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Altair Releases Altair Unlimited Data Analytics Appliance

Modern, turnkey solution offers unprecedented data analytics capabilities through an out-of-the-box, user-ready, plug-and-play offering TROY, Mich., June 28, 2022 /PRNewswire/ Altair(Nasdaq: ALTR), a global leader in computational science, high performance computing (HPC) and artificial intelligence (AI), is thrilled to announce it has launched the Altair Unlimited data analytics appliance, an all-in-one turnkey solution, which will democratize enterprise-wide data analytics and empower users to glean more data insights than ever. The Altair Unlimited data analytics appliance - which is built on Dell PowerEdge R750 servers - is designed to foster enterprise-wide, data-driven strategies by giving teams the power to use data analytics and AI to gain competitive advantages and drive next-level business results. "Dell Technologies is a longtime partner and we are thrilled to take the Altair Unlimited data analytics appliance to market with them. After the incredible success of the A ....

Sam Mahalingam , Dell Poweredge , Charlotte Hartmann , Monica Gould , Altair Europe , Dell Technologie , Jennifer Ristic , Blueshirt Group , Altair Unlimited , Altair Analytics , Smartworks Hub , Analytics Workbench , Urnkey Solution Offers Unprecedented Data Analytics Capabilities Through An Out Of The Box , Ser Ready , Lug And Play Offering Troy , June 28 , 022 Prnewswire Altair Nasdaq Altr , A Global Leader In Computational Science , Igh Performance Computing Hpc And Artificial Intelligence Ai , S Thrilled To Announce It Has Launched The Altair Unlimited Data Analytics Appliance , N All In One Turnkey Solution , Hich Will Democratize Enterprise Wide Data Analytics And Empower Users To Glean More Insights Than Ever The Altair Unlimited Appliance Which Is Built On Dell Poweredge R750 Servers Designed Foster , Ata Driven Strategies By Giving Teams The Power To Use Data Analytics And Ai Gain Competitive Advantages Drive Next Level Business Results Quot Dell Technologies Isa Longtime Partner We Are Thrilled Take Altair Unlimited Appliance Market With Them After Incredible Success Of Simulation , E Wanted To Give Customers The Same Type Of Opportunities In Data Analytics And Ai Sphere , Uot Said Sam Mahalingam , Chief Technology Officer ,

Altair Announces Pricing of Offering of $200 Million of Convertible Senior Notes

TROY, Mich., June 10, 2022 /PRNewswire/ Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced the pricing of $200 million aggregate principal amount of Convertible Senior Notes due 2027 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Altair also granted the initial purchaser of the notes a 13-day option to purchase up to an additional $30 million aggregate principal amount of notes. The sale of the notes to the initial purchaser is expected to settle on June 14, 2022, subject to customary closing conditions, and is expected to result in approximately $194.6 million (or approximately $223.9 million if the initial purchaser exercises its option to purchase additional notes in full) in net proceeds to Altair after deducting the initial purcha ....

United States , Dave Simon , Monica Gould , Exchange Commission , Blueshirt Group , Convertible Senior Notes , Securities Act , Common Stock , Nasdaq Global Select Market , Private Securities Litigation Reform Act , June 10 , 022 Prnewswire Altair Nasdaq Altr , A Global Leader In Computational Science And Artificial Intelligence , Oday Announced The Pricing Of 200 Million Aggregate Principal Amount Convertible Senior Notes Due 2027 Quot Ina Private Offering To Persons Reasonably Believed Be Qualified Institutional Buyers Pursuant Rule 144a Under Securities Act 1933 , S Amended The Quot Securities Act Altair Also Granted Initial Purchaser Of Notesa 13 Day Option To Purchase Up An Additional 30 Million Aggregate Principal Amount Notes Sale Is Expected Settle On June 14 , Ubject To Customary Closing Conditions , Nd Is Expected To Result In Approximately 194 6 Million Or 223 9 If The Initial Purchaser Exercises Its Option Purchase Additional Notes Full Net Proceeds Altair After Deducting 39s Discounts And Commissions Estimated Offering Expenses Payable By Will Be Senior , Nsecured Obligations Ofaltair The Notes Will Bear Interest Ata Rate Of 1 750 Per Year , Ayable Semi Annually In Arrears On June 15 And December Of Each Year , Eginning On December 15 , 022 The Notes Will Mature On June 15 , 027 Unless Earlier Repurchased , Edeemed Or Converted Altair May Not Redeem The Notes Prior To June 20 , 025 Altair May Redeem For Cash All Or , Ubject To Certain Limitations , Ny Portion Of The Notes ,

Altair Expands Electronic System Design Technology with Acquisition of Concept Engineering

TROY, Mich., June 13, 2022 /PRNewswire/ Altair(Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Concept Engineering, the leading provider of electronic system visualization software that accelerates the development, manufacture, and service of complex electrical and electronic systems. Concept Engineering provides automatic schematic generation tools, electronic circuit and wire harness visualization platforms that provide on-the-fly visual rendering, and electronic design debug solutions. "Concept Engineering's advanced, reactive visualization technology is a best-in-class solution to help organizations accelerate their designs that have specific design architecture requirements, as well as rigorous service needs," said James R. Scapa, founder and chief executive officer, Altair. "Integrating this technology into our electronic system design suite will offer our customers comprehensive and fast visual representatio ....

