GlobeNewswire Inc | Oct 8, 2020 07:00AM EDT

October 08, 2020

TROY, Mich., Oct. 08, 2020 (GLOBE NEWSWIRE) -- Altair, (Nasdaq: ALTR) a global technology company providing solutions in data analytics,simulation, and high-performance computing (HPC), today announced the acquisition ofM-Base Engineering + Software GmbH, a leading international supplier of material database and material information systems, with a focus on plastics. The acquisition ofM-Base will allow Altair to offer the most comprehensive, high-fidelity plastics database available on the market, which will directly connect withAltairspowerful solvers.

One of the most important decisions in product development is the selection of materials for production. Altair has been investing significantly in the area of material modeling for several years. The acquisition of M-Baseis an important additional step to deliver comprehensive material information and infrastructure to predict and optimize product performance through simulation.M-Base'soffering covers the complete lifecycle of material data, from testing and test evaluation to computer-aided engineering (CAE) interfaces, with a focus on plastics.

M-Base bringstoAltair first-rate plastics material data supplied directly by material producers, deep knowledge in material database technology, and plastics material data preparation from raw data to data consumable by designers and engineers.

M-Base is the official software supplier toComputer Aided Material Preselection by Uniform Standards (CAMPUS), the worlds most successfulplasticmaterial database adhering to rigorousinternational standards. Altair will continue toinvest inCAMPUS to ensure consistent, high-quality material datafor customersto drive accurate simulation results.

The integration ofM-Baseinto the Altair ecosystem bringsdeepknowledge and experience in material database projects, as well as the high-quality data our customers require to improve the design of their products, said James R. Scapa, founder and chief executive officer of Altair. It also expands our presence in the plastics industry, asM-Baseholds strong relationships with plastics manufacturers and thegold standard,CAMPUS. We look forwardtoworking deeply with CAMPUS members to grow together.

As a steering committee member of CAMPUS, we have built a beneficial relationship withM-Base who helped us to broaden the impact of the CAMPUS database, saidDr.PeterHck, head of technical product and quality managementpolycarbonates atCovestro.We are confidentthatAltair will bringexpandedbenefits to our members through their technology, teams,and investments.

M-Base'sWeb-basedplastics database, Material Data Center, istheleadingplasticsinformation tool, enabling accurate material selection in the early design phases and offering continuity throughout the product lifecycle. It covers the complete international plastics market including the entire content of the CAMPUS database, as well as anapplication database, a tradename directory, aliterature database,and several other tools to support designersand engineers.

Integrating our technology and Material Data Center with Altair will provide excellent functionality for engineers and designers during material selection and product development processes, saidDr.Erwin Baur, co-founderofM-Base.

About Altair (Nasdaq: ALTR)Altair is a global technology company that provides software and cloud solutions in the areas of data analytics,simulation, and high-performance computing (HPC).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 visitwww.altair.com.

Media Contacts Altair:CorporateJennifer Ristic+1.216.849.3109jristic@altair.com

Altair Europe/The Middle East/AfricaEvelyn Gebhardt+49 7031 6208 0gebhardt@altair.de

Investor RelationsThe Blueshirt GroupMonica Gould+1 212.871.3927ir@altair.com