Altair Signs Agreement to Acquire Metrics Design Automation Inc. Expands Footprint in EDA Industry
Altair Engineering Inc. - Class A (ALTR)
Last altair engineering inc. - class a earnings: 2/27 04:05 pm
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Source: PR Newswire
Flagship product, DSim, is the first-of-its-kind EDA simulation as a service solutionTROY, Mich., July 1, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced it has entered into a definitive agreement to acquire all of the outstanding capital stock of Metrics Design Automation Inc. (Metrics), a Canadian company with a game changing simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification. Closing of the transaction is subject to customary conditions.The Metrics digital simulator, DSim, when combined with Altair's Silicon Debug Tools, will deliver a world-class, advanced simulation environment with superior simulation and debug capabilities in the EDA and semiconductor space. The cloud-based business model has the potential to transform the semiconductor space by making high caliber EDA design tools much more affordable and accessible for companies looking to aggressively sc
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News
- Altair (ALTR) Intends to Buy Metrics, Expands in the EDA Market [Yahoo! Finance]Yahoo! Finance
- Software and services stocks with relative strength through the correction - Oppenheimer [Seeking Alpha]Seeking Alpha
- Altair Signs Agreement to Acquire Metrics Design Automation Inc. Expands Footprint in EDA IndustryGlobeNewswire
- Altair Signs Agreement to Acquire Metrics Design Automation Inc. Expands Footprint in EDA IndustryPR Newswire
- Altair Signs Agreement to Acquire Metrics Design Automation Inc. Expands Footprint in EDA IndustryPR Newswire
ALTR
Earnings
- 5/2/24 - Beat
ALTR
Sec Filings
- 7/1/24 - Form 4
- 7/1/24 - Form 4
- 7/1/24 - Form 4
- ALTR's page on the SEC website