Altair Engineering Inc.
altair.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 10-K, filed Feb 20, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Apr 7, 2025.
10-K for FY2024, filed Feb 20, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Sells simulation and design software, high-performance computing tools, and data analytics and artificial intelligence software to manufacturers, financial-services firms and other technical organizations.
10-K for FY2024, filed Feb 20, 2025Altair Engineering Inc. (“Altair,” the “Company,” “we,” “us” or “our”) is a global leader in computational intelligence that provides…View ↗
Our simulation and AI-driven approach to innovation is powered by our broad portfolio of high-fidelity and high-performance physics…View ↗
As of December 31, 2024, we had more than 13,000 customers worldwide. Our simulation and HPC customers are primarily large manufacturing…View ↗
Who Were Their Customers?
Manufacturers, financial-services and health-care organizations, and technical teams in other industries use Altair's software. Altair reaches enterprise customers mainly through its direct sales force, with resellers and systems integrators also selling to end users.
10-K for FY2024, filed Feb 20, 2025As of December 31, 2024, we had more than 13,000 customers worldwide. Our simulation and HPC customers are primarily large manufacturing…View ↗
We engage with our enterprise customers through Altair’s experienced direct sales force. We are increasing our use of inside sales and…View ↗
Approximately 87% of our 2024 software revenue was generated through our direct global sales force. These sales teams interact with key…View ↗
We leverage indirect sales channels especially in APAC and Eastern Europe and have been investing to extend our reseller relationships in…View ↗
How Were They Changing?
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Mar 28, 2025
Altair completed the merger
Sources
8-K, filed Mar 28, 2025
The consummation of the Merger constitutes a Share Exchange Event, a Fundamental Change and a Make-Whole Fundamental Change (each as…View ↗
Who Did They Compete With?
Competes with Dassault Systèmes, Siemens, Ansys, Hexagon, SAS Institute, and Alteryx
10-K for FY2024, filed Feb 20, 2025The market for simulation, HPC, data analytics, and AI software is highly fragmented. Our primary competitors include companies such as…View ↗
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