Altair Acquires S&WISE Co., Ltd.
July 27 2020 - 7:00AM
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:
- Check manufacturing feasibility early
- Reduce manufacturing defects
- Reduce cycle time by designing accurate gating locations and
feed rates
- Leverage the best-in-class solver technology with a fast,
highly accurate solution
- Utilize the included material database for commonly used
foaming and tooling materials
“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 James 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 is a global
technology company that provides software and cloud solutions in
the areas of product development, high performance computing (HPC),
and data analytics. Altair enables organizations across broad
industry segments to compete more effectively in a connected world
while creating a more sustainable future. To learn more,
please visit www.altair.com.
Altair Media Contacts Corporate Jennifer Ristic
+1.216.849.3109 jristic@altair.com
Altair Europe/The Middle East/AfricaEvelyn Gebhardt+49 7031 6208
0gebhardt@altair.de
Altair Investor Relations The Blueshirt Group
Monica Gould +1.212.871.3927 ir@altair.com
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