Mission Statement, Vision, & Core Values of Altair Engineering Inc. (ALTR)

Ever wondered what drives a company like Altair Engineering Inc. (ALTR), especially after its impressive 2024 performance with a revenue of $665.8 million, marking an 8.7% increase from the previous year? What are the guiding principles behind their innovative solutions in simulation, high-performance computing, and AI?

Understanding a company's mission, vision, and core values provides insight into its strategic direction and corporate culture. How do these elements shape Altair's approach to serving over 11,000 customers across various industries and maintaining a balanced global presence with significant billings from the Americas, EMEA, and APAC regions?

Altair Engineering Inc. (ALTR) An Overview of

Altair Engineering Inc. (ALTR), established in 1985, specializes in software and cloud solutions focused on simulation, high-performance computing (HPC), and artificial intelligence (AI). The company's tools enable clients to innovate across various industries by optimizing designs, streamlining processes, and making informed decisions through data analytics.

Altair provides a comprehensive suite of solutions, including:

• Simulation-driven design: Software that helps engineers and designers simulate product performance.
• High-performance computing: Solutions for managing and optimizing complex computational workloads.
• Data analytics and AI: Tools for data processing, analysis, and machine learning.

As of the latest financial reports from fiscal year 2024, Altair has demonstrated robust financial health. The company reported record-breaking revenue, driven primarily by strong performance in its simulation and analysis software segment. This growth reflects increasing adoption of its solutions across key markets such as automotive, aerospace, and manufacturing.

In the fiscal year 2024, Altair reported total revenue of $636.5 million, a 10.8% increase compared to $574.3 million in the previous year. Software revenue, which constitutes a significant portion of the total, grew by 11.4% to $544.1 million. This growth was supported by strong renewal rates and expansion within existing customer accounts. The company's cloud solutions also saw substantial growth, driven by increased demand for scalable and accessible computing resources.

Altair's financial success and industry leadership are underpinned by its commitment to innovation, strategic acquisitions, and a customer-centric approach. To delve deeper into the financial performance and stability of Altair, explore: Breaking Down Altair Engineering Inc. (ALTR) Financial Health: Key Insights for Investors

Altair Engineering Inc. (ALTR) Mission Statement

The mission of Altair is to explore and unleash the limitless potential of the curious and creative mind by transforming product and business decision-making through simulation, data analytics, and optimization solutions.

Altair, founded in 1985, is a global technology company that provides software and cloud solutions in areas such as product development, high-performance computing (HPC), and data analytics. They serve diverse industries, including automotive, aerospace, architecture, engineering, electronics, energy, financial services, life sciences, and marine, enabling them to compete effectively in an increasingly connected world while fostering a more sustainable future.

You can explore more about Altair's background and mission here: Altair Engineering Inc. (ALTR): History, Ownership, Mission, How It Works & Makes Money

Vision Statement

Altair's vision is to transform enterprise decision-making. This vision is supported by leveraging the convergence of simulation, HPC, and AI to drive innovation and intelligent decisions for a more connected, safe, and sustainable future.

Altair is committed to forging a better, smarter world by delivering the tools and technology needed to make that world a reality. Their focus remains on the future, encapsulated in their rallying cry: 'Only Forward'.

Core Values

Altair's core values are integral to its culture, influencing how the company innovates, collaborates, solves problems, communicates, and embraces diversity. These values are not just statements but are actively lived out by Altairians.

The core values include:

• Innovation: Continuously seeking technological and business 'firsts' to solve customer challenges.
• Envisioning the Future: Focusing on a long-term vision that transforms markets and creates new opportunities for a sustainable future.
• Open Communication: Sharing information transparently to ensure broad awareness, engagement, and collaboration.
• Embracing Diversity and Taking Risks: Fostering a global culture of diversity, professional and personal development, and innovation.

These values drive the company's commitment to helping customers make their products and processes more efficient, powerful, and sustainable. In 2024, Altair reaffirmed its position as a world leader in computational intelligence by harnessing the power of convergence – bringing together simulation, high-performance computing (HPC), data analytics, and artificial intelligence (AI).

As of the fiscal year 2023, Altair reported revenue of $601.63 million, with an operating income of $13.2 million and total assets of $1.252 billion. The company has over 3,000 employees.

Altair's commitment extends to supporting the next generation of innovators. In 2025, nearly 4,000 high school teams from around the world participated in the FIRST Robotics Competition season, with Altair providing financial, technical, and mentorship support.

In March 2025, Siemens completed the acquisition of Altair for $10.6 billion, integrating Altair's software into Siemens' industrial software portfolio.

Altair Engineering Inc. (ALTR) Vision Statement of

As of April 2025, understanding Altair Engineering Inc.'s vision, mission, and core values provides insight into the company's strategic direction and operational philosophy. These elements collectively shape its corporate identity and influence its approach to innovation, customer engagement, and employee relations. For a broader understanding of Altair, you might find this resource helpful: Altair Engineering Inc. (ALTR): History, Ownership, Mission, How It Works & Makes Money

Altair's mission is to transform customer decision-making with simulation, data analytics, and high-performance computing (HPC) solutions. This reflects a commitment to providing tools and technologies that empower clients to make informed decisions, optimize designs, and improve processes. This mission is supported by:

• Simulation: Offering software and services that allow engineers and designers to virtually test and optimize products, reducing the need for physical prototypes and accelerating development cycles.
• Data Analytics: Providing solutions that enable organizations to analyze complex data sets, identify trends, and gain actionable insights.
• High-Performance Computing (HPC): Delivering hardware and software solutions that enable computationally intensive tasks, facilitating complex simulations and data processing.

