Altair to buy controlling interest in Hicare

BANGALORE: Altair Engineering, a provider of technology to strengthen client innovation, has entered into an agreement to acquire controlling interest in Hicare Srl, a privately held business intelligence software company headquartered in Torino, 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 visualization of information. Hicare’s client base includes Adidas, Diageo, Ferrero, Fiat, Levi Strauss & 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 visualization, 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.”

Altair plans to centralize Hicare’s business activities as part of its United States-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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