digital twin solutions. The company's integrated suite of software optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal, electromagnetics, system modeling, and embedded systems, while also providing AI solutions and true-to-life visualization and rendering. The company's HPC solutions maximize the efficient utilization of complex compute resources and streamline the workflow management of compute-intensive tasks for applications, including AI, modeling and simulation, and visualization. The company's data analytics, AI, and Internet of Things (IoT) products include data preparation, data science, MLOps, orchestration, and visualization solutions that fuel engineering, scientific, and business decisions.
Segments
The company has identified two reportable segments: Software and Client Engineering Services.
The Software reportable segment derives revenue from the sale and lease of software licenses and cloud solutions in the areas of simulation, high-performance computing, and artificial intelligence to design and optimize high-performance, efficient, innovative and sustainable products and processes for improved business performance. The software services and software-related services component of this segment includes consulting, implementation services, training, and software-related services focused on product design and development expertise and analysis from the component level up to complete product engineering at any stage of the lifecycle. To a much lesser extent, the Software segment includes revenue from the sale of hardware products.
The Client Engineering Services reportable segment provides support to the company's customers with long-term ongoing expertise. The company hires simulation specialists, industrial designers, design engineers, materials experts, development engineers, manufacturing engineers, data scientists, and information technology specialists for placement at customer sites for specific customer-directed assignments.
The 'Other' represents innovative services and products, including Toggled, the company's LED lighting business. Toggled is focused on developing and selling next-generation solid state lighting technology along with communication and control protocols based, in part, on intellectual property for the direct replacement of fluorescent tubes with LED lighting. Other businesses combined within Other include potential services and product concepts that are still in their development stages.
Products
Rising expectations of end-market customers are expanding the use of advanced simulation, data analytics, and AI across many industry verticals. Altair's thirty-nine year heritage is in solving some of the most challenging problems faced by engineers and scientists. The company helps companies use digital twins, intelligent models, and the convergence of simulation, HPC, and AI to predict and optimize system outcomes.
Altair is a leading provider of design and simulation software enabling customers to enhance product performance, compress development time, and reduce costs. The company is unique in the industry for the depth and breadth of the company's engineering application software offerings combined with the company's domain expertise and proprietary technology for harnessing HPC, cloud infrastructures, and AI technology.
The company's high-performance and cloud computing workload and workflow tools empower customers to explore designs and analyze data in ways not possible in traditional computing environments. The company's customers include universities, government agencies, manufacturers, pharmaceutical firms, BFSI companies, weather prediction agencies, and electronics design companies.
The company is a leading provider of AI technology for data preparation, data science, MLOps, data management, and visualization. BFSI customers, as well as finance and engineering departments in various industries, including manufacturing, retail, and life sciences use the company's software to capture disparate data streams and apply analytics to make more informed business decisions.
Software Products
Altair's software products represent a comprehensive, open architecture solution for computational science and AI to empower decision making for improved product design and development, manufacturing, energy management and exploration, financial services, health care, and retail operations.
Altair's products offer a comprehensive set of technologies to design and optimize high performance, efficient, innovative, and sustainable products and processes in an increasingly connected world. The company's products are categorized by Physics Simulation and Concept Design, and High Performance and Cloud Computing.
Data Analytics, AI, IoT, and Smart Product Development
Altair and Altair partner applications are also available through Altair One, the company's modern, secure, cloud innovation gateway, to download software, execute interactive applications or batch compute intensive jobs. Altair One also enables users to easily create and access compute clusters on the fly, manage files and data between the cloud and on-prem storage, and develop web applications.
Physics Simulation and Concept Design
Altair's design, modeling, and visualization tools allow for advanced physics attributes to be modeled and rendered on top of object geometry in high fidelity. These tools are becoming more integrated, user friendly, design-centric and relevant earlier in the development process.
The company's industrial and concept design tools generate early concepts to address requirements for ergonomics, aesthetics, performance, manufacturing feasibility, and cost. These tools are all driven by simulation and machine learning algorithms. These products are emerging as a market force with the potential to eclipse traditional computer-aided design (CAD) in both the mechanical and electronics worlds.
At the core of Altair's simulation software portfolios are mathematical software 'solvers' that use advanced computational algorithms to predict physical performance. Optimization leverages these solvers to derive the most efficient solutions to meet desired complex multi-objective requirements.
