Altair Engineering Inc (Altair Engineering) is a technology company that provides software and cloud solutions. It offers services in the area of product development, high-performance computing (HPC) and artificial intelligence. The company provides solutions that include simulation, data analytics, high-performance computing, internet of things, design, modeling and visualization. Altair Engineering serves the construction, automotive, transportation, aerospace, consumer, electronics, civil engineering, energy, financial, healthcare and other industries. The company operates in Asia, Europe and North America. Altair Engineering is headquartered in Troy, Michigan, the US.
Headquarters
United States of America
Address
1820 E Big Beaver Rd, Troy, Michigan, 48083-2031
Website
www.altair.com
Telephone
1 248 6142400
No of Employees
3,200
Industry
Technology and Communications
Ticker Symbol & Exchange
ALTR (NASD)
Revenue (2022)
$612.7M
7.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
79.4%
(2022 vs 2021)
Market Cap*
$6.7B
Net Profit Margin (2022)
XYZ
80.8%
(2022 vs 2021)
* As of and is in US$
Altair Engineering Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Monarch | Pre and Post-Data Processing | OptiStruct |
| OptiStruct | Design, Modeling and Visualization | HyperMesh |
| HyperMesh | Data Analytics | SimSolid |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In April, the company acquired Cambridge Semantics. |
| 2024 | Corporate Changes/Expansions | In April, the company launched a new office location in Yokneam Illit, Israel. |
| 2023 | New Products/Services | In April, the company launched Altair SimSolid Cloud. |
Competitor Comparison
| Key Parameters | Altair Engineering Inc | Siemens AG | Dassault Systemes SE | SAS Institute Inc | ANSYS Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | Germany | France | United States of America | United States of America |
| City | Troy | Muenchen | Velizy Villacoublay | Cary | Canonsburg |
| State/Province | Michigan | Bayern | Ile-de-France | North Carolina | Pennsylvania |
| No. of Employees | 3,200 | 321,000 | 23,800 | 13,263 | 6,200 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| James R. Scapa | Chief Executive Officer; Chairman | Executive Board | 1985 | 66 |
| Matthew Brown | Chief Financial Officer | Senior Management | 2021 | 42 |
| Stephanie Buckner | Chief Operating Officer | Senior Management | 2021 | 35 |
| Brian Gayle | Chief Accounting Officer | Senior Management | 2021 | 47 |
| Mahalingam Srikanth | Chief Technology Officer | Senior Management | 2014 | 52 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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