Altair Engineering began its journey in 1985 as a Detroit startup. Flash forward almost 40 years, the company has grown into a global leader in computational science and artificial intelligence (AI), providing software and cloud solutions in simulation and analysis, data science and AI, and high-performance computing. Now, Siemens has signed an agreement to acquire Altair Engineering to strengthen its position as a leading technology company and its leadership in industrial software.
Siemens acquires Altair Engineering to provide a complete AI-powered design and simulation portfolio. Image: Siemens
“This acquisition represents the culmination of nearly 40 years in which Altair has grown from a startup in Detroit to a world-class software and technology company. We have added thousands of customers globally in manufacturing, life sciences, energy and financial services, and built an amazing workforce, and innovative culture,” said James Scapa, Altair’s founder and CEO. “We believe this combination of two strongly complementary leaders in the engineering software space brings together Altair’s broad portfolio in simulation, data science, and HPC with Siemens’ strong position in mechanical and EDA design. Siemens’ outstanding technology, strategic customer relationships, and honest, technical culture is an excellent fit for Altair to continue its journey driving innovation with computational intelligence.”
By adding Altair’s highly complementary simulation portfolio, with strength in mechanical and electromagnetic capabilities, Siemens enhances its comprehensive digital twin to deliver a full-suite, physics-based simulation portfolio as part of Siemens Xcelerator. Altair’s data science and AI-powered simulation capabilities allow anyone, from engineers to generalists, to access simulation expertise to decrease time-to-market and accelerate design iterations. Additionally, Altair’s data science capabilities will unlock Siemens’ industrial domain expertise in product lifecycle and manufacturing processes.
“Acquiring Altair marks a significant milestone for Siemens. This strategic investment aligns with our commitment to accelerate the digital and sustainability transformations of our customers by combining the real and digital worlds. The addition of Altair’s capabilities in simulation, high-performance computing, data science, and artificial intelligence together with Siemens Xcelerator will create the world’s most complete AI-powered design and simulation portfolio,” said Roland Busch, president and CEO of Siemens AG. “It is a logical next step: we have been building our leadership in industrial software for the last 15 years, most recently, democratizing the benefits of data and AI for entire industries.”
Siemens
siemens.com
Altair Engineering
altair.com
Filed Under: Software • simulation, ENGINEERING SOFTWARE
