Intelligence software is complementary addition
An
Altair Engineering product story
Edited by the Engineeringtalk editorial team
Jan 18, 2007
Altair Engineering has entered into an agreement to acquire controlling interest in Hicare, a privately held business intelligence software company headquartered in Turin, Italy.
Altair Engineering has entered into an agreement to acquire controlling interest in Hicare, a privately held business intelligence software company headquartered in Turin, Italy.
Specific financial terms of the transaction are not being disclosed.
Hicare is the developer of Lilith Enterprise and Web Server business intelligence software, a robust decision-making support system with unparalleled graphing and reporting capabilities for interactive visualisation of information.
Built on a unique database architecture that combines relational, hierarchical and multidimensional database models, Lilith provides the ability to view and analyse captured data from multiple perspectives and user profiles.
Hicare's diverse client base includes notable firms such as adidas, Diageo, Ferrero, Fiat, Levi Strauss and Company, Porsche Italia and TNT Global Express.
"At Altair, we focus on helping our clients manage and gain insight from the growing volumes of corporate and product performance data", said James R Scapa, President and CEO of Altair Engineering.
"With an emphasis on technology for data analysis and visualisation, we see the integration of Hicare's technology as fundamental for our clients to interactively search, mine, view and dashboard complex business and engineering information for rapid decision making".
"The global development resources and support infrastructure that Altair brings as part of this acquisition will greatly accelerate the strategic development of this groundbreaking technology and provide world-class support for its users worldwide", said Roberto Marchisio, President and cofounder of Hicare.
"Our entire organisation is excited to become an integral part of Altair's vision for client information capture and visualisation".
Lilith HyperCubes (data containers) are limitless in size and can contain different types of homogenous and nonhomogeneous data.
In fact, a single HyperCube can contain all the information for the entire enterprise.
Uniquely positioned in the market, Hicare's HyperCube technology allows daily refreshing of business data and the ability to dynamically perform large-scale and complex operations through an integrated calculation engine, without the need to rebuild the HyperCube information.
Altair plans to centralise Hicare's business activities as part of its USA-based world headquarters operations, and Hicare will continue the development of its business intelligence software in Italy.
In addition, Altair will begin leveraging and integrating Hicare technology within Altair's commercial product offerings for data management, computer-aided engineering and grid computing.
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