Altair completed the acquisition of WRAP Software.

Altair, an American multinational information technology company headquartered in Troy, Michigan, completed the acquisition of WRAP Software, the software business of Verdane Capital-backed Swedish company WRAP International. Financial terms were not disclosed. "WRAP software will be a strategic complement to Altair's portfolio as we fortify our solutions for areas like wireless communications including 5G, connectivity, and IoT. We continue to focus on providing the world's best software portfolio to help our customers meet their goals," James Scapa, Altair CEO and Founder.