The computational science and artificial intelligence company Altair has announced the acquisition of Cassini, a cloud-native product lifecycle management technology, to enhance digital thread solutions.
With this acquisition, the information technology company hopes to accelerate development and broaden its offer of digital thread solutions via the Altair One cloud platform.
Digital threads provide a 360-degree view of conceptualised product data and accelerate new product development, by improving processes and creating a seamless experience between the digital and physical worlds.
Altair has stated that the acquisition of Cassini will unlock the potential of AI-based simulations and provide its users with a closed-loop product verification and validation platform.
“Led by visionary founder and industry veteran in both mechanical and electrical data management solutions, Raghuram Tera, Cassini brings innovative technology and an incredibly talented team to Altair,” said founder and CEO of Altair James R. Scapa.
“Upon integration, customers will have a comprehensive view of digital thread activities in the simulation portion of the PLM value chain, creating a differentiated journey and value for design engineers, simulation engineers, production engineers, engineering data scientists, and IT/ HPC administrators.”
Based in Hyderabad, India, Cassini is a unified product lifecycle management solution that lives in the cloud and aims at simplifying and accelerating product development cycles and managing the product lifecycle from concept to end-of-life.
‘We are proud to have built a world-class unified cloud platform that simplifies and accelerates product development cycles and manages entire product lifecycles from concept to customer,” said founder and CEO of Cassini Raghuram Reddy Tera.
“Altair is a significant player in the PLM value chain and it’s a natural and exciting opportunity for Cassini to join the Altair team.”