Altair Engineering

American multinational company

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May 8 2025 Altair Engineering was acquired by Siemens for $10.6 billion.
March 2025 Acquisition by Siemens was completed.
2024 Gartner named Altair a Leader in the Magic Quadrant for Data Science and Machine Learning Platforms.
October 30 2024 Altair announced its agreement to be acquired by Siemens.
October 2023 Altair acquired OmniQuest, a software company from Novi, Michigan, to further its optimization technology.
May 2023 US Court of Appeals issued a favorable ruling in a copyright infringement case pertaining to SAS software.
March 2023 Altair rebranded its AI and data analytics product as Altair RapidMiner.
2021 Altair relaunched its Startup Program.
December 2021 Altair was named one of Investor's Business Daily's Best 100 ESG Companies.
November 2021 Altair's PBS Professional workload manager was selected by Argonne National Laboratory for use across their high performance computing systems, including Polaris and Aurora supercomputers.
November 2021 Altair was included on Inc. Magazine's 2021 Best-Led Companies list.
January 2021 Altair collaborated with Rolls-Royce Holdings on a project using AI and machine learning to improve aero jet engine design process.
June 2020 Altair announced software updates for all products to improve workflows and provide access to tools for data analytics, machine learning, and physics.
2019 Altair acquired a total of 30 businesses and opened a new office in Greensboro, North Carolina after acquiring the data analytics company Datawatch.
2018 Altair formed its Startup Program to make products available to qualified startup companies.
November 1 2017 Altair went public with an IPO on the Nasdaq stock exchange, trading under the stock ticker ALTR. The company raised $156 million with share prices starting at $13.
2016 Altair acquired Solid Iris Technologies, a company that developed the photorealistic rendering and visualization tool Thea Render.
2013 Altair bought out General Atlantic's equity stake in the company.
2012 Ilumisys was rebranded as Toggled.
2011 Ilumisys' operations were moved to Michigan.

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