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Synopsis
Altair, a provider of computational science and artificial intelligence solutions, completed the acquisition of Cassini, a next-generation cloud native technology for Industry 4.0. Financial terms were not disclosed. "Led by visionary founder and industry veteran in both mechanical and electrical data management solutions, Raghuram Tera, Cassini brings innovative technology and an incredibly talented team to Altair. Upon integration, customers will have a comprehensive view of digital thread activities in the simulation portion of the PLM value chain, creating a differentiated journey and value for design engineers, simulation engineers, production engineers, engineering data scientists, and IT/ HPC administrators," James R. Scapa, Altair Founder and CEO.
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