Altair Engineeri Stock Price, News & Analysis

Altair (Nasdaq: ALTR) and Cranfield University have signed a memorandum of understanding to advance the use of artificial intelligence, simulation, and data analytics in aerospace and robotics industries. The collaboration aims to support students, researchers, and startups in leveraging computational intelligence technologies.

The partnership comes at a strategic time when AI, machine learning, data analytics, and simulation convergence is important for innovations in autonomous space exploration, Earth observation, telecommunications, and defense. Cranfield University, the only university in Europe with its own airport and runway, is the U.K.'s largest provider of accredited aerospace and space master's degree courses.

Altair Engineering (Nasdaq: ALTR) announced that its stockholders have approved the merger agreement with Siemens Industry Software, a subsidiary of Siemens AG, during a special meeting. Under the agreement terms, Siemens Industry will acquire all outstanding shares of Altair's common stock for $113.00 per share in cash. Following the transaction's completion, Altair's securities will be delisted from public stock exchanges. The final voting results will be filed with the SEC on January 22, 2025.

Altair (Nasdaq: ALTR) has enhanced its Altair RapidMiner data analytics and AI platform with advanced AI agent capabilities. The platform now enables organizations to build and deploy AI agents that integrate graph-based intelligence, machine learning, simulations, and business rules.

Key features include an AI fabric for creating intelligent ecosystems, graph-powered contextual intelligence, seamless integration with computational systems, built-in governance, and enhanced multi-agent collaboration. The platform also offers natural language understanding, tool integration, multi-agent coordination, context awareness, and advanced planning capabilities.

Altair (ALTR) has formed a strategic partnership with CGI, a major IT consulting firm, to accelerate global IT modernization and digital transformation. The collaboration centers on Altair's RapidMiner data analytics and AI platform, featuring AI Studio and Altair SLC, a SAS language compiler that enables organizations to transition to modern analytics platforms while maintaining compatibility with SAS language programs.

The partnership combines Altair's software capabilities with CGI's business and IT consulting expertise, particularly in responsible AI implementation. This collaboration aims to help clients enhance operational efficiencies and business outcomes across various industries, including finance, healthcare, hospitality, and retail.

Altair (ALTR) and Auburn University's Samuel Ginn College of Engineering are collaborating on a $1.25 million AFWERX Phase II STTR contract to advance vortex rocket engines. The project will leverage Altair FlightStream, acquired from Research in Flight in April 2024, to develop analytical models for cyclonic flows and study vortex engine stability.

The collaboration aims to significantly reduce testing time, with FlightStream enabling predictions in minutes compared to the previous two-week timeframe. Auburn University's team, led by Dr. Joe Majdalani, will use FlightStream to identify optimal conditions within vortex engines and predict cyclonic flow performance and acoustic signature characteristics.

Altair (ALTR) announced its collaboration with Cleveland Golf on the design of the new HiBore XL Driver. Using Altair's HyperWorks platform, Cleveland Golf leveraged advanced simulation, AI, and digital twin technologies to revolutionize driver design while meeting USGA requirements. The partnership enabled rapid design exploration and optimization, resulting in innovative features like custom ribbing configurations that enhanced the club's stiffness, sound, center of gravity, and moment of inertia (MOI) while reducing weight. This collaboration demonstrates how computational intelligence can transform sports equipment manufacturing beyond traditional design limitations.

Altair (Nasdaq: ALTR) announced that several HyperWorks platform products now support NVIDIA Grace CPU and Grace Hopper Superchip architectures. Internal benchmarks showed the NVIDIA Hopper GPU series ran simulations up to twice as fast as its predecessor. According to a Lenovo study using OpenRadioss, NVIDIA Grace CPUs deliver up to 2.2x higher energy efficiency for CAE simulations compared to reference configurations. The support extends to key Altair solutions including OptiStruct, Radioss, ultraFluidX, nanoFluidX, PBS Professional, and Grid Engine.

Altair (ALTR) has entered into a collaboration agreement with aerospace startup Moya Aero through its Aerospace Startup Acceleration Program (ASAP). Moya Aero will utilize Altair's HyperWorks design and simulation platform to develop eVTOL and unmanned aerial vehicles. The collaboration aims to reduce product development time, decrease prototyping costs, and enhance system design efficiency. Moya Aero, founded in 2020 and based in Brazil, focuses on developing autonomous aircraft for sustainable cargo transportation, with the goal of becoming a market leader in high-capacity unmanned aerial vehicles.

Altair (ALTR) has signed a collaboration agreement with the European Space Agency (ESA) through the ESA Partnership Initiative for Commercialisation (EPIC). The partnership will make Altair's aerospace technology, including HyperWorks and RapidMiner platforms, available to European startups, companies, research centers, and universities collaborating with ESA. Through EPIC, ESA-supported startups will gain access to Altair's AI-powered engineering technology, simulation, data analytics, and technical mentorship to accelerate product development and testing. This initiative connects corporate, academic, and institutional partners with ESA-supported startups to enhance the commercialization pathway of European space innovation.