Cloud-native Altair® SmartWorks™ Empowers Enterprises to Make Data-driven Decisions

TROY,Mich.,June 14,2021 -- Altair(Nasdaq: ALTR),a global technology company providing solutions in simulation,high-performance computing (HPC),and artificial intelligence (AI) announcedthe release of Altair SmartWorks,its next-generation,cloud-native platform to empoweraugmented,data-driven decisionmaking.

Altair SmartWorks allows users to build analytic workflows through visual pipelining and previews at every step,with the transparency on generated code and flexibility to edit or add your own code to through pipelines or notebooks

SmartWorks harnesses the full power of AI,analytics,and the Internet of Things (IoT) to help organizations improve and ensure production quality,develop connected product lines,optimize maintenance schedules,and implement recurring revenue models. It also allows companies to customize marketing analytics,automate financial systems,and more.

"SmartWorks will disrupt the waybusinesses innovate and make decisions by making it easy to leverage AI and IoT in automation and analytics," said James R. Scapa,founder and chiefexecutive officer,Altair. "For organizations strategizing their digital transformation efforts,SmartWorks is a future-proof accelerator and launchpad. It will help companies accelerate,innovate,and deliver."

The code to low-code to no-code environment means everyone can use it. This allows organizations to more effectively collaborate,generate and share data-driven insights,develop AI-augmented analytics,and create scalable,secure IoT/analytics applications faster and with smaller teams.

SmartWorksis built to overcomeenterprise-grade challenges. It is inherently cloud-native but can be deployed on premises; enables organizations to govern access to data,and automation; and is built to be highly scalable and performant from day one,with the best in underlying technology components. SmartWorks provides a collaborative environment and is extensible and future-proof,designed to work with the analytics engines of today and tomorrow. By making analytics,IoT,and AI accessibleforevery user,SmartWorksaccelerates innovation in every department across the enterprise.

SmartWorksgives organizationsend-to-end data analytics capabilities by integrating the deep feature set of Altair®Monarch®andAltair®KnowledgeStudio®with new,cloud-nativeandtargeted capabilities including:

Connecting todiversedatabases,data sources,spreadsheets,big data,and more

Storing data in performant,specialized databases

Exploring data trends and spotting anomalies

Transforming data to fit specific applications

Training and evaluating AI models

Operationalizingmachine learningmodels at scale,from resource constrained (edge) to resource abundant (cloud) environments

Developing custom analytics or end-user applications

Augmentingprocesses with automation,in the cloud,or at the edge

Controllingend-user access to data

SmartWorks is accessible via Altair Units,Altair's patented,subscription-based licensing model,which allows organizations to pay only for what their employees need,when they need it. For more information,visit www.altair.com/smartworks.

About Altair (Nasdaq: ALTR)

Altair is a global technology company that provides software and cloud solutions in the areas of simulation,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 visitwww.altair.com.

Media Contacts

Corporate/Americas/Asia Pacific

JenniferRistic

+1.216.849.3109

Jristic@altair.com

Altair Europe/The Middle East/Africa

Evelyn Gebhardt

+49 6421 9684351

gebhardt@altair.com

Investor Relations

TheBlueshirtGroup

Monica Gould +1 212.871.3927

Lindsay Savarese - +1 212.331.8417

ir@altair.com

Create multi-stage data prep pipelines with reproducible workflows in Altair SmartWorks

Train machine learning models in dev environment and validate in production cluster with ease in Altair SmartWorks