Altair's solvers are a comprehensive set of fast, scalable and reliable physics algorithms for complex problems in linear and non-linear mechanics, fluid dynamics, electromagnetics, motion, discrete elements, systems and manufacturing simulation. The company invests continuously to improve the speed and accuracy of the company's solvers by leveraging the latest mathematical techniques and computer hardware available.
Addressing the large market of designers, design engineers, and manufacturing engineers who are not experts in simulation is important toward increasing the use of simulation in design processes. Altair has several technologies focused on this market, including Inspire and SimSolid for mechanical design and Pollex for electronic systems and printed circuit board design.
The breakthrough technology of SimSolid is game-changing and delivers extremely easy to model, fast, and accurate simulation results for complex designs. SimSolid is especially relevant for simulation-driven design and seeing rapid adoption in many customer environments. The company is investing significantly in SimSolid and has released numerous new features and solution types, including non-linear structural and thermal analysis. The company is increasingly targeting SimSolid to address complex simulations in the electronic systems market for printed circuit boards and semiconductors.
Altair's optimization technology combined with superior multi-physics and multi-domain simulation is a key differentiator and spans the company's product offering. Customers using the company's technologies gain a sustainable competitive advantage by developing better products in less time.
Models are increasingly required to deliver performance across a range of physics, including mechanical systems, communication and control, printed circuit boards, and combinations of these at various levels of fidelity. Altair's math and system design tools help engineers to quickly explore requirements and performance throughout the design process.
Altair's solutions are compelling due to their openness and usability, and their ability to develop signal-based controls, mixed physics models, and electronics all within one environment and at varying levels of fidelity to support decision making in each stage of a product's lifecycle. For example, the company's multi-disciplinary models may include mechanics, fluids, electronics, and software among other technical elements, and encompass a scope of products ranging from components to IoT-enabled 'systems of systems.' By employing varying degrees of fidelity, the company aids the modeling process where computational requirements or data availability might otherwise prove to be obstacles.
A key strength to Altair's math and systems solutions is allowing development organizations to move seamlessly in this multi-discipline, multi-component, multi-detail space while integrating models from various authoring tools. With a broad range of multi-physics solvers based on an open-system approach, a strong set of model reduction techniques can be employed toward IoT-enabled product development, which can then be carried forward into device management and application development.
Altair's tools for simulation of communications and control, data analytics, and real-time data streaming are particularly relevant as more products are connected and collecting data to operate in complex environments.
High-Performance Computing
Altair's high-performance computing software applications are designed to maximize the efficient utilization of customers' complex compute resources and streamline the workflow management of compute-intensive tasks. The quantity of data collected, stored, and processed is growing significantly, and the company's HPC technology has evolved to support big data and input/output (IO) intensive environments with storage-aware scheduling. The company supports applications, such as modeling, simulation, artificial intelligence, and visualization in fields, such as banking, financial services, insurance, weather prediction, bio-informatics, electronic design analysis, product development and lifecycle management.
Altair's high-performance tools manage and optimize where and when jobs are running and how storage is accessed and managed for customers and research institutes. HPC is increasingly mission critical for organizations around the world. Predictive modeling and analysis are computationally intensive and computing environments increasingly rely on a mix of on-premise and cloud resources.
The company's powerful and easy to use solutions help IT administrators and business decision makers maximize throughput and minimize costs by leveraging sophisticated scheduling algorithms. Altair's HPC solutions are designed to enable seamless shifting of workloads from on-premise data centers to the cloud, and between different cloud providers, depending on cost or resource availability, including managing spot computing purchases. The company also delivers powerful orchestration capabilities to manage extremely large-scale workflows with complex dependency management for applications in electronic design automation, artificial intelligence and others.
Data Analytics, AI, IoT, and Smart Product Development
Altair's data analytics, AI, and smart product development offerings include code free and code friendly solutions for data preparation, data science, MLOps, and visualization that fuel engineering, scientific, and business decisions. that are extensively used by banks, credit unions, health care, and other financial services organizations. They are also used in engineering and finance departments across many industries, including manufacturing.
Altair's broad range of data analytics solutions uniquely support legacy code created over the last forty years using the SAS language, while also developing, integrating, and deploying modern code written in Python or other newer languages, and leveraging state-of-the art, open source technology, critical for companies to remain competitive.
