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Altair Announces New Reseller Agreement with CYBERNETICS, Expanding Presence in Eastern Europe

Established Romanian PLM solution provider to sell and support Altair products and consulting services locally

TROY, Mich., (March 25, 2008) – Altair Engineering, Inc., a leading global provider of technology and services that empower client innovation and decision-making, announced a new reseller agreement with Romanian-based PLM solution provider, CYBERNETICS Srl. The new agreement allows CYBERNETICS to sell the Altair HyperWorks computer-aided engineering (CAE) technology suite to Romania-based companies within the region’s growing advanced manufacturing industries including automotive, aerospace, consumer goods, plant & equipment design. In addition to Altair’s software solutions, CYBERNETICS will also provide local support and professional consulting services for Altair and its new and existing customers.

“Our main objective is to consolidate our leadership position in selling and implementing complete PLM solutions,” said Eugen Mihaila, CEO, CYBERNETICS Srl. “In order to do this, we have to take into account that Romania is an emergent market, attracting many investors particularly in the automotive industry. As such, we took the initiative to assess our existing software portfolio and technical expertise to ensure that Cybernetics is prepared to support the unique needs and requirements of these rapid growth market segments. After a thorough review of our portfolio and industry vertical needs, it was obvious that by adding HyperWorks we could enhance our product portfolio and level of client service. “

"With more than 12 years of history and experience, CYBERNETICS is the leading PLM software distributor and implementation company in Romania," said Cosimo Panetta, Managing Director of Altair Engineering, Italy. “We are very pleased with their decision to join our valued HyperWorks reseller community. Their current high-end PLM product portfolio compliments and is a natural fit with HyperWorks. We look forward to working with CYBERNETICS to jointly support our growing Romanian client base.”

“HyperWorks is a globally recognized, leading CAE solution that will allow us to address many of our clients’ present and future simulation needs,” adds Mihaila. “The fact that Altair has a growing global consulting services division and a strong partner eco-system is also something that we are quite interested in being a part of.”

Built on a foundation of design optimization, performance data management and process automation, HyperWorks is an enterprise simulation solution for rapid design exploration and decision-making. As the most comprehensive, open-architecture CAE solution in the industry, HyperWorks includes best-in-class modeling, analysis, visualization and data management solutions for linear and non-linear structural optimization, fluid-structure interaction, and multi-body dynamics applications.



About CYBERNETICS

CYBERNETICS in partnership with Dassault Systemes and IBM promotes and implements on the Romanian market complete CAD/CAM/CAE, PDM solutions based on the software packages CATIA, ENOVIA-SMARTEAM, DELMIA, 3DLIVE. These software packages reveal a PLM (Product Lifecycle Management) concept − a strategic approach to creating and managing a company's product-related intellectual capital, from the initial conception of the product to its retirement. PLM improves a company's product development processes and its ability to use product information to make better business decisions and deliver greater value to customers. For more information please visit: www.cybernetics.ro.




About Altair

Altair Engineering, Inc. empowers client innovation and decision-making through technology that optimizes the analysis, management and visualization of business and engineering information. Privately held with more than 1,300 employees, Altair has offices throughout North America, South America, Europe and Asia/Pacific. With a 20-year-plus track record for enterprise analytics, product development, and advanced computing, Altair consistently delivers a competitive advantage to customers in a broad range of industries. To learn more, please visit www.altair.com.
Company contact:
Mike Kidder
Altair Engineering, Inc.
Tel.: +1.248.614.2400, ext. 269
media@altair.com
Press contact:
Evelyn Gebhardt
Blue Gecko Marketing
Tel.: +49 6421 4870435
gebhardt@bluegecko-marketing.de
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