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NEWS RELEASES


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ALTAIR ACQUIRES WORLD PROGRAMMING TO ADVANCE ORGANIZATIONS’ DIGITAL
TRANSFORMATION


ACQUISITION ENABLES CUSTOMERS TO LEVERAGE THE SAS LANGUAGE WITH MODERN LANGUAGES
LIKE PYTHON AND OPEN-SOURCE TECHNOLOGIES TO ACHIEVE BEST-IN-CLASS DATA ANALYTICS
SOLUTIONS


TROY, Mich, December 15, 2021 — 

Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI,
today acquired World Programming, a UK-based technology company specializing in
data analytics software used by many of the world’s leading companies including
financial services and insurance organizations. World Programming’s platform
supports development and execution of multi-language software solutions
leveraging popular languages used in data science including Python, R, and the
SAS language in a single program.


“We are excited to integrate World Programming’s exceptional team and technology
into Altair and see this acquisition as a significant opportunity to help
companies transition to hybrid architectures using modern, open technologies and
languages while preserving, protecting, and leveraging the best elements of
existing technology such as the SAS language,” said James R. Scapa, founder and
chief executive officer of Altair. “We believe World Programming’s solutions are
highly advanced and proven to help customers compile and execute millions of
models built using the SAS language while embracing modern languages and
open-source technologies, allowing them to respond faster to market demands and
gain new insights.”


World Programming brings a customer base of approximately 500 enterprise
customers worldwide. As organizations increasingly seek open-source solutions to
accelerate their big data initiatives and embrace a more modern and flexible
environment, the acquisition of World Programming will strengthen Altair’s
foothold in several industries including financial services, insurance,
healthcare, manufacturing, asset management, telecommunications, retail, energy,
and consumer products. 


The acquisition includes World Programming’s flagship product, WPS Analytics,
which is backed by more than two decades of experience and developed to meet the
increasing use of open-source languages. WPS Analytics is a powerful and
versatile software platform for scalable data manipulation and analytics, with
several notable features including: 


 * Ability to run programs written in SAS language syntax without the need to
   install any third-party products 
 * Fully integrated SAS language support 
 * Support for SQL, Python, R, and Hadoop and for exchanging data, all inside a
   single program
 * Advanced math, statistics, and machine learning algorithms
 * Ability to access multiple data sources including big data, cloud, and
   mainframe 
 * Ability to use standalone or with enterprise management facilities including
   data access control and model deployment to on-demand APIs 
 * Flexible deployment to link on-premises, mainframe, and cloud environments 


“Customers want choice and integrating with Altair – an organization with a
trusted and reliable open-architecture philosophy – will give users easy access
to technologies in a flexible and intuitive environment,” said Oliver Robinson,
chief executive officer, World Programming. “Altair will help to accelerate
access to our solutions as we converge the modern world of best-in-class
open-source technologies with the ability to support decades of investment in
the SAS language.”


World Programming’s software will be integrated into Altair’s data analytics
solutions suite and available via Altair Units, which gives customers easy
access to Altair’s entire portfolio of software solutions.


About Altair (Nasdaq: ALTR)


Altair is a global technology company providing software and cloud solutions in
the areas of simulation, high-performance computing (HPC), and artificial
intelligence (AI). 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.


Cautionary Language Concerning Forward-Looking Statements 


This press release contains “forward-looking statements” within the meaning of
the “safe harbor” provisions of the Private Securities Litigation Reform Act of
1995, including but not limited to, Altair’s future expectations, plans, and
prospects. These forward-looking statements are made as of the date of this
release and are based on current expectations, estimates, forecasts and
projections as well as the beliefs and assumptions of management. Words such as
“expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,”
“goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,”
“intend,” variations of these terms or the negative of these terms and similar
expressions are intended to identify these forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties,
many of which involve factors or circumstances that are beyond Altair’s control.
Altair’s actual results could differ materially from those stated or implied in
our forward-looking statements due to a number of factors, including but not
limited to, the risks detailed in Altair’s quarterly and annual reports filed
with the Securities and Exchange Commission as well as other documents that may
be filed by the Company from time to time with the Securities and Exchange
Commission. Past performance is not necessarily indicative of future results.
The forward-looking statements included in this press release represent Altair’s
views as of the date of this press release. The Company anticipates that
subsequent events and developments will cause its views to change. Altair
undertakes no intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
These forward-looking statements should not be relied upon as representing
Altair’s views as of any date subsequent to the date of this press release.


###


World Programming’s flagship product, WPS Analytics Workbench, offers coding and
workflow capabilities


MEDIA CONTACTS


PRESS INQUIRIES

Corporate/Americas

Jennifer Ristic

corp-newsroom@altair.com

Europe/Middle East/Africa

Charlotte Hartmann

emea-newsroom@altair.com

Asia Pacific

Man Wang

apac-newsroom@altair.com


INVESTOR RELATIONS

The Blueshirt Group

Monica Gould & Lindsay Savarese

ir@altair.com

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