Altair was added to the S&P MidCap 400 by S&P Dow Jones Indices effective before the open of trading on Monday, June 24.
“Being added to the S&P 400 represents a significant milestone in Altair's journey as a public company,” said James R. Scapa, founder and chief executive officer, Altair. “It is a testament to our strong and steady growth and our demonstrated leadership in simulation and design, data analytics and AI, and high-performance computing.”
The S&P 400 serves as a benchmark for mid-sized companies in the US. The index is designed to measure the performance of 400 mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment
Altair is a global leader in computational intelligence and provides software and cloud solutions in design and simulation, high-performance computing (HPC), and data analytics.