The company has been actively integrating machine learning technologies in the company's broad product portfolio to capitalize on the significant momentum toward applying AI across a substantial number of companies and in many different industries.
The company's data preparation tools allow users to import, clean and organize structured and unstructured data for use in reporting and in data science applications. Altair's data science solutions allow users to develop machine learning workflows with market-leading decision tree technology and scoring algorithms, and innovative approaches to AutoML, automatic feature selection, and explainable AI. The company's visualization tools allow users to gain deep insights quickly with both live-streamed and historical data.
Altair's tools also include solutions to support smart connected product development including device enablement, data capture and management, edge orchestration, digital twins, and application development for connected devices. The company's software is used to design IoT solutions and monitor and optimize their performance.
Going forward, development lifecycles will include digital replicas of complex processes, services and physical assets and systems, or what is known as 'digital twins,' which leverage the convergence of simulation and AI and are essential to creating better products, marketing them efficiently, and optimizing their performance. In the company's view, AI technology is transforming engineering design and process development, leveraging both synthetic data from simulations and rapidly growing databases of sensor data from field operations. Altair's customers are using AI not only to create better products but also to lower scrap rates, reduce warranty issues, and derive other business benefits.
Altair Partner Alliance
The Altair Partner Alliance, or APA, provides access to a broad spectrum of complementary software products using customers' existing Altair Units. The company's units-based subscription licensing model allows flexible and shared access to the company's applications and those of its partners, which can all be downloaded on-demand. This constantly growing portfolio extends their simulation and design capabilities to help create better products faster.
Software products in the APA include technologies ranging from computational fluid dynamics and fatigue to manufacturing process simulation and cost estimation, with applications specific to industry verticals, including automotive, marine, motorcycles, aerospace, chemicals, and architecture. Altair plans to continue to add valuable third-party software solutions to empower innovation with comprehensive enterprise analytic and data analytics tools.
Software Services
To enable customer success and deepen the company's relationships with them, the company engages with its customers to provide services related to the company's software, including consulting, training, and implementation services, especially when applying optimization and data science.
Implementation and custom software services are available to help customers leverage their investment in Altair's software to streamline workflows and solve specialized industry vertical engineering and business problems. The company works closely with its clients to increase organizational efficiency and decision making by tailoring these solutions to a client's own environment and processes.
The unique combination of the company's broad industry domain knowledge and software expertise has enabled Altair to enhance and replace customers' legacy applications, integrate the company's software applications with client business systems, develop clean-sheet designs or custom software solutions, and transform their product development and business processes.
Software Related Services
Altair engages with the company's customers to provide technical services throughout their entire product development lifecycle including design, engineering, and development, especially when applying optimization and data analysis. The company's headquarters includes an industrial design studio, a prototype shop, and test facilities. The company has expertise designing and working with controls, power electronics, traditional and composite structures, and total system level development in the automotive, aerospace, consumer products and other markets. The company's team of data analysts is experienced with applications ranging from credit scoring to predictive analytics of physical assets. Software related services revenues are included within Software related services on the Consolidated Statement of Operations.
Client Engineering Services
Altair provides Client Engineering Services, or CES, to support the company's customers with long-term ongoing expertise. This has the benefit of embedding the company within customers, deepening its understanding of their processes, and allowing the company to more quickly perceive trends in the overall market. The company's presence at its customers' sites helps the company to better tailor its software products' research and development, or R&D, and sales initiatives.
The company operates its CES business by hiring engineering talent, IT professionals and data scientists for placement at a customer site for specific customer-directed assignments. The company employs and pays them only for the duration of the placement.
The company concentrates on placing simulation specialists, industrial designers, design engineers, materials experts, development engineers, manufacturing engineers and information technology specialists. As a leader in the simulation and data science technology markets, Altair attracts high caliber talent from around the world. CES is focused on placements that align strategically with customer usage of the company's software. The company has a strong recruiting operation with sourcing specialists who identify, attract, vet, and hire technical professionals for the company's in-house and customer needs. The company maintains a robust candidate database of highly qualified engineers, designers and data scientists.
Research and Development
The company's research and development efforts are focused on enhancing the functionality, breadth, and scalability of the company's software, addressing new use cases, and developing additional innovative simulation technologies.
Customer feedback, combined with the company's roadmap, enables the company to deliver long-term value and stay ahead of market trends. Most product enhancements and new capabilities added to the company's offerings over the years have been developed internally, with acquisitions used to augment its capabilities with strategic technology.
