Altair Announces Main Economic Officer Transition Nasdaq:ALTR

Matt Brown joins Altair as senior vice president

Matt Brown joins Altair as senior vice president

TROY, Mich., Dec. 08, 2020 (Globe NEWSWIRE) — Altair (Nasdaq: ALTR), a world-wide technological innovation business furnishing application and cloud answers in the regions of simulation, information analytics, and substantial-performance computing (HPC), these days introduced that Matthew Brown has been appointed to serve as senior vice president, productive January 1, 2021, and will develop into Altair’s main fiscal officer (CFO), on March 16, 2021. Brown will do well Howard Morof, who will be stepping down from the CFO job on March 16, 2021 to go after new options and individual passions.

Brown earlier served in finance management roles at NortonLifeLock, a major shopper cyber safety firm, which include as interim CFO from November 2019 to July 2020. Prior to that he served in finance leadership roles at Symantec, a main service provider of organization security computer software, from August 2016 to November 2019, most not long ago as vice president of finance and main accounting officer. Previously, Brown served in several finance roles at Blue Coat Methods, NETGEAR, and Brocade Communications, right after beginning his profession at KPMG, LLP. Brown is a qualified general public accountant and retains a Bachelor of Science diploma in organization administration from the Walter A. Haas College of Small business at University of California, Berkeley.

“We are extremely energized to include Matt to our group,” stated James R. Scapa, founder and main executive officer of Altair. “His expertise in finance and accounting, as very well as his commitment to business progress, placement him to make considerable contributions to our enterprise. I anticipate that he will be a valued advisor to me and an essential section of our progress and growth.”

“I’m thrilled to be becoming a member of Altair at this kind of an enjoyable level in the company’s history,” said Brown. “Innovation and envisioning the long term are at the core of Altair’s culture. I seem ahead to continuing that legacy whilst functioning alongside some of the industry’s smartest men and women to drive profitable expansion and supply worth to our customers, associates, stockholders, and staff members.”

“I also want to acquire this possibility to thank Howard Morof for his significant contributions to Altair about the past eight yrs, each as the head of our accounting and finance teams and as an critical member of senior administration,” explained Scapa. “With his management in guiding us via our IPO and encouraging us to build a organization footing as a reporting organization, Howard has been instrumental in acquiring our solid relationship with the investment community, launched on a solid name for integrity and reliability. I wish Howard significantly good results in the foreseeable future.”

“It has been a wonderful pleasure to serve as CFO of Altair,” explained Morof. “I have the utmost self esteem in the group, and I am grateful for the possibility to have worked with this kind of a proficient and dedicated team of individuals.”

Altair is reaffirming its beforehand declared direction for the fourth quarter and whole year 2020 which was outlined in its third quarter 2020 earnings press release.

About Altair (Nasdaq: ALTR)

Altair is a world wide technology company that offers computer software and cloud remedies in the locations of details analytics, simulation, and higher-effectiveness computing (HPC). Altair enables corporations throughout wide market segments to compete a lot more efficiently in a related planet while developing a a lot more sustainable long run. To learn much more, be sure to take a look at www.altair.com.

Cautionary Language Concerning Forward-Seeking Statements

This push launch has “forward-wanting statements” in the indicating of the “safe harbor” provisions of the Personal Securities Litigation Reform Act of 1995, like but not minimal to, our reaffirmation of our assistance for the fourth quarter and full year 2020. These ahead-seeking statements are manufactured as of the date of this release and are based on recent expectations, estimates, forecasts and projections as nicely as the beliefs and assumptions of administration. Words this sort of as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” versions of these phrases or the unfavorable of these phrases and very similar expressions are meant to establish these forward-wanting statements. Forward-looking statements are matter to a number of hazards and uncertainties, lots of of which entail elements or situations that are past Altair’s management. Altair’s real final results could vary materially from all those stated or implied in our forward-looking statements because of to a amount of factors, like but not constrained to, the risks comprehensive in Altair’s quarterly and yearly reports filed with the Securities and Trade Commission as perfectly as other documents that could be submitted by the Business from time to time with the Securities and Exchange Fee. Past performance is not automatically indicative of potential final results. The forward-searching statements integrated in this push launch symbolize Altair’s views as of the day of this push launch. The Organization anticipates that subsequent functions and developments will result in its views to adjust. Altair undertakes no intention or obligation to update or revise any ahead-hunting statements, whether or not as a end result of new information, long term activities or usually. These ahead-searching statements really should not be relied on as representing Altair’s sights as of any day subsequent to the date of this push launch.

Altair Media Make contact with
Company
Jennifer Ristic
+1.216.849.3109
[email protected]

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

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