Altair Engineering

Altair Engineering Inc.
	Headquarters in Troy, Michigan
Company type	Public
Traded as	Nasdaq: ALTR (Class A); S&P 400 component;
Industry	CAE Software; Product Design and Development; Simulation; Data Analytics; Artificial Intelligence; IoT; High-Performance Computing;
Founded	1985; 39 years ago
Founders	James R. Scapa; George Christ; Mark Kistner;
Headquarters	Troy, Michigan, U.S.
Key people	James R. Scapa (chairman & CEO); Matthew Brown (CFO)
Revenue	US$601.63 million (2023)
Operating income	US$13.2 million (2023)
Net income	US$−12.7 million (2023)
Total assets	US$1.252 billion (2023)
Number of employees	3,000+ (2022)
Website	altair.com

Altair Engineering Inc. is an American multinational information technology company headquartered in Troy, Michigan. It provides software and cloud solutions for simulation, IoT, high performance computing (HPC), data analytics, and artificial intelligence (AI). Altair Engineering is the creator of the HyperWorks CAE software product, among numerous other software packages and suites. The company was founded in 1985 and went public in 2017. It was traded on the Nasdaq stock exchange under the stock ticker symbol ALTR.^[4] In 2024, it has been acquired by Siemens for $10.6 billion.^[5] Altair develops and provides software and cloud services for product development, high-performance computing (HPC), simulation, artificial intelligence, and data intelligence.^[6]^[7]^[8]

^ Muskett, Lauren (11 December 2020). "CFOs On the Move: Week Ending December 11". CFO. Retrieved 1 May 2021.
^ "ICAT signs MoU with Altair to work in simulation and testing space". ET Auto. 28 March 2019. Retrieved 1 May 2021.
^ "Altair Engineering, Inc.2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 31 December 2022.
^ "Altair Engineering Inc. (ALTR) Stock Price, News, Quote & History - Yahoo Finance". finance.yahoo.com. Retrieved 2022-05-28.
^ "Altair Signs Definitive Agreement with Siemens to be Acquired for $10.6 Billion". Altair. 2024-10-30.
^ "Accordo tra Altair e Hewlett Packard Enterprise per il supercomputing". Automazione Plus (in Italian). 2022-01-25. Retrieved 2022-04-11.
^ Warfield, Andy (14 October 2019). "Altair moving into larger office with and eye toward growing Greensboro data extraction and preparation team - Triad Business Journal".
^ Cite error: The named reference TBJ was invoked but never defined (see the help page).

[CFO-1] Muskett, Lauren (11 December 2020). "CFOs On the Move: Week Ending December 11". CFO. Retrieved 1 May 2021.

[ETAUTO-2] "ICAT signs MoU with Altair to work in simulation and testing space". ET Auto. 28 March 2019. Retrieved 1 May 2021.

[FY-3] "Altair Engineering, Inc.2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 31 December 2022.

[4] "Altair Engineering Inc. (ALTR) Stock Price, News, Quote & History - Yahoo Finance". finance.yahoo.com. Retrieved 2022-05-28.

[5] "Altair Signs Definitive Agreement with Siemens to be Acquired for $10.6 Billion". Altair. 2024-10-30.

[6] "Accordo tra Altair e Hewlett Packard Enterprise per il supercomputing". Automazione Plus (in Italian). 2022-01-25. Retrieved 2022-04-11.

[7] Warfield, Andy (14 October 2019). "Altair moving into larger office with and eye toward growing Greensboro data extraction and preparation team - Triad Business Journal".

[TBJ-8] Cite error: The named reference TBJ was invoked but never defined (see the help page).

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