Its consultancy services accounted for the majority of the company's revenue until 2004, when the sale and licensing of software overtook that. In addition to its software production, Altair hires out engineering consultants to its corporate clientele.

Also in 2002, Altair opened offices in Seongnam, South Korea and Shanghai, China, adding those locales to its international footprint alongside India where it had begun investment in 1992. In 2002, Altair software aided in the design of the Airbus A380 by weight optimizing the aircraft wing ribs. Its software also found uses in other sectors, including aerospace ( NASA), aviation ( Airbus), consumer electronics ( Nokia), and toy manufacturing ( Mattel), among others. Its software also aided in the development of the Young America and AmericaOne racing yachts, the former of which was used to compete in the 1995 America's Cup. Some of Altair's early clients included the Ford Motor Company, General Motors, and Chrysler. In the 1990s, it became known for its software products like HyperWorks, OptiStruct, and HyperMesh, which were often used for product development by the automotive industry. Initially, Altair started as an engineering consulting firm, but branched out into product development and computer-aided engineering (CAE) software. Since the company's outset, Scapa has served as its CEO (and now chairman).

Scapa, George Christ, and Mark Kistner in Troy, Michigan. History Founding Īltair Engineering was founded in 1985 by James R.

It is traded on the Nasdaq stock exchange under the stock ticker symbol ALTR. The company was founded in 1985 and went public in 2017.

Altair Engineering is the creator of the HyperWorks CAE software product, among numerous other software packages and suites. It provides software and cloud solutions for simulation, IoT, high performance computing (HPC), data analytics, and artificial intelligence (AI). is an American multinational information technology company headquartered in Troy, Michigan.

Altair inspire software