The company's research and development initiatives foster a culture of innovation within the organization, helping the company attracts and retains a highly motivated team. Altair's research and development team consists of approximately 1,400 people worldwide. The company maintains research and development centers with specific technical expertise in several geographies throughout the Americas, the Asia-Pacific, Europe, the Middle East and Africa.
The company's research and development efforts relating to the company's software focus on three areas:
Physics Simulation and Concept Design: At the core of Altair's simulation software portfolio are mathematical software 'solvers' that use advanced computational algorithms to predict physical performance. Altair initially specialized in structural simulation, and the company's solvers are now a comprehensive set of fast, scalable and reliable physics algorithms for complex problems in linear and non-linear mechanics, fluid dynamics, electromagnetics, motion, discrete elements, systems and manufacturing simulation. Altair also invests to 'couple' the company's solvers to simulate multiple physics domains simultaneously and is considered a market leader in the development of optimization technology, which drives solvers to find solutions to complex multi-objective design problems. R&D is also conducted to leverage HPC technology for these compute intensive applications. Solver and optimization development is conducted principally by researchers with advanced degrees in engineering, physics, computer science, and mathematics.
The graphical applications used to construct and visualize simulation models require continuous R&D in the areas of data structures, computational methods, graphics, geometric modeling, mesh generation, and user interface design. Altair's modeling tools are becoming more design-centric and are adopting some of the capabilities of traditional CAD while leveraging simulation and optimization technology to drive design decisions rather than just simulate designs. Specific areas of R&D include handling large scale models of highly detailed and complex products, developing new methods to derive design geometry from optimizations, and unifying the modeling environment for multi-physics simulation. Adapting modeling and visualization technology for cloud deployment is also an area of active development as is supporting virtual and augmented reality hardware. Simulation-driven design requires tools to generate early concepts addressing requirements for ergonomics, aesthetics, performance, and manufacturing feasibility. These tools are emerging as an alternative to traditional CAD tools and will enable the democratization of simulation capabilities for designers and engineers who are not simulation specialists.
The company's industrial and concept design tools generate early concepts to address requirements for ergonomics, aesthetics, performance, manufacturing feasibility, and cost. These tools are all driven by simulation and machine learning algorithms.
High-performance Computing: Altair's high-performance computing software applications are designed to maximize utilization of complex compute resources and streamline the workflow management of compute-intensive tasks for applications, such as data analytics, AI, modeling and simulation, and visualization in fields, such as financial services, weather prediction, bioinformatics, electronic design analysis, product development and lifecycle management.
Altair develops best-in-class HPC workload management technology for large scale, highly parallel job environments, as well as solutions for chip design workloads which require massive numbers of jobs to be spawned and managed for relatively short durations. The company also develops powerful orchestration capabilities to manage extremely large-scale workflows with complex dependency management for applications in electronic design automation, artificial intelligence and other areas.
The company develops solutions for both CPU and GPU architectures and support all the major computer vendors. This requires ongoing collaboration with hardware suppliers who depend on the company's solutions to make their products run efficiently for customers.
Much of the company's more recent R&D investments allow customers to easily move and manage workflows in hybrid compute environments of on-premise and cloud resources.
The quantity of data collected, stored and processed is growing significantly, and the company's HPC technology has evolved to support big data and IO intensive environments with storage-aware scheduling. The company also develops and delivers powerful orchestration capabilities to manage extremely large-scale workflows with complex dependency management for applications in electronic design automation, artificial intelligence and others.
Altair's HPC development teams work closely with the simulation, data analytics, AI, and IoT development teams to ensure that the company's overall technology portfolio interoperates effectively and shares a common infrastructure and user experience.
Data Analytics, AI, IoT, and Smart Product Development: Altair's data analytics, AI, IoT, and smart product development offerings support business analysts with low-code solutions as well as programmers with a rich development environment including support for modern languages like Python and traditional languages like SAS and SQL. The company delivers a rich toolset for data preparation, data science, MLOps, and visualization that fuel engineering, scientific, and business decisions. The company develops solutions allowing users to develop machine learning workflows with best-in-class decision tree technology and scoring algorithms, and innovative approaches to AutoML and explainable AI. The company develops and releases new software on a regular basis to support customers with enhancements and other requested features and technologies for data preparation, data science and visualization. In addition, the company has integrated its data analytics capabilities into a modern, cloud-based solution to deliver a more unified user experience. This solution includes important enterprise level capabilities such as security, data discovery, collaboration, and operationalization of user developed machine learning workflows to gain deep insights quickly.