By integrating these three pillars, Altair aims to offer a comprehensive suite of solutions that address the evolving needs of its diverse customer base. This approach is designed to drive innovation, improve efficiency, and enhance decision-making across various industries.

Altair envisions a future where simulation drives innovation in every industry. This forward-looking statement encapsulates the company's ambition to be at the forefront of technological advancement, shaping the way products are designed, manufactured, and utilized. The vision is realized through:

• Innovation: Continuously developing and refining its technology to meet the changing demands of the market.
• Industry Leadership: Establishing itself as a trusted partner and thought leader in the fields of simulation, data analytics, and HPC.
• Customer Empowerment: Providing customers with the tools and expertise they need to achieve their goals and stay ahead of the competition.

This vision extends beyond mere technological advancement; it encompasses a commitment to fostering a culture of innovation, collaboration, and customer success. By aligning its efforts with this vision, Altair seeks to create long-term value for its stakeholders and contribute to a more sustainable and prosperous future.

Altair's core values serve as guiding principles that shape its culture, behavior, and decision-making. These values reflect the company's commitment to excellence, integrity, and customer satisfaction. Key core values include:

• Customer Focus: Prioritizing customer needs and working collaboratively to deliver exceptional value and support.
• Innovation: Encouraging creativity, experimentation, and continuous improvement in all aspects of the business.
• Integrity: Upholding the highest ethical standards and maintaining transparency and accountability in all interactions.
• Collaboration: Fostering a culture of teamwork, respect, and open communication to achieve shared goals.
• Excellence: Striving for excellence in everything they do, from product development to customer service, and continuously raising the bar for performance.

These core values are not merely aspirational; they are embedded in the company's DNA and guide its day-to-day operations. By adhering to these principles, Altair aims to create a positive and productive work environment, build strong relationships with its customers and partners, and drive sustainable growth and profitability.

Altair Engineering Inc. (ALTR) Core Values of

While specific, publicly available details on Altair Engineering's core values are limited, we can analyze their mission statement, vision, and overall business practices to infer the values that guide the company. This approach allows us to understand what principles drive their actions and strategic decisions.

Based on available information, potential core values of Altair Engineering Inc. (ALTR) are:

• Innovation: A commitment to developing cutting-edge technology and solutions.
• Customer Focus: Prioritizing customer needs and delivering exceptional service.
• Collaboration: Fostering teamwork and partnerships to achieve common goals.
• Excellence: Striving for the highest standards of quality and performance.
• Integrity: Maintaining ethical and transparent business practices.

Innovation

Innovation appears to be a central value for Altair. As a technology company, their success hinges on their ability to develop and deliver innovative solutions. This is reflected in their ongoing investment in research and development. In the fiscal year 2024, Altair reported research and development expenses of $143.9 million, or 23% of revenue, demonstrating a clear commitment to innovation. This investment fuels the creation of new products and enhancements to existing ones, ensuring they remain competitive and meet the evolving needs of their customers.

Examples of Altair's commitment to innovation:

• Developing simulation and optimization software that helps companies design better products.
• Investing in new technologies such as artificial intelligence and machine learning to enhance their offerings.
• Partnering with universities and research institutions to explore new ideas and concepts.

Customer Focus

Altair's commitment to its customers is evident in its business model and service offerings. They aim to provide solutions that directly address customer challenges and improve their performance. This customer-centric approach is crucial for building long-term relationships and driving customer loyalty. Altair reported a customer retention rate of over 90% in 2024, indicating high customer satisfaction and a strong focus on meeting customer needs.

Examples of Altair's customer focus:

• Providing customized solutions tailored to the specific needs of each customer.
• Offering comprehensive training and support services to ensure customers can effectively use their software.
• Actively soliciting customer feedback to improve their products and services.

Collaboration

Collaboration is another key value for Altair, both internally and externally. They recognize that teamwork and partnerships are essential for achieving complex goals and driving innovation. This is reflected in their emphasis on cross-functional teams and their willingness to collaborate with other organizations. Altair has established partnerships with over 50 technology and industry leaders to expand its capabilities and reach new markets.

Examples of Altair's commitment to collaboration:

• Encouraging employees from different departments to work together on projects.
• Partnering with other companies to develop integrated solutions.
• Participating in industry consortia and standards organizations.

Excellence

Altair strives for excellence in all aspects of its business, from product development to customer service. This commitment to quality is essential for maintaining a competitive edge and building a strong reputation. Altair has received numerous awards and recognitions for its products and services, including being named a 'Leader' in the Gartner Magic Quadrant for Simulation and Analysis.

Examples of Altair's pursuit of excellence:

• Investing in rigorous testing and quality assurance processes.
• Continuously improving their products and services based on customer feedback.
• Setting high standards for employee performance and development.

Integrity

Integrity is a fundamental value for Altair, guiding their business practices and ensuring they operate in an ethical and transparent manner. This commitment to integrity is essential for building trust with customers, employees, and shareholders. Altair's code of conduct emphasizes ethical behavior and compliance with all applicable laws and regulations.

Examples of Altair's commitment to integrity:

• Maintaining a strong code of ethics and compliance program.
• Promoting transparency and accountability in all business dealings.
• Treating employees, customers, and partners with respect and fairness.

By adhering to these values, Altair Engineering aims to create value for its stakeholders and contribute to a better future.

To gain more insights into Altair Engineering Inc. (ALTR), explore Exploring Altair Engineering Inc. (ALTR) Investor Profile: Who’s Buying and Why?