Some of Altair's early clients included the Ford Motor Company, General Motors, and Chrysler. In the 1990s, it became known for its software products like HyperWorks, OptiStruct, and HyperMesh, which were often used for product development by the automotive industry. Initially, Altair started as an engineering consulting firm, but branched out into product development and computer-aided engineering (CAE) software.

Since the company's outset, Scapa has served as its CEO (and now chairman). Scapa, George Christ, and Mark Kistner in Troy, Michigan. History Founding Īltair Engineering was founded in 1985 by James R. It is traded on the Nasdaq stock exchange under the stock ticker symbol ALTR. The company was founded in 1985 and went public in 2017. Altair Engineering is the creator of the HyperWorks CAE software product, among numerous other software packages and suites. It provides software and cloud solutions for simulation, IoT, high performance computing (HPC), data analytics, and artificial intelligence (AI). is an American multinational information technology company headquartered in Troy, Michigan.

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