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Altair Signs New Reseller in Kiev, Ukraine – JSC ARCADA


Media contacts Altair:
Corporate
Jennifer Ristic
+1.216.849.3109
jristic@altair.com



Altair Europe/The Middle East/Africa
Evelyn Gebhardt
+49 7031 6208 0
gebhardt@altair.de



Investor relations:
Altair
Dave Simon
+1 248.614.2400 x 332
ir@altair.com



Relationship expands Altair offerings in Eastern Europe

TROY, Mich. – December 17, 2019 – Altair, (Nasdaq: ALTR) a global technology company providing solutions in product development, high-performance computing and data analytics, today announced it signed a new reseller agreement for the Ukraine region with JSC ARCADA. Located in Kiev, JSC ARCADA will take over sales responsibilities for the entire Altair portfolio, including Altair HyperWorks™, Altair solidThinking™, Altair PBS Works™, and Altair SmartWorks™.

ARCADA provides design organizations and industrial enterprises with complex technology solutions for all types of design and development projects. It delivers technical preparation of production and manufacturing of products in the fields of construction, engineering, and geoinformation systems. In line with ARCADA’s philosophy of achieving the true practical value of CAD applications, its deeply specialized team also offers excellent support and services, like high-skilled trainings and webinars.

“With JSC ARCADA joining our reseller community we gain a strong partner for the Ukrainian market. I am confident we will grow our regional footprint, as well as provide our current and future customers direct access to our product portfolio and service offerings,” said Kimon Afsaridis, regional managing director Eastern Europe, Altair.

“Today in the era of development of artificial intelligence technologies, generative design, application of new types of materials and design solutions, the role of mathematical modelling and analysis of the behavior of objects in different environments and processes is sharply increasing. Our customers, primarily Ukrainian companies, are increasingly becoming integrated into the global market of high-tech products and need solutions such as those from Altair,” said Victor Ovchynnikov, managing director at JSC ARCADA.


About Altair (Nasdaq: ALTR)
Altair is a global technology company that provides software and cloud solutions in the areas of product development, high performance computing (HPC) and data analytics. 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 visit www.altair.com.

About JSC ARCADA
ARCADA is a Ukrainian-based software supplier for the automation of machine-building and construction industries. For 25 years it has been providing supplies and implementation of complex solutions for industrial enterprises of Ukraine.

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