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SIMULATION & ANALYSIS: Full Steam Ahead for Altair With Big Bets Around the RapidMiner Platform

Why the Data Science and Machine Learning platform is positioned as a LEADER in GARTNER's Magic Quadrant. American AI, HPC, simulation and analytics player Altair is starting the fall season with a series of offensive moves, most notably regarding the RapidMiner platform. In general, Altair has made a name for itself in the CAE space for its structural engineering analysis and optimization tools ranging from simulation-driven design concepts to detailed virtual product validation and simplified modeling workflows. In terms of revenue, the company is ranked fifth globally by the PLM analyst CIMdata, after Ansys, MathWorks, Siemens and Dassault Systemes, with close to $630 million 2023. This gives the company a market share of around 7 percent.
In terms of industry segments, Altair has a strong presence in the automotive and transportation industries, but in recent years, mainly through acquisitions, it has expanded into other segments, such as high-tech electronics, aerospace and defense, medical equipment, and energy. In this, it has gone from being a niche supplier to a global technical company in enterprise class. From its roots in structural analysis software such as Hypermesh, Altair now has software and cloud solutions with well-known brands such as HyperWorks, solidThinking, Inspire, Altair PBS, and SmartWorks, among others, in the areas of simulation-driven product development, high performance computing (HPC) and data intelligence.
In this scenario, Altair’s RapidMiner platform is focused on data analytics and AI. The solution includes tools for data preparation, data science, MLOps, orchestration and visualization solutions. It was bought in 2022 for $100 million.
Clearly, the RapidMiner acquisition has given Altair a footprint in the banking and finance sector, which is unusual for an engineering software company. But here there are now interesting connections to other industry segments. By combining its traditional simulation products with the data analysis suite in RapidMiner the potential for significant continued growth is high, something that last week's news surrounding the solution indicates:
* Altair buys the RapidMiner platform reseller, KSK Analytics. This Japanese company offers strategic consulting and training in AI and data analysis, with a focus on the manufacturing sector.
* In parallel, a new agreement is signed on the European reseller side with Crown Point Technologies, a company that specializes in technical solutions for authorities and the healthcare sector. Crown has also been given the status of official dealer for the USA.
* More about RapidMiner is its new collaboration with the Faculty of Data and Decision Sciences at the Technion - Israel Institute of Technology.
* On the topic of data analysis, a new agreement as a European channel partner has also been signed with the Belgian Collaboration Betters the World (CBTW).

From a European perspective, Altair’s new deal with Belgian Collaboration Betters the World (CBTW) as a new channel partner for EMEA is of course interesting. The collaboration aims to accelerate the advancement of data analytics across the EMEA region, delivering cutting-edge solutions that enable businesses to thrive in today’s digital age.

The CBTW alliance can change a lot
”Combining Altair’s state-of-the-art technology with CBTW’s strategic expertise will deliver unparalleled value to customers, drive innovation and transform industries across the region,” said Kimon Afsaridis, CEO of Eastern Europe and VP of Indirect EMEA Sales, at Altair. ”This alliance underscores our commitment to delivering cutting-edge solutions and creating significant value for our customers.”

Paolo Vacilotto, head of data analytics and AI, at CBTW, added:
”We’re now able to integrate Altair’s leading technology with our strategic expertise in many industries and enable us to create significant value for customers across EMEA,” he said.

The collaboration between Altair and CBTW is expected to change the way companies use data analytics to drive growth and innovation. By harnessing the power of AI and advanced analytics, this partnership will enable organizations to unlock new insights, optimize operations and stay one step ahead of competitors in today’s fast-growing market.

Founded in 2014, CBTW is headquartered in Brussels, Belgium, but delivers technology and business solutions to clients worldwide. With more than 3,000 people in 21 countries, the company is active in the areas of strategy and governance, product design and growth, software engineering, data analytics and AI, cloud and enterprise platforms, cyber security, banking technology solutions, smart industrial solutions, life science solutions and more.

Altair was ranked in analyst Gartner’s latest Magic Quadrant for data science and machine learning solutions as one of the leaders with its RapidMiner platform.

Crown Point accelerates deployment of RapidMiner in key markets
But as mentioned above, more has happened and here Crown Point Technologies is of great interest for the further spread of the RapidMiner platform. Specializing in technology solutions for the government and healthcare sectors, this company has been appointed as an official reseller for the US and Europe regions. This partnership will focus on bringing the capabilities of Altair RapidMiner data analytics and artificial intelligence (AI) to a wider range of customers. By adding Crown Point Technologies to its global ecosystem of channel partners, Altair aims to accelerate the adoption of Altair RapidMiner in key markets, leading to transformative outcomes for enterprises and government organizations alike.

”Get the students ready for reality”
As for the RapidMiner collaboration with the Faculty of Data and Decision Sciences at the Technion – Israel Institute of Technology, the agreement will provide the university’s faculty, researchers and students with training and unlimited access to the platform.

”Altair enables students to expand their skills and be ready for the real world with our best technology and support,” said Ariel Hadar, CEO of Altair Israel. “Collaborating with Technion faculty will foster greater synergies between academia and industry in Israel, combining the best skills from each respective domain to expand global AI knowledge.”

The purchase of KSK Analytics
Finally, a few words about the purchase of Japanese KSK Analytics. The company offers strategic advice and training in AI and data analysis, with a focus on the manufacturing sector. For more than a decade, KSK has been a reseller of the Altair RapidMiner platform for data analysis and AI.

”Altair has had a presence in Japan for nearly thirty years and this acquisition expands our reach and technical depth in data science to better serve the growing AI market in the Asia Pacific region,” commented James R. Scapa, founder and CEO of Altair. ”KSK’s best-in-class training program aligns with Altair’s Center of Excellence (COE) approach and provides an advantage over other vendors in the Japanese market.”

The education established by KSK empowers users – especially non-computer scientists – to confidently apply computer science methods to their everyday technology and business problems.

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