Altair Engineering Inc. Overview
Pro stress-test →Altair Engineering was acquired by Siemens in 2025 for $10.6 billion, becoming part of the world's leading industrial software portfolio. The company develops and provides software and cloud services for product development, high-performance computing (HPC), simulation, artificial intelligence, and data intelligence. Altair serves 16,000+ customers across every industry with 20+ products that have helped reduce millions of tons of CO2 emissions through optimization technologies.
Strategic Profile
Pro stress-test →The acquisition strengthens Siemens' position by integrating Altair's capabilities in simulation, HPC, data science, and AI into the Siemens Xcelerator platform. The company is known as the creator of the HyperWorks CAE software product and numerous other software packages and suites, serving industries from aerospace and automotive to marine and pharmaceuticals.
Competitive Landscape
Pro stress-test →Altair competes in enterprise CAE and simulation software markets serving aerospace, automotive, electronics, and consumer goods sectors. The company's HyperWorks suite has historically been used by major OEMs including NASA, Airbus, and Mattel. Within Siemens, Altair's simulation and AI capabilities complement the broader digital twin and industrial software portfolio.
Industry Context
Altair Engineering Inc. operates in Engineering simulation and CAE software.
Key facts
Founded: 1985 · Headquarters: Troy, Michigan, US · Employees: 3,000+