Altair Engineering CEO James R. Scapa Named 2004 Entrepreneur of the Year -- Technology.TROY, Mich. -- James R. Scapa, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Troy, Mich.-based Altair Engineering Altair Engineering is a product design and development, engineering software and grid computing software company. Altair was founded by Jim Scapa, George Christ, and Mark Kistner in 1985. Over its history, it has had various locations near Detroit, Michigan, USA. Inc., named Eastern Michigan's 2004 Ernst & Young Entrepreneur of the Year in Technology. The Ernst & Young Entrepreneur of the Year program has honored successful entrepreneurs since the award's inception in 1989. Nominees must be owners or top managers of private or public companies and primarily responsible for company performance. Criteria for selection include operating and job growth, financial earnings and revenue, and a corporate commitment to social and community involvement. Winners are chosen by an independent panel of distinguished business, academic and media persons. "I am sincerely honored to have received this award," said Mr. Scapa, "I clearly owe this recognition to the talent and entrepreneurialism of the people in Altair. We've come a long way and I believe there is still far to go." Along with two partners, Mr. Scapa founded Altair Engineering in 1985 as a product design consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , with an investment of $1,500. Since then, the company has expanded its offerings to include advanced engineering software and grid computing grid computing, the concurrent application of the processing and data storage resources of many computers in a network to a single problem. It also can be used for load balancing as well as high availability by employing multiple computers—typically personal technologies, in addition to high end product design and development consulting services. Altair comprises five lines of business, operating in 11 different countries with over 700 consultants and serving more than 1,800 clients worldwide. The company posted sales of $80 million in 2003. For the past two years, Altair has been named by the Michigan Business and Professional Association as one of Detroit's 101 Best & Brightest Companies To Work For. Sponsored by Ernst & Young, the annual Entrepreneur Of The Year(R) award is presented to the most successful and innovative entrepreneurial business leaders in more than 30 countries around the globe. As part of the regional Eastern Michigan 2004 Entrepreneur of the Year program, local sponsors include, WJR WJR Woodcock Johnson-Revised , Crain's Detroit Business, Dykema Gossett Dykema Gossett PLLC is a law firm headquartered in Detroit, Michigan. Founded in 1926, the firm, known simply as "Dykema," has offices in various locations around the United States including Chicago, Dallas, Los Angeles, and Washington, D.C. , Marsh USA, Inc., the Michigan Economic Development Corp., and Seymour Gill Financial/MassMutual Financial Group. About Altair Engineering Through product design consulting, advanced engineering software and high performance computing technologies, Altair Engineering increases innovation for clients around the globe. Founded in 1985 and privately held with offices throughout 11 countries, Altair's unparalleled knowledge and expertise in product development and manufacturing extend throughout North America, Europe and Asia. As the developer of Altair(R) HyperWorks(R) - The Engineering Framework for Product Design(TM), Altair is the leading provider of high-end, open CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. software solutions for modeling, visualization, optimization and process automation. The company's grid computing software, PBS PBS in full Public Broadcasting Service Private, nonprofit U.S. corporation of public television stations. PBS provides its member stations, which are supported by public funds and private contributions rather than by commercials, with educational, cultural, Pro(TM), is a workload management solution for high performance computing environments, LINUX clusters and desktop cycle harvesting that delivers an ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). within one year. For detailed information about Altair, visit www.altair.com. |
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