Altair announced it has acquired Synopsis Consulting. Founded in 1986 and headquartered in Turin, Italy, Synopsis provides product development process efficiency improvement services through the implementation of business and engineering performance analytics solutions. The staff of Synopsis will be incorporated into Altair's product development division, Altair ProductDesign, to augment the company's Enterprise Solutions Group, Altair says.
Fiat Auto and Iveco are among Synopsis' customers. The company's primary area of expertise involves the development of engineering analytics systems that help to connect a client's cross-functional development teams, allowing the accurate tracking of costs, materials, product performance and weight targets throughout the development and manufacturing cycles, the company says.
"Before the acquisition, Synopsis was a close partner of Altair in providing our clients with cost and weight analytics solutions," said Mike Heskitt, COO of Altair ProductDesign. "With the growing awareness of the critical importance of light-weighting in both the automotive and aerospace markets, the weight analytics solutions we have developed combine with Altair's core optimization technologies and expertise to furnish a complete solution for our customers. This is why the acquisition was a natural fit for both companies."
Altair will capitalize on the Synopsis Consulting team's business and engineering analytics domain knowledge and establish a center of excellence to work in conjunction with Altair ProductDesign's Enterprise Solutions Group. The combined group will assist companies in solving engineering problems at the desktop, team and enterprise levels by "identifying potential improvements in existing operations and help to increase efficiency through system integration, process automation, specialist dashboards and data management solutions," the company says.
For more information, visit Altair and Synopsis Consulting.
Sources: Press materials received from the company and additional information gleaned from the company's website.