A Letter From Our CEO
2024 was another outstanding year for Altair as we reaffirmed our position as a world leader in computational intelligence. By harnessing the power of convergence – bringing together simulation, high-performance computing (HPC), data analytics, and artificial intelligence (AI) – we help customers across the globe in all industries make their products and processes more efficient, powerful, and sustainable.
Throughout 2024, we generated incredible momentum in many new areas. Our solutions in AI-powered engineering, data and AI fabric, generative AI, and agentic AI empowered our 16,000+ customers to transform their workflows and create lighter, greener products and processes quicker than ever. We continue to push technological boundaries in areas like geometric deep learning, analytical knowledge graphs, and AI fabric architecture. And we saw a wealth of new opportunities to disrupt verticals like aerospace, healthcare and life sciences, defense, and more.
The pace of innovation and competition is more intense than ever. And Altair continues to remain a leader because of our “Only Forward” focus in three key areas: our people, technical and business innovation, and our vision to create a more efficient and sustainable world. I am thrilled to celebrate 40 years of Altair, and I am incredibly proud of the work we did in 2024 to help realize a sustainability-first world.
James R. Scapa
Founder, Chairman, and Chief Executive Officer
Altair at a Glance
Driving positive change with innovation intelligence
$666M
FY24 Revenue
3,000+
Engineers, Scientists, and Creative Thinkers
16,000+
Customers Globally
81
Offices in 29 Countries
180+
Altair and Partner Software Products
25%+ of Revenue
Invested in Research and Development
PEOPLE
Altair fosters a global culture of diversity, professional and personal development, and innovation.
Reflecting on the work we’ve done this past year fills me with pride. This report isn’t just a summary of our accomplishments, it’s a celebration: of our people, our culture, and Altairians’ impact on the world around us. With the support of our employees across the globe, we continued to make a difference – whether it was volunteering in our communities, collaborating with FIRST and STEAM organizations, or making notable contributions in education. Highlights from our 2024 initiatives include:
- Innovators of Tomorrow: Our commitment to fostering the next generation of innovators and problem-solvers is steadfast. Through our Global Academic Program, Global Student Contest, internships, scholarships, and expanded partnership with FIRST Robotics, we helped STEAM students around the globe build their skills to become real-world ready.
- A Value-Driven Workplace: Our dedication to cultivating a workplace where everyone can continually grow and thrive is reflected in another year of outstandingly low turnover rates, bustling employee resource group (ERG) activity, and more. I am especially proud to highlight the creation of PRISM – our ERG dedicated to raising awareness of the issues affecting the LGBTQIA+ community and fostering a more inclusive workplace.
- Award-Winning Culture: The excellence awards we garnered – including Newsweek’s Most Loved Workplaces, Kununu, and the Google Cloud North America Partner of the Year Award for Diversity, Equity, and Inclusion – show the strength of our culture and the dedication our people bring to their work and each other every day.
Thank you to everyone for being a part of our journey. As we look ahead to 2025, we remain committed to building a sustainable, inclusive, and innovative future.
Gilma Saravia
Chief People Officer
Our Values
Changing Tomorrow, Together
Since 1985, our values have been the heart of Altair. They are the DNA that fuels the way we innovate, collaborate, problem-solve, communicate, and embrace diversity. We don’t just talk about our values, we live them.
Envision the Future
We follow a long-term vision that transforms markets and creates new opportunities for a sustainable future.
Communicate Honestly and Broadly
We share information transparently to ensure broad awareness, engagement, and collaboration. We believe sharing knowledge is crucial for solving problems and fostering innovation.
Seek Technology and Business “Firsts”
We solve our customers’ challenges by being first to deliver cutting-edge technology and business solutions fueled by our innovation, market strategy, and talent.
Embrace Diversity and Take Risks
Our employees’ diverse perspectives and experiences are a competitive advantage for us and help us innovate, problem-solve, and create a better future for all.
A Remarkable Year
Awards and Progress Showcase Our World-Class Culture
Thanks to our innovative approach, dedication to our customers, and hard work, we won numerous global awards that recognize our world-class culture.
Diversity and Inclusion
Diverse Culture Fosters Innovation
We recruit top talent and invest in our global workforce to fuel diversity, professional and personal growth, and innovation.
