The world's leading innovative technology and services provider Altair Engineering Inc. Today announced that France-based Antony's Mecalog Group agreed to be acquired. Altair to Acquire Mecalog Group and computer-aided engineering (CAE) software RADIOSS. Mecalog is a transient and the world's leading developer of non-linear CAE technology, the technology for automotive safety and other impact events in the simulation. Under the agreement, Altair will acquire Mecalog Group's global sales force, software development and technical support team. Financial terms of the deal will not be public."The acquisition of Mecalog Altair will receive their very respected and talented software development and sales teams. Altair and Mecalog companies have many complementary technologies in the corporate culture and also has many natural similarities, these will The acquisition will be successful. We look forward to welcoming Mecalog's employees, customers and partners into the Altair's fam ily, "Altair Engineering President and CEO James R. Scapa, said," Mecalog's technology and industry expertise will be greatly enhance the Altair's PLM technology portfolio. "After the acquisition of Mecalog, Altair? HyperWorks? Will contain a strong linear, nonlinear, fluid, fluid-structure interaction, structural optimization and multi-body dynamics solver solution, while providing first-class modeling, visualization and process automation technology. At the same time, Altair will comply with the commitment to open systems software architecture, and will continue to provide substantial investment and support independent software vendors (ISV) relationships with third-party applications to ensure the greatest degree of integration.Mecalog one of the founders, chief technology officer Francis Arnaudeau RADIOSS will join Altair and served as general manager of development department. In this role, he will continue to be responsible RADIOSS software development and guide the de velopment of advanced technology."Altair and RADIOSS technology will lead the CAE industry's progress. Mecalog very pleased to be such as the Altair as part of a world-class organization," Mecalog Francis Arnaudeau general manager, said, "Altair's power and global system for existing RADIOSS customers and new customers with the highest level of support services, new product development and integration will depend on the key sectors of our technology to bring benefits. "In order to quickly grasp the opportunity for existing Mecalog customers more value, Altair will greatly enhance the global RADIOSS products, technology and customer support services. Mecalog currently has more than 120 customers, including Airbus (Airbus), Alstom (Alstom), European Defence (EADS), Fiat (Fiat), Ferrari (Ferrari), Ford (Ford), Honda ( Honda), Mazda (Mazda), Nissan (Nissan), Citroen (Citroen) and the Volvo truck sector (Volvo). Altair currently has more than 3,000 customers, many of which also i s Mecalog users."Altair and Mecalog have many common customers, they brought from the acquisition of technology and software applications highly integrated benefits of integration. In addition, this acquisition will also expand Altair in the air, marine, energy, atomic energy, civil industrial applications and medical markets. "Scapa President added.The two sides of the software development team will work closely to integrate Altair and RADIOSS product solutions. The initial cooperation programs, including integrated software products will RADIOSS Altair's patented HyperWorks Unit licensing system software, which greatly enhance the customer all HyperWorks and RADIOSS total investment value in return.
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