Altair Acquires Runtime Design Automation, Broadens Software Portfolio for High Performance Computing
Acquisition extends HPC leadership to support the EDA and Semiconductor market segments and IoT strategy
TROY, Mich. – September 28, 2017 – Altair
has acquired Runtime Design Automation (Runtime), a Santa Clara, California-based technology company specializing in scalable solutions for high performance computing (HPC). Runtime primarily serves customers leveraging electronic design automation (EDA) tools to design semiconductor devices such as CPUs, GPUs, chipsets, and System on Chip (SoC) integrated circuits. The addition of Runtime’s technology and domain expertise expands Altair’s HPC technology footprint and leadership, complementing its PBS Works™
suite for comprehensive, secure workload management for HPC and cloud environments.
“The acquisition by Altair marks a new chapter in the evolution of Runtime technology, which will benefit from significant additional resources, skillsets and support globally,” said Andrea Casotto, Founder and former CEO of Runtime, now Chief Scientist at Altair. “In addition, Altair and Runtime products’ exposure to new and adjacent markets will benefit our clients.”
The Runtime team joins Altair to share and deliver innovative and mission critical technologies to optimize the use of HPC for compute-intensive applications for specific market demands and needs.
With over two decades of experience in design automation for electronic components, Runtime bridges the gap between infrastructure and design tools, maximizing compute hardware and software license utilization. Runtime also provides designers with an advanced platform to develop and accelerate design flows – increasing operational efficiency, throughput, and time-to-market.
“The addition of the Runtime is synergistic with our technology roadmap to support the growing EDA and semiconductor market segments for HPC and our clients’ transitions to connected devices and hybrid systems,” said James R. Scapa, Altair’s Founder, Chairman and CEO. “Today, the importance of HPC is no longer limited to design and research. It is a necessity throughout the entire product lifecycle and we are committed to being a technology leader to support our clients.”
About the Altair Partner Alliance
Altair’s HyperWorks platform applies a revolutionary subscription-based licensing model in which customers use floating licenses to access a broad suite of Altair-developed, as well as third-party, software applications on demand. The Altair Partner Alliance effectively extends the HyperWorks Platform from more than 20 internally developed solutions to upwards of 60 applications with the addition of new partner applications. Customers can invoke these third-party applications at no incremental cost using their existing HyperWorks licenses. Customers benefit from unmatched flexibility and access, resulting in maximum software utilization, productivity and ROI. For more information about the Altair Partner Alliance, visit http://www.altairhyperworks.com/apa
About Granta Design
Granta Design is the leading provider of software to manage and apply information about engineering materials. Granta helps hundreds of engineering enterprises to develop corporate ‘material intelligence’ by capturing vital data, analyzing it, and using the resulting knowledge to make smart material decisions. Granta serves sectors as diverse as aerospace, automotive, medical devices, consumer electronics, and industrial equipment. Customers realize multi-million dollar benefits in reduced cost, enhanced product performance, improved quality, and faster design turnaround. Granta also provides resources to support the teaching of materials in science, education, and design courses at over 1,000 universities and colleges worldwide. Granta was founded in 1994 as a spinout from the University of Cambridge. More at www.grantadesign.com
Altair is focused on the development and broad application of simulation technology to synthesize and optimize designs, processes and decisions for improved business performance. Privately held with more than 2,600 employees, Altair is headquartered in Troy, Michigan, USA and operates more than 68 offices throughout 24 countries. Today, Altair serves more than 5,000 corporate clients across broad industry segments. To learn more, please visit www.altair.com