Altair's solutions support smart connected product development, including device enablement, data capture and management, edge orchestration, digital twins, and application development for connected devices. The company's software is used to design and optimize IoT devices and connectivity, and for modeling in-service product performance. The company is investing to deliver an end-to-end solution for customers developing connected products. The company's products operate well as a complete and integrated suite and are open such that they are designed to work seamlessly with other IoT or data analytics solutions in a disaggregated fashion. Altair's Toggled LED lighting subsidiary is an important learning and deployment environment as the company gains real-world experience with these technologies and share that knowledge with the company's customers.
The company's digital twin platform supports product development for IoT through a math-based programming environment, multi-disciplinary system modeling, and control system development, and is an important ongoing research and development effort. AI technology is transforming engineering design and process development, leveraging both synthetic data from simulations and rapidly growing databases of sensor data from field operations.
The company supports its own high-level matrix-based numerical computing language, as well as more commonly used general purpose programming languages, like Python and Tcl, in an interactive programming environment for all types of math operations. The company expects to add more language and library support, broaden the math libraries, and integrate these products more deeply with Altair's other software.
In order to maintain and extend the company's technology leadership and competitive position, the company intends to continue devoting significant effort to the company's research and development activities.
Sales
The company serves customers in the product lifecycle management, simulation, data analytics, AI, and high-performance computing markets. The company's primary users are highly educated and technical engineers and data scientists.
The company engages with its enterprise customers through Altair's experienced direct sales force. The company is increasing its use of inside sales and indirect channels to more efficiently address a broader set of customers in consumer products, electronics, energy and other industries. The company organizes cross functional teams globally to focus on the company's largest vertical markets, such as Automotive, Aerospace, Technology and BFSI, and the largest customers in these vertical markets.
Approximately 86% of the company's 2023 software revenue was generated through the company's direct global sales force. These sales teams interact with key decision makers, engage deeply with users of the company's products by leveraging a team of Altair's technical specialists, and work with user-group managers and executives to ensure they are maximizing the utility of its software solutions. The company has been expanding its direct sales team, including its inside sales operations aggressively to reach more customers and market verticals.
The company's direct sales force is responsible for developing new customers, ensuring high recurring rates from the company's existing customers, and expanding the use of Altair and partner products within customers' environments through continuous training, support, and consulting engagements. Each of the company's field sales professionals are supported by technical specialists with deep knowledge of its products and the broader product development domain. The company's direct sales force is organized by vertical markets and geographic regions, consisting of Americas, EMEA, and APAC.
The company leverages indirect sales channels especially in APAC and Eastern Europe and has been investing to extend its reseller relationships in all markets. Approximately 14% of the company's 2023 software revenue was generated through its growing network of indirect channel partners, resellers, and system integrators.
Data Analytics, AI, IoT, and Smart Product Development
Altair's primary data analytics and AI customer base is BFSI organizations along with finance departments across most industries, including manufacturing. As the company cross sells into Altair traditional manufacturing customer accounts, the company is targeting finance departments, leveraging the expertise of the company's financial markets sales and technical teams, as well as engineering departments looking to apply data analytics and AI to improve designs, manufacturing, warranty, and in-service operations. The company is leveraging its existing direct and indirect sales channels to support greater market opportunities.
High-Performance Computing Solutions
Altair's HPC solutions are sold by the company's global strategic sales force with sales overlay support from Altair HPC sales specialists and application engineers. The company has original equipment manufacturer, or OEM, arrangements for these solutions with most of the major hardware companies.
The company offers Altair PBS Professional as both an open source and a commercial solution. Commercial sites generally license the commercial version along with support. However, many universities, government agencies and small commercial sites prefer the open-source version as their work often needs to be freely available for societal benefit. Large government and research installations generally still purchase support and often pay for specific development.
Licensing
There are two licensing methods the company employs to deliver its software solutions:
Most products are available under Altair Units, the company's unique, patented units-based licensing model.
A small subset of the company's products is available on a node-locked, or hardware specific, and named-user basis. This is especially true for the company's high-performance computing solutions.
