APPLICATIONS

Growing business in the Canadian market calls for additional investment: Altair Engineering Canada, Ltd., a subsidiary of Altair Engineering, Inc., a leading global provider of technology to strengthen client innovation, today announced that it has expanded its presence in Canada by opening a new office in Toronto, Ontario. The latest development is due to growing business in the region, especially in the areas of automotive, commercial aviation, consumer products and heavy trucks. The new facility provides offices for Altair Canada employees as well as a fully-equipped training facility for customers. Robert Little, a Canadian and a 19-year Altair employee, is president of the Altair subsidiary. "The growth Altair is experiencing in the Canadian marketplace is testimony to the strong product offering of HyperWorks and the proactive technical support offered by Altair Canada," said Little. "Our expansion is directly related to our ability to help customers design better products in much less time. I see even more exciting opportunities to have a positive impact on our customers' success in the days ahead." The Canadian market has long been a strategic growth market for Altair. Following a 2005 move to establish a Canadian business operations and management team, software revenues have increased by nearly 30 percent, and the staff of Altair Canada has grown from two individuals to five in less than six months, with further expansion expected to continue. Today, the Altair Toronto office serves more than 40 "Canadian 500" companies and 15 universities across the country, including Boeing Canada, Bombardier Transport, General Motors of Canada, Kaiser Aluminum, General Dynamics of Canada, Multimatic Technical Centre and the Magna companies.