UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| |
||||
| (Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code:
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events |
On September 14, 2020, Altair Engineering Inc. (the “Company”) issued a press release announcing the acquisition of Univa Corporation, a leading innovator in enterprise-grade workload management, scheduling, and optimization solutions for HPC and artificial intelligence on-premises and in public clouds. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report and incorporated herein by reference.
| Item 9.01 | Financial Statement and Exhibits. |
| 99.1 | Press Release issued by the Company, dated September 14, 2020, announcing the consummation of the acquisition. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ALTAIR ENGINEERING INC. | ||||||
| Dated: September 14, 2020 | By: | /s/ Howard N. Morof | ||||
| Name: Howard N. Morof | ||||||
| Title: Chief Financial Officer | ||||||
Exhibit 99.1
Altair Acquires Univa
Move Solidifies Altair’s Leadership in Workload Management and Cloud Enablement for High Performance Computing
TROY, Mich. – September 14, 2020 – Altair, (Nasdaq: ALTR) a global technology company providing solutions in data analytics, product development, and high-performance computing (HPC), today announced the acquisition of Univa, a leading innovator in enterprise-grade workload management, scheduling, and optimization solutions for HPC and artificial intelligence (AI) on-premises and in the cloud.
Altair is a leading provider of HPC workload and workflow management technology to the manufacturing, weather, research, and government verticals, and is an innovator in the electronic design automation (EDA) space. The Univa acquisition enables Altair to further expand into life sciences and financial services.
“Altair has invested significantly in HPC and cloud technologies for several years,” said James Scapa, Altair’s chief executive officer and founder. “The addition of Univa’s technology and its very experienced team further cements our leadership position in this fast-moving space.”
Altair and Univa’s solutions optimize throughput and performance of applications, containers, and services to help hundreds of companies manage thousands of applications and run billions of tasks every day to obtain actionable insights and achieve faster time-to-results.
“The Univa team is thrilled to join the Altair ecosystem and unleash the power of our technology,” said Fritz Ferstl, chief technology officer of Univa. “We believe HPC is emerging as a critical element of digital transformation as it plays a significant role in all areas of computational science and data analytics.”
Altair will continue to invest in Univa’s technology to support existing customers while integrating with Altair’s HPC and data analytics solutions. These efforts will further enhance the capability and performance requirements for all Altair customers and solidify the company’s leadership in workload management and cloud enablement for HPC.
Univa has two flagship products:
| • | Univa® Grid Engine® is a leading distributed resource management system to optimize workloads and resources in thousands of data centers, improving return-on-investment and delivering better results faster. |
| • | Univa Navops Launch simplifies the migration of enterprise HPC workloads to the cloud while reducing costs as it provides real-time insights into workloads and spending with complete visibility to HPC cloud resources. |
Univa is headquartered in Chicago, with offices in Canada and Germany.
About Altair (Nasdaq: ALTR)
Altair is a global technology company that provides software and cloud solutions in the areas of data analytics, product development and high-performance computing (HPC). 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.
###
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
The Blueshirt Group
Monica Gould +1 212.871.3927
ir@altair.com
© Altair Engineering, Inc. All Rights Reserved. / Nasdaq: ALTR / altair.com