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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.” About Altair (Nasdaq: ALTR) Altair Media Contacts Altair Europe/The Middle East/Africa Altair Investor Relations Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/587db3de-44af-485d-82ca-ac20566192e0 https://www.globenewswire.com/NewsRoom/AttachmentNg/5078adf3-5214-44c2-acb9-5cf523eb2c03 https://www.globenewswire.com/NewsRoom/AttachmentNg/8b596fd5-1987-4776-a799-9ce473d9c759 https://www.globenewswire.com/NewsRoom/AttachmentNg/91b01b11-2abf-46e3-aa20-8e52cbf0e8ac |