Altair Engineering, Inc. Strengths, Domain Expertise, and Key Differentiators
Altair, an engineering software vendors, offers on-premise and on-demand engineering and design applications to more than 5,000 clients in the Aerospace, Automotive, Biomedical, Consumer Goods, Defense, Electronics, Energy, Heavy Industry and Marine verticals.
Its products portfolio includes Altair HyperWorks for rapid design exploration and decision-making. Its PBS Works provides a suite of on-demand, policy-based cloud applications for engineering and design.
Altair launched WEYV, an entertainment app that contains music, magazines and (soon) TV shows and movies all in one experience. Utilizing its valued content licensing model, Altair is now extending its reach to the consumer sector through the launch of WEYV. The WEYV subscription model follows the same premise as HyperWorks Units associated with Altair's software. WEYV Units allow access to various types of content and give users the ability to tailor their subscription to best fit their family's needs.
Altair Engineering, Inc. Recent Developments
In June 2021 Altair released Altair SmartWorks, its next-generation, cloud-native platform to empower augmented, data-driven decision making. SmartWorks harnesses the full power of AI, analytics, and the Internet of Things (IoT) to help organizations improve and ensure production quality, develop connected product lines, optimize maintenance schedules, and implement recurring revenue models. It also allows companies to customize marketing analytics, automated financial systems, and more.
SmartWorks is built to overcome enterprise-grade challenges. It is inherently cloud-native but can be deployed on-premises; enables organizations to govern access to data, analytics, and automation; and is built to be highly scalable and performant from day one, with the best in underlying technology components. SmartWorks provides a collaborative environment and is extensible and future-proof, designed to work with the analytics engines of today and tomorrow. By making analytics, IoT, and AI accessible for every user, SmartWorks accelerates innovation in every department across the enterprise.
In June 2020, Altair made a significant software update release. All of Altair’s software products have been updated with advancements in user experience and countless new features, including intuitive workflows that empower users to streamline product development, allowing customers to get to market faster. Altair transforms design and decision-making by applying simulation, machine learning, and optimization throughout product lifecycles. Their broad portfolio of simulation technology and patented units-based software licensing model enable Simulation-Driven Innovation for its customers.
Altair Engineering, Inc. Mergers and Acquisitions (M&A) Activities
In August 2021 Altair has acquired S-FRAME Software, a structural analysis software platform used by engineers to evaluate a structure’s ability to withstand external loads (like wind, water, and snow) and meet design code requirements around the world. For more than 30 years, high-end architectural clients have utilized Altair’s sophisticated technology – which is also used to design high-tech modern aircraft and automobiles – to develop some of the world’s most innovative and iconic structures. Utilizing S-FRAME Software’s finite element structural analysis and code support with Altair’s high-fidelity structural optimization solutions will allow architects and civil engineers to be more innovative and bring their visions to life while adhering to local code requirements.
In January 2020, Altair acquired newFASANT. Originally a spin-off from the University of Alcalá, near Madrid, newFASANT has a software portfolio containing various full-wave and high frequency asymptotic electromagnetic solvers, when combined with Altair Feko, will allow Altair to leapfrog its competition and offer advanced solutions in relevant technology areas like V2V, Doppler effects, radome analysis, periodic structures, reflectarrays, and others.
Altair Engineering, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Altair Engineering, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Altair Engineering, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Altair HyperWorks On Demand, Altair PBS Cloud customers.
