A Letter From Our CEO
In our continued commitment to drive innovation forward, 2022 proved to be a successful and eventful year at Altair that included devoting substantial development resources to growth and expansion, including our data analytics and digital twin solutions, as well as the ongoing investment in our global workforce. As pioneers who empower our customers with innovative technologies and solutions, we continually look to the future to enable their sustainable initiatives.
Over the past several years, we have invested more than half a billion dollars into our data analytics solutions, including most recently, our 2022 acquisition of RapidMiner. We’ve integrated our data analytics and artificial intelligence (AI) technologies, evolved our sales and technical teams to deliver world-class implementation and support, and made our data science software available via Altair Units. The Altair RapidMiner platform delivers Frictionless AI resulting in quick, repeatable, and successful data analytics programs and helps organizations accelerate their access to insights and improve the efficiency in how they design new products.
Altair’s digital twin solution is highly differentiated, leveraging the convergence of simulation, high-performance computing (HPC), and AI. Our digital twin technology delivers transformational power for organizations to develop better, more sustainable processes and products, and allows customers to anticipate problems with solutions, choose more sustainable approaches, reduce waste and carbon emissions, and improve useful life and reusability.
We continued to prioritize enhancing our world-class culture and investing toward a better society to support diversity and sustainability. This commitment to our workforce earned us another top-50 spot on Newsweek’s Most Loved Workplaces list, by fostering a working environment where everyone is supported, validated, accepted for who they are and valued for their contributions, dedication, and creativity.
These achievements and more are why I believe Altair is poised to succeed. Our human-driven approach and steadfast commitment to our values will guide us to make the world a better place.
James R. Scapa
Founder, Chairman, and Chief Executive Officer
Altair at a Glance
$572M
FY22 Revenue
3,000+
Engineers, Scientists, and Creative Thinkers
13,000+
Customers Globally
74
Offices in 27 Countries
150+
Altair and Partner Software Products
$185M
Invested in Research and Development
PLANET
By leveraging the convergence of design and simulation, HPC, 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.
Approaches to Machine Learning-Driven Topology Optimization
Topology Optimization Helps Achieve Lightweight, Structurally Sound Structures
Enabling Customer Sustainability
Emulating Engineering Expertise with AI
Winning the Race and Staying Sustainable with Altair Solutions
Boosting 3D Printing Design with Simulation
Ford Uses Altair Inspire to Create Lightweight Components for Vehicles
Faster Design for Electromobility
C-TEC Scales Up in the Cloud with Altair and Oracle Cloud Infrastructure
Collaborating with Partners in Our Sustainability Objectives
Digital Engineering: Charting the “Phygital” Frontiers with Digital Twins
Maximizing CAE Throughput with Altair Solvers and 4th Gen AMD EPYC™ Processors
Offering Intelligent Building Solutions
Showcasing Premier Lightweighting Innovation
PEOPLE
Altair fosters a culture of global diversity, professional and personal development, and innovation.
I’m proud of the work we continue to make in our quest to further diversify our global teams, embrace our values, and make our organization more equitable. Some of this inspiring work includes:
Altair’s global internship: Our global interns play critical roles and help us turn today’s problems into tomorrow’s sustainable opportunities.
Education sponsorship: We’re committed to funding scholarships and educational programs for underrepresented groups through diversity partners and global university programs.
Raising the bar on wellness: We strive to offer the best health practices to foster wellness and encourage our employees (and community members) to lead healthy, sustainable lifestyles.
Empowering diversity through ERGs: The success of our employee resource groups (ERGs) lies directly with their incredible members – their bold ideas and commitment spark change internally and externally.
Here, we believe that empowering each individual encourages an entrepreneurial mindset and collaboration. We’ve created a culture where our diversities, support of inclusion, and unique experiences are embraced and essential to our success.
Gilma Saravia
Chief People Officer
Our Values
Changing Tomorrow, Together
These values have been at the heart of Altair since the company was established. Our four values are the DNA that fuel the way we innovate, the way we collaborate and problem solve, the way we communicate effectively, and the way we 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 without boundaries.
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 achieve endless possibilities.
A Remarkable Year
Awards and Progress Showcase Our World-Class Culture
As a direct result of our outstanding innovation, dedication to our customers, and hard work, we won numerous awards that recognize our world-class culture, leadership, and global team.
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. With more than 3,000+ employees, our retention rate is well beyond the industry standard and is a testament to our engaging, inclusive culture.