75+
Languages Spoken
74%
Technical Employees
50+
Nationalities
38%
Early Career Hires
8+ Years
Average Tenure of Current Workforce
5+ Years
Average Tenure of Voluntary Attrition
Retention Rate
Our retention rate is well beyond the industry standard and is a testament to our engaging, inclusive culture.
Gender Diversity
The unique perspectives, ideas, and experiences that women bring to Altair are essential to our success.
Intern Program
Altair offers a cutting-edge internship program that fosters innovation, teaches leadership, and instills a passion for making a difference.
Executives
43%
Diversity of Direct Reports to CEO
28%
Diversity in Directors Serving on Board of Directors
Employee Resource Groups (ERGs)
WiT:
Women in Technology
PRISM:
Pride, Resilience, Inclusion, Support, and Momentum
ABERN:
Altair Black Employee Resource Network
30+ Events
sponsored globally by ERGs
Creating Altair Innovators for Life
At Altair, we meet future innovators wherever they are – from their early years to university and through their professional careers. Our internship program empowers the innovators of tomorrow with hands-on technical projects, professional development opportunities, and community outreach initiatives. As students enter university, they’ll likely encounter Altair on campus through our partnerships with more than 10,000 universities in 174 countries. And with our relationships with nearly 8,000 professors, students can learn the power of Altair software.
Learn how students, professors, and academic institutions around the world leverage our solutions to drive excellence.
Altair Global Student Contest
Data Science DayFuture.Industry
Global Academic Program
Altair prepares future innovators to drive decisions that leverage the convergence of simulation, HPC, and AI. Multiple universities benefit from free campus-wide licenses of Altair software and hundreds of student competition teams are designing clean, electrified vehicles with help from Altair. Additionally, high school students involved with FIRST Robotics are building better robots with Altair technology.
Our Global Academic Program is all about opening doors for everyone—students, educators, and businesses alike. Our technology helps STEAM students – those interested in science, technology, engineering, arts, and math – become real-world ready.
Where Students and Professors Use Altair Solutions (Globally)
10,000+
Universities
174
Countries
2,000+
Courses
Users of Altair Solutions (Globally)
260,000+
Students
7,700+
Professors
Once these talented students graduate and enter the working world, our goal is for them to use our tools for their entire careers. No matter where they are or what they do, we are helping future visionaries develop tomorrow’s world-changing innovations.
To see our work in action, discover the work we’ve done in the United States, Greece, and India that demonstrates how we’re championing the next generation of innovators.
Altair sponsored events and provided free software licenses and training to students and professors at 600+ universities and continued to support the following programs.
- Student Projects and Competitions: Sponsored and supported students and teams to explore Altair’s latest technologies on their engineering projects and challenges.
- Data Science Awareness Series: Introduced faculty members to the value of data science and AI in education, demonstrating how Altair® RapidMiner® can integrate data science into engineering, business, and other fields.
“Altair® RapidMiner® is a key tool in our software arsenal as we educate students with regards to machine learning models. Altair’s video tutorials, with examples, enable students to quickly learn the basics in a very short time.”
Kirk Atkinson, professor of analytics and information systems, Western Kentucky University
“2024 was our first year using Altair tools and we had an amazing season – our best! We won more banners this season than ever before.”
Joseph Barry, assistant captain, The Goon Squad Team 3604, FIRST Robotics Competition
“The design, analysis, and optimization capabilities of Altair® Inspire™ fit perfectly into my curriculum needs.”
Hod Lipson, professor of mechanical engineering and data science, Columbia University
Altair sponsored events, provided free software licenses and training to students and professors, and collaborated with community partners to support the following programs.
- Academia Learning Events: Attendees enhanced their skills and knowledge on the latest in simulation and data science technology.
- TechPro Academy: Provided reskilling and upskilling opportunities to attendees.
- Student Projects and Competitions: Sponsored and supported student teams to explore how Altair’s technology can help them streamline their engineering projects.
“In Turkey, we take great pride in supporting young minds through sponsorships and academic support in collaboration with Altair. With our simulation technologies, students integrate theory with practice, solve real-world problems, and shape the future today. In addition to university students, high school teams at FIRST competitions can elevate their projects with our intuitive and powerful software.”
