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Nasdaq Welcomes Altair Engineering Inc. (Nasdaq: ALTR) to The Nasdaq Stock Market

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.

Altair Engineering Inc. (Nasdaq:ALTR) visits the Nasdaq MarketSite in Times Square in celebration of its initial public offering (IPO).


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.”

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: http://business.nasdaq.com


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Source:Nasdaq, Inc.