Jamesr Scapa , Evelyn Gebhardt , Monica Gould , Altair Europe , Jennifer Ristic , Blueshirt Group , Concept Engineering , Gerhard Angst , Electronic System Design , Altair Units , June 13 , 022 Prnewswire Altair Nasdaq Altr , A Global Leader In Computational Science And Artificial Intelligence Ai , Cquired Concept Engineering , He Leading Provider Of Electronic System Visualization Software That Accelerates The Development , Nd Service Of Complex Electrical And Electronic Systems Concept Engineering Provides Automatic Schematic Generation Tools , Lectronic Circuit And Wire Harness Visualization Platforms That Provide On The Fly Visual Rendering , Nd Electronic Design Debug Solutions Quot Concept Engineering 39s Advanced , Eactive Visualization Technology Isa Best In Class Solution To Help Organizations Accelerate Their Designs That Have Specific Design Architecture Requirements , S Well As Rigorous Service Needs , Uot Said Jamesr Scapa , Founder And Chief Executive Officer , Ltair Quot Integrating This Technology Into Our Electronic System Design Suite Will Offer Customers Comprehensive And Fast Visual Representations Of Complex Models Debug Capabilities For Systems Concept Engineering 39s Visualization Semiconductor Is Available Asa Standalone Solution Also Tightly Integrated More Than 40 Oem Automation Eda Cad Tools To Provide End Users With Smart Debugging Functionality While Saving Months Time Support Computer Aided Tool Development Teams Has In Three Primary Market Segments Provides Innovative Solutions , Nhancing Semiconductor Design Quality And Time To Market These Solutions Cover Electronic Systems , Egister Transfer Level Rtl , Nd Transistor Design Abstractions ,

Altair Announces Proposed Private Offering of $200 Million of Convertible Senior Notes

TROY, Mich., June 9, 2022 /PRNewswire/ Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced its intention to offer, subject to market conditions and other factors,$200 millionaggregate principal amount of Convertible Senior Notes due 2027 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").Altairalso expects to grant the initial purchaser of the notes a 13-day option to purchase up to an additional$30 millionaggregate principal amount of notes (the "additional notes"). The notes will be senior, unsecured obligations ofAltair, and interest on the notes will be payable semi-annually in arrears. Upon conversion, Altair will satisfy its conversion obligation by paying and/or delivering, as the case may be, cash, shares of Altair's Cl ....

United States , Dave Simon , Monica Gould , Exchange Commission , Convertible Senior Notes , Securities Act , Common Stock , Private Securities Litigation Reform Act , June 9 , 022 Prnewswire Altair Nasdaq Altr , A Global Leader In Computational Science And Artificial Intelligence , Oday Announced Its Intention To Offer , Ubject To Market Conditions And Other Factors , 00 Millionaggregate Principal Amount Of Convertible Senior Notes Due 2027 The Quot Ina Private Offering To Persons Reasonably Believed Be Qualified Institutional Buyers Pursuant Rule 144a Under Securities Act 1933 , S Amended The Quot Securities Act Altairalso Expects To Grant Initial Purchaser Of Notesa 13 Day Option Purchase Up An Additional 30 Millionaggregate Principal Amount Notes Will Be Senior , Nsecured Obligations Ofaltair , Nd Interest On The Notes Will Be Payable Semi Annually In Arrears Upon Conversion , Ltair Will Satisfy Its Conversion Obligation By Paying And Or Delivering , S The Case May Be , Hares Of Altair 39s Classa Common Stock Ora Combination Cash And Shares The , T Altair 39s Election The Interest Rate , Onversion Rate And Other Terms Of The Notes Are To Be Determined Upon Pricing Offering Altair Intends Use All Ora Portion Net Proceeds From Finance Repurchase Ofa 39s 0 250 Convertible Senior Due 2024 Quot Described Below Any Remaining For Working Capital General Corporate Purposes , Hich May Include Potential Acquisitions And Strategic Transactions As Well Repurchases Of Its Classa Common Stock From Time To , Ltair Evaluates Potential Acquisitions And Strategic Transactions Of Businesses , R Products However , Ltair Has Not Designated Any Specific Uses And No Current Agreements Withrespect To Material Acquisition Or Strategic Transaction Altair 39s Intentions With Respect Its Use Of Such Net Proceeds Are Subject Change Contemporaneously The Pricing Notes ,