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Siemens to acquire Altair Engineering for $10 billion

| By Mary Bailey

 
Altair Engineering is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in Simulation and Analysis, Data Science and AI, and High-Performance Computing, enabling organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world. Founded in 1985, Altair Engineering Inc. went public in 2017 (Nasdaq). Out of its more than 3,500 employees, approximately 1,400 employees work in R&D. 

Altair’s software can be used for smart design of components and systems (Source: Siemens)