Altair Announces Private Placement Financing of $200 Million from Matrix Capital Mana

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TROY, Mich., Sept. 27, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing, data analytics and artificial intelligence today announced a private placement financing of $200 million from Matrix Capital Management Company LP, one of the Company’s largest stockholders, in exchange for 2,935,564 shares of its Class A common stock. Per the terms of the agreement, the shares will be su