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HiQube Delivers an Integrated, On-Demand Business Intelligence Solution to Altair’s HyperWorks Customers

HyperWorks Customers Gain Access to HiQube’s Advanced Visualization and In-depth Business Analysis Technology at Zero Incremental Cost

TROY, Mich. (May 23, 2008) – HiQube, a leader in high-performance business intelligence (BI) software, today announced that the company has joined Altair’s innovative HyperWorks Partner Solutions Program. The new program provides HyperWorks’ customers with on-demand access to a wide-range of applications that complement Altair’s suite of applications. HyperWorks’ customers will use their existing licenses to tap into partner applications without any additional costs to them. Within this program, HiQube will provide BI capabilities that HyperWorks’ customers can begin using without risk.

Altair’s partnership program includes best-of-breed applications and makes complementary enterprise software readily available to customers without the cost of separate enterprise licenses. The program features an accelerated deployment process that enables customers to obtain and utilize partner software seamlessly, without requiring a new purchase order or extra licensing agreement. This reduces administrative and acquisitions costs for customers.

By using the HiQube BI solutions in conjunction with HyperWorks, joint customers will realize significant benefits in terms of understanding their design processes and tracking product innovation status throughout the full product development lifecycle. HiQube is integrated with the performance and compliance databases within HyperWorks applications. Based on this information, HiQube provides a dashboard of key performance indicators that allows customers to see what processes are working, where there are delays and why, what tests have been run and their results, as well as countless other business queries. In addition to providing high-level project status, all data can be drilled into further to determine the root causes of business outcomes.

HiQube’s technology is easy to use and combines hierarchical, relational and multidimensional BI technologies. HiQube’s technology gives customers the tools they need to perform in-depth business analytics and view data within a superior reporting environment.

“HyperWorks’ customers are some of the biggest names in product innovation, and we’re excited to have the opportunity to expose them to our powerful BI solution,” said Bob Lewis, vice president of global sales for HiQube. “There’s tremendous value in inserting intelligence into manufacturing processes – keeping product development on track is too critical not to watch it closely. The HyperWorks partner program provides the ideal platform from which organizations can access HiQube to drill down on analytics to improve their business processes and implement changes to impact their bottom lines.”

Altair’s partner program is a fundamentally new approach to how businesses purchase their applications. It delivers services that were previously only available to larger companies due to licensing, procurement and administrative costs. It delivers a powerful alternative to the comprehensive product stacks offered by the software giants, yet it provides a significant advantage in comparison because it does not create vendor lock in. Altair customers will be able to select best-of-breed technologies from multiple vendors.

“Our HyperWorks Partner Solutions program helps customers maximize the investment they have already made with Altair and provides an opportunity to quickly and easily deploy innovative technologies without risk,” said James Scapa, president of Altair. “HiQube’s BI solutions will help our customers meet their needs to track performance indicators as well as help them visualize their product innovation status. Combining HyperWorks with HiQube will help customers improve workflows and performance, manage processes, increase revenues and ultimately advance their businesses – all from one source that they trust.”




About HiQube

HiQube is a new high-performance business intelligence (BI) software solution that quickly delivers in-depth business analysis capability and superior reporting, as a result of its unique HiQube technology. HiQube technology is easy to use and is the first to combine hierarchical, relational and multidimensional database technologies. In doing so, it delivers users with unparalleled decision-making power. HiQube BI software solutions are available and supported worldwide. For more information, visit www.hiqube.com.



About Altair

Altair Engineering, Inc. empowers client innovation and decision making through technology that optimizes the analysis, management and visualization of business and engineering information. Privately held with more than 1,300 employees, Altair has offices throughout North America, South America, Europe and Asia/Pacific. With a 20year plus track record for enterprise analytics, product development, and advanced computing, Altair consistently delivers a competitive advantage to customers in a broad range of industries. To learn more, please visit www.altair.com.

Contact:
Bill Butcher
HiQube
(248) 614-2400 x 321
butcher@altair.com

Ivy Eckerman
Spire Communications
(540) 373-2963
ieckerman@spirecomm.com

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