Beril Kutlu, technical sales engineer, ST Engineering
“At Altair Greece, we’re deeply committed to fostering innovation and technical excellence among students by providing access to cutting-edge technology and expertise. This year, we not only strengthened our collaboration with existing student teams and professors but also expanded these partnerships to reach even more aspiring engineers and researchers. Additionally, we proudly extended our support to the FIRST Robotics competitions, empowering young talent to develop critical problem-solving skills, teamwork, and a passion for engineering. By investing in education and hands-on learning experiences, we continue to cultivate future industry leaders who will drive technological advancements and create a better, more sustainable world.”
Lazaros Tsioraklidis, managing director, Altair Greece
“My journey from university and the Centaurus Racing Team to an internship and now a full-time role has been one of significant growth. At Altair, being part of a trusted and supportive team has broadened my knowledge and fueled both my professional and personal development at the beginning of my career.”
Vasiliki Karamintziou, application test and process engineer, Altair Greece
“At the Machine Dynamics Laboratory of Aristotle University, one of our top priorities is to educate our students with the highest quality education. This includes in-depth teaching of the fundamentals of mechanical engineering as well as all-around training in state-of-the-art numerical and experimental tools used by the leading technological industries worldwide. Over the past decade, Altair has greatly supported our efforts by supplying us with their full suite of products and by offering opportunities to work on current and challenging engineering projects.”
Sotirios Natsiavas, director of the Machine Dynamics Laboratory, Aristotle University of Thessaloniki
Altair provided free software licenses, training, and support to 40+ universities, student teams, and technology companies and continued collaborations with the following state of the art programs.
- Centre of Excellence in Advanced Automotive Research (CAAR): Altair collaborated with CAAR to foster the development of innovative solutions that advance e-mobility, autonomous systems, and sustainable vehicles.
- eMobility Simulation Lab: Altair provided financial support, software, and tools to support the academic initiatives of the Indian Institute of Technology (IIT) Madras.
“Our partnership with Altair marks a significant step in our mission to speed up the process of taking innovative concepts from academic research towards industry-ready technologies.”
Thiru Srinivasan, CEO, CAAR
“We are delighted to partner with Altair in creating a lab that will be the nursery for the next generation of eMobility solutions. Partnerships such as this bring together industry and academic expertise – both increasingly essential ingredients for creating successful startups and ideas.”
Mahesh Panchagnula, dean of alumni and corporate relations, IIT Madras
“The eMobility Simulation Lab is an important step to achieving our vision to make the Department a hub for all eMobility-related matters at IIT Madras.”
C.S. Shankar Ram, head of the department of engineering design, IIT Madras
FIRST® Robotics: Our Story
Our collaboration with FIRST demonstrates our commitment to students and fostering the next generation of world-changing talent. This vision starts at the highest echelons of our organization and includes everyone at Altair.
As Altair CEO Jim Scapa put it,
“Today’s students will be tomorrow’s leaders, the people charged with creating world-changing innovations and solving our toughest challenges. Failing to invest in students, and young people in general, is failing to invest in the future.”
We're passionate about empowering the next generation of innovators by providing financial, technical, and mentorship support that inspires creativity to solve real-world engineering challenges.
The 2025 FIRST Robotics Competition season features nearly 4,000 high school teams from around the world. We are delighted and honored that Altair software tools are included in the FIRST Kit of Parts. This means thousands of members of these FIRST teams have free access to Altair’s leading technology, including premier solutions like Altair® RapidMiner® and Altair® Inspire™.
Empowering Students Worldwide
Through our collaboration with FIRST, we provided free software licenses, training, scholarships, and support to student teams. See how Altair is expanding its FIRST sponsorship globally in these FIRST programs, particularly in FIRST hotbeds like Greece and the U.S.
Greece
FIRST Global Challenge: Altair sponsored and engaged with student teams from Italy and Greece that participated in the global competition in Athens, Greece.
FIRST Tech Challenge: Altair provided training and sponsorship to the Greek National Champion.
FIRST Robotics Competition: Partnered with ST Engineering and Fikret Yuksel Foundation to support student teams with training, scholarships, and mentorship.
