1. Altair partners with Adastra to enhance data-driven solutions in EMEA. 2. The partnership aims to improve decision-making through Altair's knowledge graph solutions. 3. Adastra's automotive expertise will leverage Altair's AI technologies effectively. 4. The collaboration reflects Altair's commitment to data accessibility and innovation. 5. Businesses are expected to unlock data potential and drive innovation.
Partnerships often lead to increased sales and market expansion, positively influencing stock price.
The partnership's potential to enhance Altair's services could significantly impact their revenue and stock value.
Long-term growth expected from improved market presence and enhanced solution offerings.
TROY, Mich., Feb. 12, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has named Adastra GmbH, a leading global consultancy specializing in data-driven transformation, as a new channel partner for the EMEA region. Adastra will leverage its AI and integration expertise to help clients throughout the region implement Altair's knowledge graph solutions within the Altair® RapidMiner® platform to uncover hidden data relationships, enhance decision-making, and enable smarter, more connected systems.
"We are thrilled to welcome Adastra as a channel partner. They are well-known for delivering high-quality products and their expertise within the automotive industry in particular will help us deliver compelling solutions throughout the region," said Kimon Afsaridis, managing director of Eastern Europe and vice president of indirect EMEA sales, Altair. "We look forward to collaborating with a channel partner who shares our vision of data accessibility, democratization, and innovation."
By combining Altair's advanced data analytics and AI technologies with Adastra's expertise in integration and delivery, the partnership will empower organizations to unlock the full potential of their data, drive innovation, and improve decision-making.
"Given the data challenges in LLM-based solutions for automotive, Altair's knowledge graph solutions will enhance retrieval and reasoning, enabling smarter and more reliable implementations. We look forward to integrating this capability into our solutions," said Cem Bilir, head of automotive and manufacturing, Adastra Germany.
This partnership reflects Altair's ongoing commitment to working with leading partners to drive innovation and deliver transformative solutions to organizations worldwide. By joining forces, Altair and Adastra aim to provide businesses with the tools and expertise needed to thrive in an increasingly data-driven world.
Altair works with a global network of channel and technology partners. To learn more or to become a partner, visit https://altair.com/altair-partners.
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit https://www.altair.com.
Altair Corporate
Bridget Hagan
+1.216.769.2658
[email protected]
Altair Europe/The Middle East/Africa
Louise Wilce
+44 (0)7392 437 635
[email protected]
Altair Asia-Pacific
Man Wang
86-21-5016635, 825
[email protected]
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