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Altair Announces Chief Monetary Officer Transition

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TROY, Mich., Dec 08, 2020 (World NEWSWIRE through COMTEX) —
TROY, Mich., Dec. 08, 2020 (Globe NEWSWIRE) — Altair (Nasdaq: ALTR), a international engineering company delivering software package and cloud remedies in the parts of simulation, facts analytics, and substantial-overall performance computing (HPC), today announced that Matthew Brown has been appointed to provide as senior vice president, helpful January 1, 2021, and will develop into Altair’s main economic officer (CFO), on March 16, 2021. Brown will do well Howard Morof, who will be stepping down from the CFO part on March 16, 2021 to go after new opportunities and particular interests.

Brown earlier served in finance leadership roles at NortonLifeLock, a main shopper cyber security business, together with as interim CFO from November 2019 to July 2020. Prior to that he served in finance management roles at Symantec, a leading company of company security software, from August 2016 to November 2019, most not long ago as vice president of finance and chief accounting officer. Earlier, Brown served in various finance roles at Blue Coat Systems, NETGEAR, and Brocade Communications, right after commencing his vocation at KPMG, LLP. Brown is a qualified general public accountant and holds a Bachelor of Science diploma in organization administration from the Walter A. Haas University of Company at College of California, Berkeley.

“We are extremely energized to incorporate Matt to our workforce,” mentioned James R. Scapa, founder and chief executive officer of Altair. “His practical experience in finance and accounting, as effectively as his motivation to company progress, position him to make major contributions to our company. I be expecting that he will be a valued advisor to me and an crucial part of our development and growth.”

“I am thrilled to be becoming a member of Altair at this kind of an thrilling position in the company’s background,” mentioned Brown. “Innovation and envisioning the future are at the main of Altair’s society. I glance ahead to continuing that legacy when working along with some of the industry’s smartest men and women to drive profitable expansion and supply benefit to our buyers, partners, stockholders, and staff.”

“I also want to just take this opportunity to thank Howard Morof for his significant contributions to Altair about the earlier eight decades, both as the head of our accounting and finance teams and as an critical member of senior management,” mentioned Scapa. “With his management in guiding us through our IPO and assisting us to build a firm footing as a reporting company, Howard has been instrumental in producing our strong marriage with the expenditure neighborhood, established on a good status for integrity and trustworthiness. I want Howard a lot accomplishment in the long run.”

“It has been a terrific pleasure to serve as CFO of Altair,” mentioned Morof. “I have the utmost self-assurance in the firm, and I am grateful for the option to have labored with these kinds of a proficient and dedicated team of individuals.”

Altair is reaffirming its formerly announced guidance for the fourth quarter and total calendar year 2020 which was outlined in its 3rd quarter 2020 earnings push launch.

About Altair (Nasdaq: ALTR)

Altair is a international engineering corporation that delivers software program and cloud answers in the regions of info analytics, simulation, and higher-overall performance computing (HPC). Altair permits companies across broad marketplace segments to compete additional effectively in a linked globe while developing a a lot more sustainable potential. To understand additional, make sure you take a look at www.altair.com.

Cautionary Language Relating to Ahead-Looking Statements

This press release is made up of “forward-looking statements” inside the this means of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, which includes but not minimal to, our reaffirmation of our advice for the fourth quarter and entire yr 2020. These ahead-on the lookout statements are created as of the date of this release and are centered on latest anticipations, estimates, forecasts and projections as perfectly as the beliefs and assumptions of management. Words this kind of as “count on,” “anticipate,” “really should,” “believe that,” “hope,” “focus on,” “job,” “targets,” “estimate,” “opportunity,” “predict,” “may well,” “will,” “might,” “could,” “intend,” variations of these phrases or the unfavorable of these phrases and similar expressions are meant to determine these ahead-wanting statements. Forward-searching statements are topic to a range of hazards and uncertainties, many of which entail things or circumstances that are further than Altair’s handle. Altair’s true final results could differ materially from people said or implied in our forward-hunting statements due to a quantity of elements, which include but not constrained to, the pitfalls thorough in Altair’s quarterly and yearly experiences filed with the Securities and Trade Commission as perfectly as other paperwork that could be submitted by the Corporation from time to time with the Securities and Trade Commission. Past functionality is not necessarily indicative of foreseeable future outcomes. The forward-seeking statements involved in this press launch depict Altair’s views as of the day of this press release. The Company anticipates that subsequent situations and developments will result in its views to alter. Altair undertakes no intention or obligation to update or revise any forward-hunting statements, regardless of whether as a end result of new details, potential gatherings or otherwise. These ahead-seeking statements need to not be relied upon as symbolizing Altair’s views as of any date subsequent to the day of this press release.

Altair Media Call
Jennifer Ristic
[email protected]

Altair Trader Relations
The Blueshirt Group
Monica Gould +1 212.871.3927
[email protected]

A image accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c94d7dd-3f5a-4632-8father-6711703advertisement13a


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