United States
FIRST Robotics Competition: As a title sponsor at three FIRST regional and district events in Michigan, California, and Massachusetts, Altair showcased its solutions and technology while employees engaged with student teams.
FIRST World Championship: Altair provided teams with training and sponsorship support at the championship event in Houston, Texas.
FIRST Sponsorships: Altair provided financial grants totaling $25,000 to 13 teams while also providing them with training and mentorship.
We're always looking for the industry's top talent
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PLANET
By leveraging the convergence of simulation, HPC, data analytics, and AI, we help organizations transform their decision-making so they can make quicker, smarter choices in an increasingly connected and complex world – all while creating a greener, more sustainable future.
Collaborating with Partners in Our Sustainability Objectives
Offering Intelligent Building Solutions
Altair Enlighten Award Showcases Premier Lightweighting Innovation
Learn More
PRODUCTS
At Altair, sustainability and innovation go hand in hand. Our three platforms – Altair® HyperWorks®, Altair® HPCWorks®, and Altair® RapidMiner® – provide cutting-edge tools that help our customers unlock new levels of efficiency, drive data and AI maturity, and foster breakthrough innovation. Our unique Data Science + Rocket Science™ approach empowers our customers and partners to build a more sustainable future through our industry-leading solutions in simulation, HPC, data analytics, and AI-powered engineering solutions.
Throughout 2024, we sparked engineering brilliance in organizations around the globe and have collaborated with premier organizations such as Google and NVIDIA to push boundaries and drive true digital transformation. With our technology, organizations can formalize and streamline decision-making with advanced digital thread, simulation-driven design, and generative AI capabilities.
And our impact extends beyond our technology; our commitment to partnership, education, and responsible innovation ensures we are building a better, more sustainable world for all. Overall, 2024 has been a year of significant progress for Altair, and I am incredibly proud. Altair is not just a technology platform – it's a partnership for progress.
Srikanth “Sam” Mahalingam
Chief Technology Officer
Altair in Action
These three core capabilities—coupled with Altair One®, our Cloud Innovation Gateway—deliver the computational intelligence needed to turn bold ideas into world-changing realities. Discover how Altair is using the convergence of simulation, HPC, data, and AI to deliver “The Science of Possibility.”
Customer Stories
Our solutions have helped forward-thinking global companies in all industries, shapes, and sizes deploy their digital transformation initiatives and take ideas from concept to production faster than ever before.
Banking, Financial Services, Insurance (BFSI)
Heavy Equipment, Trucks, and Rail
Marine
Learn more about Altair’s capabilities.
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PRACTICES
Though the world of security, governance, and compliance is always changing, Altair’s proactive, forward-looking approach helped us do great things in 2024. For example, our team – together with our DevOps and QA Centers of Excellence – reinforced our products’ security and development practices, ensuring a smooth, secure experience both internally and for our customers.
This is especially true in our work with our workflow management and genAI teams. We also strengthened our vertical efforts, most notably in sensitive industries like healthcare and defense.
Additionally, we maintained our track record of external accreditation for our systems, giving every Altair user the confidence they need to execute with confidence and precision. All these efforts – and more – are helping us bolster our products, systems, and workflows across the board.
Overall, our future-focused security and compliance vision continues to pay dividends. We’re always evaluating and strengthening our tooling, operating systems, workflows, and communication across the organization. Our team’s agility, vision, and exemplary dedication continue to drive our success and legacy of excellence each year.
Jeff Marraccini
Chief Information Security Officer
Data Privacy Notice and Framework
Our Privacy Policy describes the types of information we may collect from users or which users may provide to us when they license or use our software.
Software Security and Information Security Measures
Our certification roadmap includes the Center for Internet Security Implementation Group 1 (CISG1) compliance to ensure Altair customers receive sustainable, upgradable protection from ongoing and emerging threats.
Code of Business Conduct and Ethics
Our Code of Business Conduct and Ethics (the “Code”) is designed to deter wrongdoing and help guide employees of Altair and its subsidiaries in their conduct in the course of our business.
This statement is Altair’s response to the requirements of Section 54 of the Modern Slavery Act 2015 (“Act”).
