Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Saks Global to End Saks on Amazon Partnership Amid Bankruptcy Restructuring 
Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI 
Microsoft AI Spending Surge Sparks Investor Jitters Despite Solid Azure Growth 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
Elon Musk’s SpaceX Explores Merger Options With Tesla or xAI, Reports Say 
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban 
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million 
Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations 
Meta Stock Surges After Q4 2025 Earnings Beat and Strong Q1 2026 Revenue Outlook Despite Higher Capex 
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
OpenAI Reportedly Eyes Late-2026 IPO Amid Rising Competition and Massive Funding Needs 
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
 Technology: Altair Acquires MODELiiS - EconoTimes)
TROY, Mich., May 24, 2017 -- Altair has acquired MODELiiS, a supplier of electronic design automation software for circuit modeling, system design and simulation tools based in Grenoble, France. Capitalizing on strong expertise in digital and analog domains, their solutions are geared towards the Internet of Things (IoT), autonomous vehicles, and complex hybrid systems.
MODELiiS was originally a start-up company incubated within a larger EDA design firm. Their main products simulate C code behavior for various chips and include a very high-performance SPICE circuit simulator. This technology is used in EDA, system modeling, electromagnetics and to model sensors for the IoT.
“With the MODELiiS acquisition, we plan to continue our growth and investment in our EDA capabilities to deliver the most relevant, optimal, simulation-driven design solutions for IoT,” said James R. Scapa, Altair’s Founder, Chairman and CEO. “Simulation and optimization are fundamental to the design of communication and controls for everything from personal devices to autonomous vehicles.”
With easy-to-use solutions for applications from electronics to complex hybrid systems, MODELiiS EDA technology is expected to solidify and strengthen Altair’s value proposition for development of IoT and autonomous transportation products.
For more information on Altair’s comprehensive solutions for IoT visit www.altair.com/iot
About Altair
Altair is focused on the development and broad application of simulation technology to synthesize and optimize designs, processes and decisions for improved business performance. Privately held with more than 2,600 employees, Altair is headquartered in Troy, Michigan, USA and operates more than 50 offices throughout 22 countries. Today, Altair serves more than 5,000 corporate clients across broad industry segments. To learn more, please visit www.altair.com.
Media Contacts Altair: Corporate / Americas/ Asia Pacific Biba A. Bedi +1.757.224.0548 x 406 [email protected] Altair Europe / The Middle East/ Africa Evelyn Gebhardt +49 6421 9684351 [email protected]
