Altair Acquires Runtime Design Automation, Broadens Software Portfolio for High Performance Computing
Acquisition extends HPC leadership to support the EDA and Semiconductor market segments and IoT strategy
TROY, Mich. – September 28, 2017 – Altair has acquired Runtime Design Automation (Runtime), a Santa Clara, California-based technology company specializing in scalable solutions for high performance computing (HPC). Runtime primarily serves customers leveraging electronic design automation (EDA) tools to design semiconductor devices such as CPUs, GPUs, chipsets, and System on Chip (SoC) integrated circuits. The addition of Runtime’s technology and domain expertise expands Altair’s HPC technology footprint and leadership, complementing its PBS Works™ suite for comprehensive, secure workload management for HPC and cloud environments.
“The acquisition by Altair marks a new chapter in the evolution of Runtime technology, which will benefit from significant additional resources, skillsets and support globally,” said Andrea Casotto, Founder and former CEO of Runtime, now Chief Scientist at Altair. “In addition, Altair and Runtime products’ exposure to new and adjacent markets will benefit our clients.”
The Runtime team joins Altair to share and deliver innovative and mission critical technologies to optimize the use of HPC for compute-intensive applications for specific market demands and needs.
With over two decades of experience in design automation for electronic components, Runtime bridges the gap between infrastructure and design tools, maximizing compute hardware and software license utilization. Runtime also provides designers with an advanced platform to develop and accelerate design flows – increasing operational efficiency, throughput, and time-to-market.
“The addition of Runtime is synergistic with our technology roadmap to support the growing EDA and semiconductor market segments for HPC and our clients’ transitions to connected devices and hybrid systems,” said James R. Scapa, Altair’s Founder, Chairman and CEO. “Today, the importance of HPC is no longer limited to design and research. It is a necessity throughout the entire product lifecycle and we are committed to being a technology leader to support our clients.”
About Altair
Altair is focused on the development and broad application of simulation technology to synthesize and optimize designs, processes and decisions for improved business performance. Privately held with more than 2,600 employees, Altair is headquartered in Troy, Michigan, USA and operates more than 68 offices throughout 24 countries. Today, Altair serves more than 5,000 corporate clients across broad industry segments. To learn more, please visit www.altair.com.
|
Related News
- CEVA Acquires Spatial Audio Business from VisiSonics to Expand its Application Software Portfolio for Embedded Systems targeting Hearables and other Consumer IoT Markets
- Siemens acquires proFPGA product family from PRO DESIGN to expand industry-leading IC verification portfolio
- Xilinx Acquires Assets of Falcon Computing Solutions to Advance Software Programmability and Expand Developer Community
- Analog Devices Acquires HDMI Business From INVECAS, Expanding High Performance Audiovisual Capabilities
- Perforce Software Acquires Methodics, Expanding DevOps Portfolio
Breaking News
- Arm revenues up 47%; shares fall
- Sondrel awarded new Video Processor ASIC design and supply contract for a leading provider of High-Performance Video systems
- X-Silicon Announces a NEW Low-Power Open-Standard Vulkan-Enabled C-GPU™ - a RISC-V Vector CPU Infused with GPU ISA and AI/ML acceleration in a Single Processor Core
- Softbank reported to be in talks to buy Graphcore
- VESA Elevates PC and Laptop HDR Display Performance with Updated DisplayHDR Specification
Most Popular
- Synopsys Enters Definitive Agreement to Sell its Software Integrity Business to Clearlake Capital and Francisco Partners
- Fabless semiconductor startup Mindgrove launches India's first indigenously designed commercial high-performance MCU chip
- sureCore announces successful tape-out of cryogenic IP demonstrator
- Siemens delivers end-to-end silicon quality assurance for next-generation IC designs with new Solido IP Validation Suite
- Announcing Availability of Silicon-Proven 12bit 1Msps SAR ADC IP Core for Whitebox Licensing with Royalty Free
E-mail This Article | Printer-Friendly Page |