NEW YORK, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Altair Engineering Inc. (Nasdaq:ALTR), a leading provider of enterprise-class engineering software enabling innovation across the entire product lifecycle from concept design to in-service operation, rang the opening bell at the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c0ce9dcd-f6b9-48db-b2cf-6cf65f5ca6fb
Altair’s simulation-driven approach to innovation is powered by their broad portfolio of high-fidelity and high-performance physics solvers. Their integrated suite of software optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems, while also providing data analytics and true-to-life visualization and rendering. The Company serves businesses across industries requiring highly engineered products, such as automotive, aerospace, heavy machinery, rail and ship design.
“We are excited to join with Nasdaq in celebrating this significant milestone, and recognize this is only made possible by the dedication and support of our employees, customers and partners worldwide,” said James R. Scapa, Chairman and CEO, Altair. “Helping businesses unlock the full potential of their creativity and bring their products to life effectively has been the core principle Altair’s solutions have been built on. In beginning this new chapter, we look forward to fortifying our position as a leader in engineering software and redefining product design and organizational decision-making through our simulation-driven approach to innovation.”
“Altair fosters a company culture based on innovation and transparency,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “We’re proud to welcome them to Nasdaq’s family of the world’s most innovative companies as they continue to disrupt the engineering industry with the technology of tomorrow.”
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