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Altair and Herndonwood Associates Inc. Partner to Implement HiQube Business Analytics Solutions

Privately-held consulting group is strategically aligned to develop and deploy HiQube solutions throughout the U.S.

TROY, Mich., June 14, 2012 – Altair today announced that Herndonwood Associates Inc., headquartered in Bloomfield Hills, Mich., has become an implementation partner of Altair’s HiQube business analytics and performance optimization platform. Herndonwood’s professional services are strategically aligned across four practice areas to provide flexible, cross-functional delivery models that understand and can interact with all functional areas of an organization. The partnership brings a wealth of knowledge and professional services in technology, compliance, audit, accounting, and management expertise to the delivery of HiQube-based analytics solutions.

“Unlike traditional BI tools, HiQube’s rapid deployment on existing infrastructure and ease-of-use quickly brings detailed business analytics to management levels that are most dependent upon this information in their daily activities,” said Mark Stifter, partner for Herndonwood Associates. “We also see potential synergies with our other practice areas and are extremely enthusiastic about the opportunity to partner with Altair.”

“Successful systems integrators and business consultants continuously evolve and build upon their solutions and services to increase their value proposition,” said Miles Mahoney, president of HiQube. “This partnership is no different and underscores the new business opportunities that are possible by aligning deep domain knowledge with cutting edge technology. Herndonwood has invested the time to fully understand and innovatively apply our business analytics and optimization platform within the context of its professional services. We look forward to a successful, long-term partnership with Herndonwood and supporting its consulting engagements to increase its clients’ overall business performance.”

“Organizations require the ability to quickly analyze critical information and make strategic business decisions to align sales and marketing strategies in response to competitive and marketplace changes,” said Mike Hoye, director of Spreadsheet Risk and Compliance Services for Herndonwood. “Currently, much of this information is captured and stored in ERP and legacy business systems, but ultimately downloaded and manipulated in complex, critical spreadsheets and other end-user computing applications. HiQube’s ability to generate detailed business analytics from critical spreadsheets and other end-user computing applications aligns perfectly with our Spreadsheet Risk and Compliance Services by ensuring that the data being relied upon is accurate and controlled.”

Herndonwood Associates (www.herndonwood.com) is a privately held consulting firm that is strategically aligned into four service areas to generate an overlap of skills providing insight across key business functions. Herndonwood's responsive teams have a combination of public accounting and relevant industry experience, advanced degrees and market-leading certifications. Engagements are executed through flexible delivery models including consulting, co-sourcing and out-sourcing. This distinct operating model allows Herndonwood to deliver complete solutions to business problems that require a cross-functional delivery team. Additionally, it facilitates early awareness of issues and the timely presentation of recommendations allowing clients to make better-informed decisions.

About HiQube
HiQube is a simulation-driven analytics platform to maximize business performance. Unrivaled in speed for large data sets, HiQube uniquely leverages an embedded optimization engine that speeds and guides decision-making. As a complementary solution, HiQube enriches the value of existing IT investments by providing forward-looking insight to realize business objectives. To learn more, try HiQube live or download a free trial license, visit www.hiqube.com.

About Altair
Altair 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 1,500 employees, Altair has offices throughout North America, South America, Europe and Asia/Pacific. With a 26-year track record for high-end software for engineering and computing, enterprise analytics solutions, and innovative product design and development, Altair consistently delivers a competitive advantage to customers in a broad range of industries. To learn more, please visit www.altair.com or www.simulatetoinnovate.com.

Altair Media Contact:
Jennifer Korail
Airfoil Public Relations for HiQube

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