75+
Languages Spoken
73%
Technical Employees
50
Nationalities
40%
Early Career Hires
8+ Years
Average Tenure of Current Workforce
5+ Years
Average Tenure of Voluntary Attrition
Retention Rates
With more than 3,000+ employees, 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 embraced and 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
WiT:
Women in Technology
ABERN:
Altair Black Employee Resource Network
30+ Events
sponsored globally by ERGs
PRODUCTS
We offer cloud-based applications which lets multiple organizations efficiently scale and share infrastructure, which eliminates countless independent compute server installations and gives them access to a host of applications that drive sustainable design.
Altair is at the forefront of the evolution toward a smarter, more connected world by pioneering the convergence of simulation, HPC, AI, and data analytics solutions. Convergence is about building seamless solutions and introducing highly engineered products into the market that support data-driven decisions. Our software technology and consulting services help our customers bring safer and more sustainable products to market faster by optimizing material use and reducing cost, weight, and carbon footprint.
Srikanth “Sam” Mahalingam
Chief Technology Officer
Altair CSR Products
| Sustainability Goal | Reduced Material Usage | Renewable Materials and Energy | Electrification and Advanced Communications | Waste Stream Reduction | Reduced Fuel Consumption |
|---|---|---|---|---|---|
| International Energy Agency (IEA) Target | Pursuing material efficiency strategies to their practical limit in the material efficiency variant reduces steel use by an additional 15% and cement use by another 17% in 2060. | Carbon emissions net zero by 2050. | Almost 30% of the 170 Gt CO2 cumulative emissions reductions from the use of low-emissions electricity in the NZE comes from technologies that are currently at prototype or demonstration stage, such as electricity-based primary steel production or electric trucks. | The goal aims to substantially reduce waste generation through prevention, reduction, recycling, and reuse. | A general rule is that a 6-7% reduction in specific fuel consumption can be achieved for each 10% reduction in vehicle kerb weight. |
| Altair Products | Altair® DesignAI™, Altair® EDEM™, Altair® HyperMesh®, Altair® OptiStruct®, Altair® Radioss®, Altair® SimLab®, Altair SimSolid®, Altair® S-FRAME®, Altair® S-TIMBER™ | Altair® AcuSolve®, Altair® DesignAI™, Altair® HyperMesh®, Altair® OptiStruct®, Altair® Radioss®, Altair® SimLab®, Altair SimSolid®, Altair® ultraFluidX®, Altair® S-TIMBER™ | Altair® Twin Activate™, Altair Compose®, Altair® EEVision™, Altair Embed®, Altair® Feko®, Altair® Flux®, Altair FluxMotor®, Altair® Pollex™, Altair® PSIM™ | Altair® Monarch®, Altair® Panopticon™, Altair® RapidMiner® Cloud, Altair® RapidMiner® Studio, Altair SLC™, Altair® S-TIMBER™ | Altair® AcuSolve®, Altair® DesignAI™, Altair® HyperMesh®, Altair® OptiStruct®, Altair® Radioss®, Altair® SimLab®, Altair SimSolid®, Altair® ultraFluidX® |
| Altair Solutions | Structural Analysis and Optimization | Structural Analysis, Optimization, and CFD | Electromagnetics, Electronic System Design, and Systems Modeling | AI, Data Analytics, Data Streaming, and Visualization | Structural Analysis, Optimization, and CFD |
*Altair Products as of March 31, 2022
Case Studies
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 and better than ever before.
Data Analytics and AI
HPC and Cloud
Simulation and Design
Driving Model-Based Design to Accelerate Automotive Electrical Service
Academic Program
Altair seeks to prepare future innovators to drive decisions that leverage the convergence of simulation, HPC, and AI to predict and optimize system outcomes. Multiple universities benefit from free campus-wide licenses of Altair software and hundreds of student-competition teams are designing cleaner, electrified vehicles with help from Altair. Additionally, high school students involved with FIRST Robotics are building better robots with Altair technology.
Where Students and Professors Use Altair Solutions
6,000+
Universities Globally
160
Countries
1,000+
Courses
Users of Altair Solutions
100,000+
Students
3,100+
Professors
Learn more about Altair’s capabilities.
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PRACTICES
Altair is committed to protecting the privacy of the data we collect as detailed in our Data Security and Data Privacy policy. We have developed – and continue to improve – governance and compliance structures for data privacy, implement employee training and awareness on cybersecurity, and conduct regular risk assessments to ensure our software products, services, and solutions are secure.
Jeff Marraccini
Chief Information Security Officer
Data Security and Data Privacy
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.
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”).