Altair pioneered Altair Units, a patented units-based subscription licensing model for software and other digital content. This units-based subscription licensing model allows flexible and shared access to the company's offerings, along with more than 150 partner products. The company's customers license a pool of units for their organizations giving individual users access to the company's portfolio of software applications, as well as the company's growing portfolio of partner products. The company's units-based subscription licensing model lowers barriers to adoption, creates broad engagement, encourages users to work within the company's ecosystem.
Marketing
Altair's global marketing team of approximately 100 people is focused on generating new business opportunities by driving awareness, deepening customer engagement, and developing content specific to technical fields and industry verticals. The company's corporate marketing programs include social media, earned media, publications, blogs, white papers and case studies. The company's regional marketing program supports working relationships with the company's user community through education, participation in local industry events, Altair technical conferences, and webinars.
The company provides marketing support to its ecosystem of resellers and third-party technology partners on both a corporate and regional level.
In order to continue to drive growth and extend the company's market position, the company intends to continue to invest significant resources into its marketing initiatives.
Customers
As of December 31, 2023, the company had more than 13,000 customers worldwide. The company's simulation and HPC customers are primarily large manufacturing enterprises, with a growing presence in small and mid-size companies. The company's data analytics and AI customers include banks, credit unions, BFSI, and health care organizations along with finance and engineering departments across most industries, including manufacturing.
Automotive and aerospace represent the company's largest industries, including 15 of the world's leading automotive manufacturers and 10 of the world's leading aerospace manufacturers. Other important industries include technology, BFSI, heavy machinery, rail and ship design, energy, government, life and earth sciences, and consumer electronics. In 2023, 36%, 31% and 33% of the company's software billings were attributed to the Americas, EMEA, and APAC, respectively.
Competition
The company's primary competitors include companies, such as IBM, Dassault Systèmes, Siemens, Ansys, MSC Software (a Hexagon company), SAS Institute, Inc., and Alteryx.
Intellectual property
As of December 31, 2023, the company had 290 issued patents worldwide and 15 published patent applications worldwide. Additionally, the company is the registered holder of a variety of trademarks and domain names that include 'Altair' and similar variations.
The Altair design logo and the marks 'OptiStruct,' 'RADIOSS,' 'AcuSolve,' 'FEKO,' 'Flux,' 'WinProp,' 'Multiscale Designer,' 'HyperStudy,' 'HyperMesh,' 'HyperView,' 'SimLab,' 'HyperCrash,' 'HyperGraph,' 'Inspire,' 'solidThinking Evolve,' 'Thea Render,' 'Altair PBS Works,' 'Altair PBS Professional,' 'Altair PBS Cloud,' 'MotionView,' 'MotionSolve,' 'Altair PBS Access,' 'SimSolid,' 'Knowledge Studio,' 'Monarch,' 'Panopticon,' 'EDEM,' 'PollEx,' 'P-FRAME,' 'S-FRAME,' 'World Programming,' 'RapidMiner,' 'Genesis,' 'OmniV,' and the company's other registered or common law trade names, trademarks or service marks are the company's property.
Acquisitions
During 2023 the company acquired the following:
OmniQuest: In September 2023, the company acquired OmniQuest, a Michigan based optimization software company. OmniQuest's flagship product, Genesis, is an advanced structural analysis and optimization software that uses the finite element to solve problems with many variables and constraints. OmniQuest will enhance Altair's optimization leadership in the market driving lightweight and structurally efficient designs across the globe.
OmniV: In July 2023, the company acquired the OmniV technology from XLDyn, LLC. OmniV is a vendor agnostic MBSE requirements management solution. This technology will enhance Altair's ability to engage in projects involving digital twins, simulation data management, and engineering data analytics.
Seasonal variations
The company has experienced seasonal variations in the timing of customers' purchases of the company's software and services. Many customers make purchase decisions based on their fiscal year budgets, which often coincide with the calendar year. These seasonal trends materially affect the timing of the company's cash flows, as license fees become due at the time the license term commences based upon agreed payment terms that customers may not adhere to. As a result, new and renewal licenses have been concentrated in the first and fourth quarter of the year (year ended December 2023), and the company's cash flows from operations have been highest in the first and second quarter of the succeeding fiscal year.
History
Altair Engineering Inc. was founded in 1985. The company was incorporated in Michigan in 1985 and became a Delaware company in 2017.
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