Altair Signs Agreement to Acquire Metrics Design Automation Inc. Expands Footprint in EDA Industry

Flagship product, DSim, is the first-of-its-kind EDA simulation as a service solution

TROY, Mich., July 1, 2024 /CNW/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced it has entered into a definitive agreement to acquire all of the outstanding capital stock of Metrics Design Automation Inc. (Metrics), a Canadian company with a game changing simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification. Closing of the transaction is subject to customary conditions.