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Altair Engineering Acquires ACUSIM Softwared

Acquisition solidly positions Altair as a major player in the CFD market and at the forefront of multi-physics simulation

TROY, Mich. - January 11, 2011 - Altair Engineering, Inc., a leading global provider of simulation technology and engineering services that empower client innovation and decision-making, today announced it has acquired ACUSIM Software, Inc. (ACUSIM). Founded in 1994 and headquartered in Mountain View, Calif., ACUSIM is a leading developer of massively scalable, high-fidelity computational fluid dynamics (CFD) solver solutions. ACUSIM’s CFD technology and staff will be incorporated into Altair’s HyperWorks computer-aided engineering (CAE) software portfolio and operations.

ACUSIM’s AcuSolve™, a general purpose CFD solver, is a premier brand with customers worldwide, including many Fortune 500 companies, such as Bechtel, Chevron, John Deere, Procter & Gamble, Toyota, Vestas, Visteon and Whirlpool. Unlike other commercial CFD applications, AcuSolve is finite-element based, allowing it to be tightly integrated with other FEA-based technologies to solve complex fluid-structure interaction and multi-physics problems - both of which are rapidly emerging trends in the global simulation market.

"The acquisition by Altair is a perfect complement to our CFD product offerings and vision," says Dr. Farzin Shakib, founder and chief executive officer of ACUSIM Software. "Altair’s strength as a leader in pre- and post-processing, CAE solvers and optimization technologies opens new opportunities to apply AcuSolve to a broader class of problems and markets. For our valued customers, this acquisition also significantly deepens our development and support resources globally and allows our esteemed CFD technologists to be focused solely on advancing ACUSIM CFD technology."

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