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Altair to Acquire Visual Solutions [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) Altair reported that it intends to acquire Visual Solutions, Inc. Altair announced that the transaction is expected to close by the end of July. "Product innovation is increasingly driven by embedded systems, prompting higher demand for powerful development and testing tools," said Michael Hoffmann, Senior Vice President, Math and Systems at Altair. "Visual Solutions has been at the forefront of this domain for over twenty years. Altair is in the business of helping customers drive innovation by the use of computer-aided engineering in the product development process. A move to expand our portfolio in the direction of embedded systems is a logical extension of the company's commitment to simulation-driven design." "Partnering with Altair will bring current and future VisSim users many benefits, including integration with a world-class engineering organization and software portfolio," noted Peter Darnell, President and Owner of Visual Solutions. "Moreover, Altair's steadfast commitment to elite customer service and technical support mirrors our own and bodes well for the future." Visual Solutions is the maker of VisSim, a visual language for mathematical modeling, simulation, and model-based embedded system development used by scientists and engineers. More information: www.altair.com www.vissim.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. [ Back To TMCnet.com's Homepage ] |