Altair Acquires S&WISE Co., Ltd.
TROY, Mich., July 27, 2020 (GLOBE NEWSWIRE) -- Altair, (Nasdaq: ALTR) a global technology company providing solutions in product development, high-performance computing (HPC), and data analytics, today announced the acquisition of S&WISE Co., Ltd., a Seoul-based leading provider of polyurethane foaming simulation.
The acquisition will allow Altair to offer customers the most advanced solution for polyurethane foam processing on the market. S&WISE accurately simulates the injection, foaming, and gelling processes, accounting for the important effects of chemical reactions during the process. An enhanced version of S&WISE’s solver will be released within Altair Inspire™ PolyFoam, providing the ease-of-use and productivity of other Inspire solutions. Customers will be able to:
“Polyurethane foam is used in a vast array of industries and products including automotive interiors, recreational equipment, and medical devices. S&WISE enables us to offer another critical manufacturing simulation and design solution to our customers,” said Jmes Scapa, Altair’s chief executive officer and founder.
The S&WISE solver and technology complements Altair’s existing Inspire manufacturing simulation offerings including casting, forming, mold-filling, extrusion, and additive manufacturing. S&WISE brings deep technical knowledge and more than a decade of experience serving global manufacturing customers.
“We are thrilled to join the global powerhouse that is Altair,” said Lee Sungyoon, chief executive officer and founder of S&WISE. “Our solutions will bolster their already outstanding portfolio of solvers and solutions.”
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