Altair Engineering, Inc. Overview
Ownership: - NASDAQ: ALTR
Number of Employees: 3050
Functional Markets: Product Lifecycle Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Construction and Real Estate, Consumer Packaged Goods, Education, Government, Healthcare, Life Sciences, Manufacturing, Professional Services, Utilites,
Altair Engineering, Inc. Key Enterprise and Cloud Applications
Altair HyperWorks On Demand, Altair PBS Cloud
Altair Engineering, Inc. Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Altair Engineering, Inc. Revenue Breakdown By Type, $M:
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Altair Engineering, Inc. Enterprise Applications Revenues By Functional Markets, $M:
Altair Engineering, Inc. Enterprise Applications Revenues By Verticals, $M:
Altair Engineering, Inc. Revenues By Region, $M
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Altair Engineering, Inc. Direct vs Indirect sales
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Altair Engineering, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of Altair Engineering, Inc. Customers: 11000
No. of Altair Engineering, Inc. Enterprise Applications Customers: x
No. of Altair Engineering, Inc. Cloud Customers: x
No. of Altair Engineering, Inc. Cloud Subscribers: x
Altair has more than 11000 customers worldwide. The simulation, analytics, and HPC products customers are primarily large manufacturing enterprises, with a growing presence in small and mid-size companies. The data analytics products customers include banks, credit unions, health care organizations, and other financial services organizations along with finance departments across most industries including manufacturing.
Among Altair's Aerospace customers are: Airbus, BAE Systems, Bell Helicopter, Boeing, Bombardier, Cessna, EADS, Eurocopter, GE Aircraft Engine, Goodrich, Lockheed Martin, Northrop Grumman, Pratt&Whitney, Raytheon; Government&Defense customers are: Argonne National Lab, Army Research Labs, General Dynamics, Los Alamos National Lab, NASA, ORNL, Sandia National Lab, U.S. Air Force, U.S. Army RDECOM, U.S. Dept of Defense, U.S. Dept of Energy, U.S. Navy NAVSEA, U.S. Dept of Health NIH; Consumer Products customers: Adidas, Bose, Canon, Colgate Palmolive, Fisher Price, Harley Davidson, Kohler, Motorola, Nokia, Procter&Gamble, Panasonic, Samsung, Steelcase, Whirlpool; Life&Earth Sciences customers: AMGEN, Bayer, Dow, Genentech, National Cancer Institute, NCSA, NOAA, Pfizer, Protein Design Labs, Sanofi Oventis, Solexa, TGen, Weather Channel; Energy customers: AMEC NNC, Brasken, Chevron, ConocoPhillips, Gamesa, GE Energy, General Atomoics, Goldwind, JNES, Landmark, Petrobras, Schlumberger, Shell, Siemens Energy, Technip, Vestas, and many others.
Altair Engineering, Inc. Market Opportunities, M&A and Geo Expansions
In July 2020, Altair acquired S&WISE Co Ltd, a Seoul-based leading provider of polyurethane foaming simulation. The acquisition will allow Altair to offer customers the most advanced solution for polyurethane foam processing on the market. A couple of months earlier, Altair made another acquisition, WRAP Software to help plan and manage proliferating wireless communications. WRAP software is part of the Swedish company WRAP International AB, it provides spectrum management and radio network planning for civil and defense organizations.
Altair Engineering, Inc. Risks and Challenges
Altair remains entrenched in the on-premise engineering applications market and its move to the cloud is a work in progress.
Altair Engineering, Inc. Ecosystem, Partners, Resellers and SI
In August 2020, Altair joined the Avicenna Alliance, an international consortium committed to the use of simulation to enable faster and more efficient development of new medicine and healthcare solutions.
Altair also has a network of resellers and partners worldwide. Among its resellers are: CompMechLab, DES ART sp.z o.o., DSP SL , CYBERNETICS, Digital Commerce Technologies, Herndonwood Associates, MIratek. PBS resellers are: AKFH, ARAVision Incorp., Askanet, Acer, Bull, Bright Computing, Cray, HP, IBM, Jaryba, Penguin Computing, SGI, UNIVA, Voltaire, StackIQ, and many others. HW Resellers are: AR Technologies, Advanced Engineering, AE Solutions, Air-Think Corporation, Alpha Precision Instrumentation Corp., AraVision Incorporated, Argo Graphics, Inc., Astra Research, ATE (Advanced Technology Enterprise Ltd.), XiAn Ximing Electronic Technology Co, Ltd., Worklogix Middle East LLC and many other.
Altair Engineering, Inc. Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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