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The Science of Possibility

2024 Corporate Sustainability Report

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A Letter From Our CEO

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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


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Altair at a Glance

Driving positive change with innovation intelligence

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$666M

FY24 Revenue

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3,000+

Engineers, Scientists, and Creative Thinkers

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16,000+

Customers Globally

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81

Offices in 29 Countries

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180+

Altair and Partner Software Products

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25%+ of Revenue

Invested in Research and Development

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PEOPLE

Altair fosters a global culture of diversity, professional and personal development, and innovation.

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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.

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Envision the Future

We follow a long-term vision that transforms markets and creates new opportunities for a sustainable future.

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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.

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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.

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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.

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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

Donut chart displaying Altair's 2024 Retention Rate of 92.6 percent, with only 7.4 percent total turnover.

Retention Rate

Our retention rate is well beyond the industry standard and is a testament to our engaging, inclusive culture.

Infographic displaying percentages of gender diversity at Altair. In 2024, Altair's employee base was 22 percent female, with 25 percent female external hires. CEO Direct Reports was 43 percent female, and our Board of Directors was 43 percent female.

Gender Diversity

The unique perspectives, ideas, and experiences that women bring to Altair are essential to our success.

In 2024, Altair’s Intern Program had 100% participant satisfaction and represented 195 universities in 20 countries. 32% of internships in Greece converted to full-time employment, followed by 17% in India, 10% in the U.S. and an overall 16% globally.

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

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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.

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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 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.

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.

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.”

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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™.

Watch Altair CEO Jim Scapa's thought-provoking fireside chat with Dean Kamen, founder of FIRST Robotics


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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.

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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.

Learn More
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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.

Altair Enlighten Award Showcases Premier Lightweighting Innovation

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PRODUCTS

Altair Chief Technology Officer Sam Mahalingam

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 One®

Altair One®

Cloud Innovation Gateway

Altair® HyperWorks®

Altair® HyperWorks®

Design and Simulation Platform

Altair® HPCWorks®

Altair® HPCWorks®

HPC and Cloud Platform

Altair® RapidMiner®

Altair® RapidMiner®

Data Analytics and AI Platform

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.”

General Motors

General Motors

Argonne National Laboratory

Argonne National Laboratory

LG Electronics

LG Electronics

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.

Learn more about Altair’s capabilities.

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PRACTICES

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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


Changing tomorrow, together

Sustainability is one of Altair’s driving values and we’re doing our part to ensure a cleaner, safer, greener future for all.

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