# Altair Engineering

Altair Engineering is an Asset Manager based in Troy, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Troy, United States
- **Region:** North America
- **Address:** Troy, MI, United States
- **Founded:** 1985
- **Assets under management:** Undisclosed
- **Website:** altair.com

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Enterprise Software
- AI/ML

## 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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- [Veolectra](https://altss.com/profile/veolectra)
- [Leinco Technologies](https://altss.com/profile/leinco-technologies)

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Last updated: 2026-07-10T19:27:43.000Z

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