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Altair One® Cloud Innovation Gateway Now Available on Google Cloud Marketplace

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary

Altair (Nasdaq: ALTR), a leader in computational intelligence, announced the availability of Altair One® on Google Cloud Marketplace. This integration allows users to access advanced simulation, data analytics, and high-performance computing (HPC) capabilities seamlessly. Altair One aims to enhance collaborative engineering and analytical application development. It provides unified access to tools and resources, leveraging AI to optimize product development processes. Google Cloud users can now utilize Altair's Bring Your Own Cloud (BYOC) functionality to run applications efficiently. This collaboration is expected to boost engineering innovations by utilizing Google's scalable cloud infrastructure.

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Positive

  • Availability on Google Cloud Marketplace expands user access to Altair One's digital engineering tools.
  • Integration provides seamless access to advanced simulation, data analytics, and HPC capabilities.
  • Altair One offers unified access to tools, data, and computing resources.
  • Leverages AI to optimize the product development life cycle.
  • Google Cloud's infrastructure supports scalable and flexible deployment of Altair One.
  • Altair One's platform breaks down data silos and connects virtual models.
  • Enables the creation of a 'One Total Twin' of a product throughout its lifecycle.
  • Automates data capture and enhances decision-making processes.

Negative

  • No specific financial data or growth projections provided.
  • Potentially high reliance on Google Cloud's infrastructure.
  • No mention of user adoption rates or initial performance metrics.

News Market Reaction 1 Alert

+2.68% News Effect

On the day this news was published, ALTR gained 2.68%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Addition will expand access to Altair's digital engineering experience

TROY, Mich., June 17, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that Altair One®, Altair's cloud innovation gateway, is now available on Google Cloud Marketplace, opening up a world of possibilities for users seeking seamless access to powerful simulation, data analytics, and high-performance computing (HPC) capabilities.

Altair One is designed for collaborative engineering, data engineering, and analytical application development. Built on a robust HPC backbone, Altair One provides seamless, unified access to tools, data, and computing resources while unleashing the power of artificial intelligence (AI) across every step of the product development life cycle.

Google Cloud Marketplace customers can now leverage Bring Your Own Cloud (BYOC) functionality to run Altair simulation, AI, and data analytics applications. 

"The integration of Altair One with the Google Cloud Marketplace empowers Google Cloud users to effortlessly unlock a world of innovative solutions. This collaboration will fuel engineering breakthroughs with the power of Google Cloud's adaptable, flexible, and scalable cloud infrastructure," said Sam Mahalingam, chief technology officer, Altair. "This integration aligns perfectly with our core mission of equipping businesses for digital success and making powerful software solutions readily accessible to users."

"Bringing Altair One to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the platform on Google Cloud's trusted, global infrastructure," said Dai Vu, managing director, Marketplace and ISV GTM Programs, Google Cloud. "Altair can continue to securely scale and support customers on their digital transformation journeys."

Altair One is the gateway that empowers organizations to mature into digital enterprises by breaking down data silos, connecting virtual models, optimizing their compute infrastructure, and digitizing key processes. It provides all the tools to create a "One Total Twin" of a product throughout its lifecycle, "One Traceable Thread" connecting all data stages, and a "Single Source of Truth" for all models and data. This all-in-one platform automates data capture, empowers better decision-making, enhances performance management, and ultimately accelerates engineering processes for a seamless digital experience.

To learn more, visit https://console.cloud.google.com/marketplace/product/altair/altair-one-private?hl=en&project=altair-public.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.

Media contacts


Altair Corporate

Altair Investor Relations

Bridget Hagan  

Stephen Palmtag

+1.216.769.2658

+1.669.328.9111

corp-newsroom@altair.com

ir@altair.com



Altair Europe/The Middle East/Africa


Charlotte Hartmann


+49 7031 6208 0


emea-newsroom@altair.com


 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/altair-one-cloud-innovation-gateway-now-available-on-google-cloud-marketplace-302173115.html

SOURCE Altair

FAQ

What is Altair One®?

Altair One® is a cloud innovation gateway designed for collaborative engineering, data engineering, and analytical application development, now available on Google Cloud Marketplace.

What can users do with Altair One® on Google Cloud?

Users can access advanced simulation, data analytics, and high-performance computing capabilities, leveraging AI to optimize product development processes.

What is the significance of Altair One's availability on Google Cloud Marketplace?

This availability expands access to Altair One's tools, empowering Google Cloud users to deploy and manage digital engineering solutions more effectively.

How does Altair One benefit engineering and analytical application development?

Altair One provides unified access to essential tools, data, and computing resources, enhancing collaboration and optimizing the development lifecycle.

What is BYOC functionality in Altair One®?

Bring Your Own Cloud (BYOC) functionality allows users to run Altair simulation, AI, and data analytics applications on their cloud infrastructure.
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