Altair Engineering and Mindjet Sign Agreement to Offer MindManager through the HyperWorks Partner Alliance

TROY, Mich., Dec. 1, 2010 /PRNewswire/ -- Altair (www.altair.com), a global provider of technology and services empowering client innovation and decision making, today announced the signing of an agreement with Mindjet® to offer its visual information mapping tool, MindManager, 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. Planned for official release in the first quarter of 2011, the latest version of MindManager® will be available to HyperWorks users from the HWPA website at www.hyperworksalliance.com at no incremental cost using customers' previously acquired HyperWorks Units.

MindManager software was created to conquer information overload, simplify project planning and communicate ideas more clearly for individual users, within teams, and across organizations. 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 maps are ideal for capturing and organizing information to quickly transform thoughts and ideas into fine-tuned documents, compelling presentations and winning strategies. MindManager has been adopted by more than 1.5 million professionals around the world and 44 of BusinessWeek's® 50 'World's Most Innovative Companies'.

"Fostering innovation and driving decision-making is core to what Mindjet's products and services provide," says Ken Hirschman, Mindjet Vice President of Business Development. "We view the HyperWorks licensing system as an ideal conduit to expand our business by leveraging Altair's global user base to expose new audiences to MindManager."

HyperWorks is a suite of enterprise analytic applications that includes statistical, database, visualization and simulation software to help companies make better business decisions.  Its patented HyperWorks Units licensing technology allows users to transparently share software licenses globally across a broad suite of applications.

"The addition of MindManager to the HyperWorks Partner Alliance demonstrates Altair's commitment to providing robust and comprehensive solutions," explains Martin Nichols, Altair Executive Vice President of Global Alliances and Operations. "This is the first HWPA application that can be truly leveraged across an entire organization. Now everyone from engineers to management to purchasing departments can directly benefit from access to the HWPA, which adds compelling value to our software offering."

Mindjet's flagship software MindManager will be 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. Gaining access to tools like MindManager enables users to maximize their current investment by utilizing their previously acquired HyperWorks Units. To date, over 450 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 more than 1.5 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 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 25-year track record for product design, advanced engineering software, grid computing technologies and enterprise analytics solutions, Altair consistently delivers a competitive advantage to customers in a broad range of industries. To learn more, please visit http://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, Inc.; Mindjet