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Altair Engineering
Altair has been acquired by Siemens, creating the world's most complete AI-powered portfolio of industrial software. For forty years, Altair has explored the...
Altair Engineering
Altair has been acquired by Siemens, creating the world's most complete AI-powered portfolio of industrial software. For forty years, Altair has explored the science of possibility with its customers. Altair's software has been integrated throughout the Siemens software portfolio.
General information
Firm type
Asset Manager
Year founded
1985
Location
Region
North America
Country
United States
City
Troy
Corporate office
Troy, MI, United States
Sector focus
Frequently asked questions
Who runs investment decisions at Altair?
James Scapa, the founder, has served as chairman and CEO since 1985. Altair does not operate a dedicated investment office with a separate CIO; capital allocation decisions are embedded within the company's corporate strategy. As a publicly traded entity, major strategic moves — including the October 2024 agreement to be acquired by Siemens — require board and shareholder approval.
How does Altair's licensing model work, and why does it matter for allocators?
Altair uses a patented Units licensing system that provides access to its entire simulation, AI, and HPC portfolio under a consumption-based model rather than per-seat fees. For institutional allocators evaluating the firm's capital efficiency, this structure creates recurring, usage-scaled revenue that functions like a royalty stream on engineering computation. The model has been central to Altair's commercial posture since before its 2017 IPO.
What is the Siemens acquisition, and what does it mean for Altair's governance?
In October 2024, Siemens announced a definitive agreement to acquire Altair for roughly $10.6 billion, or $113 per share. The transaction will fold Altair into Siemens' digital-industry software division, ending its run as an independent public company. Post-close, governance shifts from founder-led stewardship to integration within a multinational conglomerate, though Scapa's ongoing role has not been publicly detailed as of the announcement date.
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