Revolutionary licensing model allows HyperWorks users access to leading information-mapping software at no incremental cost

TROY, Mich., April 12, 2011 — (PRNewswire) — Altair Engineering ( www.altair.com), a global provider of technology and services empowering client innovation and decision making, today announced the official release of MindManager, the visual information- mapping tool from Mindjet®, through the HyperWorks Partner Alliance (HWPA). This partnership embodies Altair's commitment to offering a diverse suite of leading software both inside and outside the realm of traditional computer-aided engineering. HyperWorks customers, using their previously acquired HyperWorks Units, will gain access to the latest version of MindManager (9.0) through the HyperWorks Units-based licensing mechanism. More information about MindManager is available on the HWPA website, www.hyperworksalliance.com.

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MindManager's benefits synch extremely well with Altair's user base requirement. This furthers both companies' shared mission of providing technology that optimizes the visualization and analysis of information. To foster innovation, organizations and individuals need to capture creative thinking and convert a wealth of inputs into coherent action plans. MindManager enables users to organize, implement, track and complete projects by displaying ideas and information in an easy-to-understand, editable visual layout.

"Mindjet provides essential productivity software that visually manages complex information enabling more efficient requirements gathering and validation, project planning and process improvement for Altair's customers, ultimately leading to better decision-making," said Ken Hirschman, Mindjet vice president of business development. "The HyperWorks licensing model is an attractive system that allows Altair's customers to leverage Mindjet's capabilities while paying only for actual use."

The HWPA enables users to flexibly access software like MindManager on-demand by utilizing their previously acquired HyperWorks Units, maximizing the value of their investment.

MindManager's visual information maps start with a central theme and then add branches with ideas, notes, images, tasks, hyperlinks and attachments. Users can easily import from or export to a variety of applications, including Microsoft Office®. MindManager has been adopted by more than 1.8 million professionals around the world and 45 of BusinessWeek's® 50 "World's Most Innovative Companies."

"Altair is very excited about the addition of MindManager to the HWPA lineup," says Antoine Poussier, director of global partner programs at Altair Engineering. "This technology offers our customers a powerful solution for streamlining, organizing, and visualizing data and processes in the engineering arena and beyond."

Mindjet's flagship software MindManager is the latest addition to the growing portfolio of software applications available through the HyperWorks Partner Alliance. These applications cover a variety of domains including CFD, durability, NVH, impact analysis, and injection molding simulation. To date, more than 475 companies worldwide have joined the HyperWorks Partner Alliance.

About Mindjet®

Mindjet provides personal productivity and collaboration solutions that visually connect ideas, information and people to save time, improve business processes and drive innovation. Used by over 1.8 million professionals around the world in six out of every 10 of the companies listed in the Fortune 100, Mindjet solutions dramatically boost productivity and team effectiveness. Surveys across several industries show that Mindjet can increase productivity by up to 25 percent by making meetings, common communications and project management tasks more efficient and effective. Mindjet is headquartered in San Francisco and has offices throughout the U.S., Europe and Asia. To learn more, please visit www.mindjet.com.

About Altair Engineering, Inc.

Altair Engineering, Inc. empowers client innovation and decision-making through technology that optimizes the value of business and engineering information. Privately held, with more than 1,400 employees, Altair has offices throughout North America, South America, Europe and Asia/Pacific. With a 25-year-plus track record for product design and development, engineering software, advanced computing technologies and enterprise analytics, Altair consistently delivers a competitive advantage to customers in a broad range of industries. To learn more, please visit www.altair.com.

About the HyperWorks Partner Alliance

HyperWorks uses a subscription-based software licensing model, where software licenses float across the enterprise, and customers can use floating licenses to access a broad suite of Altair developed and third party software applications. Customers benefit from unmatched flexibility and access, resulting in maximum software utilization, productivity and ROI. For more information about the HyperWorks Partner Alliance, visit www.hyperworksalliance.com.

SOURCE Altair Engineering

Contact:

Altair Engineering HyperWorks Partner Alliance Antoine Poussier Phone: +1-248-614-2400 Ext. 293 Email Contact Web: http://www.altair.com