Altair Engineering Overview

  • Year Founded
  • 1985

Year Founded

  • Status
  • Public

  • Employees
  • 3,555

Employees

  • Stock Symbol
  • ALTR

Stock Symbol

  • Investments
  • 43

  • Share Price
  • $89.81
  • (As of Thursday Closing)

Altair Engineering General Information

Description

Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.

Contact Information

Website
www.altair.com
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Business/Productivity Software
Stock Exchange
NAS
Corporate Office
  • 1820 East Big Beaver Road
  • Troy, MI 48083
  • United States
+1 (248) 000-0000

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Altair Engineering Stock Performance

(As of Thursday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$89.81 $86.91 $55.33 - $92.92 $7.34B 82.5M 394K -$0.21

Altair Engineering Financials Summary

In Thousands,
USD
TTM 30-Sep-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021 FY 2020 31-Dec-2020
EV 5,001,247 3,670,843 5,869,289 4,290,851
Revenue 601,631 572,221 532,179 469,921
EBITDA 32,149 11,668 37,421 37,436
Net Income (16,536) (43,429) (8,794) (10,500)
Total Assets 1,251,991 1,204,738 1,163,275 829,902
Total Debt 339,536 340,065 229,188 252,916
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Altair Engineering Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Altair Engineering Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product
Business/Productivity Software
Troy, MI
3,555 As of 2023
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Canonsburg, PA
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Irvine, CA
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Altair Engineering Competitors (60)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ansys Formerly PE-Backed Canonsburg, PA 0000 00000 000000&0 00000
Alteryx Formerly VC-backed Irvine, CA 0000 00000 000000000000 00000
Autodesk Corporation San Francisco, CA 00000 00.00 000000000 00.00
Altair PBS Works Corporate Backed or Acquired Troy, MI 00000 000000&0 00000
Centric Software Formerly VC-backed Campbell, CA 000 00000 000000&0 00000
You’re viewing 5 of 60 competitors. Get the full list »

Altair Engineering Patents

Altair Engineering Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20230342195-A1 Workload scheduling on computing resources Pending 21-Apr-2022 0000000000
EP-4292028-A1 Systems and methods for improving a design of article using expert emulation Pending 12-Feb-2021 000000000
US-20230214586-A1 Automatic data extraction Pending 12-Jun-2020 000000000
US-20210081891-A1 Systems and methods for tracking beer kegs and other fluid vessels Inactive 17-Sep-2019 00000000000
US-20200379813-A1 Allocation of cloud computing resources Active 31-May-2019 G06F9/5033
To view Altair Engineering’s complete patent history, request access »

Altair Engineering Executive Team (51)

Name Title Board Seat Contact Info
James Scapa Founder, Chief Executive Officer & Chairman
Matthew Brown Chief Financial Officer
Stephanie Buckner Chief Operating Officer
Ravi Kunju Executive & Chief Strategy Officer, Strategy
Mahalingam Srikanth Chief Technology Officer
You’re viewing 5 of 51 executive team members. Get the full list »

Altair Engineering Board Members (12)

Name Representing Role Since
James Anderson Altair Engineering Board Member 000 0000
James Scapa Altair Engineering Founder, Chief Executive Officer & Chairman 000 0000
Jan Kowal Altair Engineering Board Member 000 0000
Mary Boyce Altair Engineering Board Member 000 0000
Sandy Carter Altair Engineering Board Member 000 0000
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Altair Engineering Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Altair Engineering Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Altair Engineering Investments & Acquisitions (43)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
OmniQuest 02-Oct-2023 0000000000 Business/Productivity Software 00000 000
XLDyn (OmniV Technology) 27-Jul-2023 000000000 Other Information Technology 00000 000
Xscape Photonics 08-Oct-2022 0000 00000 0000 Computers, Parts and Peripherals 00000 000
RapidMiner 21-Sep-2022 0000000000 00000 Business/Productivity Software 00000 000
Concept Engineering (Germany) 09-Jun-2022 Merger/Acquisition 000.00 Business/Productivity Software
You’re viewing 5 of 43 investments and acquisitions. Get the full list »

Altair Engineering Subsidiaries (14)

Company Name Industry Location Founded
Green Wolf Environmental Services (B2B) Rome, Italy 2021
Gen3D IT Consulting and Outsourcing Bath, United Kingdom 0000
CassiniPLM Business/Productivity Software Hyderabad, India 0000
Solid Iris Technologies Business/Productivity Software Athens, Greece 0000
RapidMiner Business/Productivity Software Boston, MA 0000
You’re viewing 5 of 14 subsidiaries. Get the full list »

Altair Engineering ESG

Risk Overview

Risk Rating

Updated May, 17, 2023

24.91 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 15,605

Rank

00.00

Percentile

Software & Services

Industry

00 of 1,075

Rank

00.00

Percentile

Enterprise and Infrastructure Software

Subindustry

00 of 431

Rank

00.00

Percentile

To view Altair Engineering’s complete esg history, request access »

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