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Altair Engineering and Open iT Partner to Provide Enhanced Grid Solutions to the HPC Community

Open iT software and Altair® PBS ProfessionalTM offer complementary applications for advanced grid technology

TROY, Mich., (June 19, 2006) - Altair Engineering, Inc., a leading global provider of technology and services that strengthen client innovation and decision-making, and Open iT, Inc., a leading provider of IT asset management software, today announced that they have formed a partnership to integrate their grid software solutions to provide added value to the high-performance computing (HPC) community. The business arrangement will also open additional cross-selling opportunities to both companies in a wide range of industries.



"Open iT definitely sees a strong synergy between the two companies’ offerings, with great potential in the marketplace", says Signe Marie Stenseth, vice president of Open iT. "A company with a large investment in high-end technology applications not only needs an intelligent workload management solution like Altair’s PBS Professional. It also needs to know the usage pattern of these software applications to support the right decision when software is up for renewal, and to focus support and training were most needed. Open iT has the tools that cover software-, server- and storage management help uncover bottlenecks, boost efficiency and support chargeback of IT resources usage. Bundled together, Altair and Open iT provide superior customer value."



"This partnership with Open iT brings an added dimension to PBS Professional’s strength in workload management," said Michael Humphrey, vice president of Altair’s PBS GridWorks business unit. "Integrating Open iT’s resource metering and usage optimization software with our advanced workload management technology will help customers save money and time in making intelligent resource decisions."




About Open iT

Open iT, Inc. is a leading provider of IT asset management software that empowers companies to optimize enterprise IT resources on Windows, UNIX and Linux. The software meters, analyzes and optimizes usage, and gives management an overview of which assets are being used, by whom, and for how long. Open iT delivers value by enabling management to align IT assets with business activity, to implement internal chargeback based on actual use and to identify true IT asset needs. Open iT has earned a reputation for quality and focused services to leading companies within energy, telecom, healthcare, automotives and electronics. Founded in 1992, Open iT has offices and partners around the world. For more information, visit www.openit.com .



About PBS GridWorks

PBS GridWorks provides a suite of technologies that allows enterprise clients to maximize their ROI on computing assets through policy-based grid technology. The suite includes OpenPBS, PBS Professional, e-compute, Scali Manage and a variety of professional services. PBS GridWorks products are widely deployed within a number of industries, including manufacturing, government, academia, life sciences, energy, digital media and finance. Altair’s mature partner network ensures seamless integration and ease of deployment.



About Altair Engineering

Altair Engineering, Inc. strengthens client innovation and decision-making through technology that optimizes the analysis, management and visualization of business and engineering information. Privately held with more than 800 employees, Altair has offices throughout North America, Europe and Asia/Pacific. With a 20-year-plus track record for product design, advanced engineering software and grid computing technologies, Altair consistently delivers a competitive advantage to customers in a broad range of industries. To learn more, please visit www.altair.com .
Diane Forbes

Altair Engineering, Inc.

(248) 614-2400, ext. 464

dforbes@altair.com

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