GUEST OPINION by Stuart Strickland, Chief Operating Officer, DUG Technology: High performance computing (HPC) has been a mainstay of research institut.
Modern, turnkey solution offers unprecedented data analytics capabilities through an out-of-the-box, user-ready, plug-and-play offering TROY, Mich., June 28, 2022 /PRNewswire/ Altair(Nasdaq: ALTR), a global leader in computational science, high performance computing (HPC) and artificial intelligence (AI), is thrilled to announce it has launched the Altair Unlimited data analytics appliance, an all-in-one turnkey solution, which will democratize enterprise-wide data analytics and empower users to glean more data insights than ever. The Altair Unlimited data analytics appliance - which is built on Dell PowerEdge R750 servers - is designed to foster enterprise-wide, data-driven strategies by giving teams the power to use data analytics and AI to gain competitive advantages and drive next-level business results. "Dell Technologies is a longtime partner and we are thrilled to take the Altair Unlimited data analytics appliance to market with them. After the incredible success of the A
TROY, Mich., June 10, 2022 /PRNewswire/ Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced the pricing of $200 million aggregate principal amount of Convertible Senior Notes due 2027 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Altair also granted the initial purchaser of the notes a 13-day option to purchase up to an additional $30 million aggregate principal amount of notes. The sale of the notes to the initial purchaser is expected to settle on June 14, 2022, subject to customary closing conditions, and is expected to result in approximately $194.6 million (or approximately $223.9 million if the initial purchaser exercises its option to purchase additional notes in full) in net proceeds to Altair after deducting the initial purcha
TROY, Mich., June 13, 2022 /PRNewswire/ Altair(Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Concept Engineering, the leading provider of electronic system visualization software that accelerates the development, manufacture, and service of complex electrical and electronic systems. Concept Engineering provides automatic schematic generation tools, electronic circuit and wire harness visualization platforms that provide on-the-fly visual rendering, and electronic design debug solutions. "Concept Engineering's advanced, reactive visualization technology is a best-in-class solution to help organizations accelerate their designs that have specific design architecture requirements, as well as rigorous service needs," said James R. Scapa, founder and chief executive officer, Altair. "Integrating this technology into our electronic system design suite will offer our customers comprehensive and fast visual representatio
TROY, Mich., June 9, 2022 /PRNewswire/ Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced its intention to offer, subject to market conditions and other factors,$200 millionaggregate principal amount of Convertible Senior Notes due 2027 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").Altairalso expects to grant the initial purchaser of the notes a 13-day option to purchase up to an additional$30 millionaggregate principal amount of notes (the "additional notes"). The notes will be senior, unsecured obligations ofAltair, and interest on the notes will be payable semi-annually in arrears. Upon conversion, Altair will satisfy its conversion obligation by paying and/or delivering, as the case may be, cash, shares of Altair's Cl