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Altair® Monarch® Marks 30th Anniversary with Major New Release of Intuitive and Proven Data Preparation Solution for All Experience Levels

TROY, Mich., June 15, 2020 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in product development, high-performance computing (HPC), and data analytics, today announced the latest launch of Altair® Monarch®, a major new release of its powerful and intuitive data preparation solution. Marking the 30th anniversary of Monarch’s original launch, the new version strengthens the ability of users to extract and convert data automatically from sources including Excel spreadsheets, PDFs, and text-based files, and prepare it quickly and precisely for efficient data analysis and machine learning predictions. 

By converting data from any source into rows and columns without any need for coding, Monarch quickly generates clean and accessible reports. More than 80 pre-built functions are available, enabling laborious and error-prone manual data preparation tasks to be fully automated. Reports that previously took hours or even days to create are now completed in minutes. As a result, users are free to focus on value added data analysis that supports better decision making.

Key features new to Monarch include:

“With a global user community in the tens of thousands, Monarch encompasses our long experience of helping customers overcome complex data preparation challenges,” said Sam Mahalingam, chief technical officer, Altair. “Thirty years to the day since the original launch, it is entirely appropriate that we now offer even greater freedom to transform data from multiple sources into a powerful business asset.”

A free trial of Monarch is available at https://web.altair.com/monarch-free-trial and more information can be found at https://www.altair.com/monarch/.

For more insight into Altair’s data analytics offerings, join us at the virtual Altair Data Analytics Summit on June 23-25 to be immersed in the technologies and ideas that drive smarter decision-making: https://web.altair.com/data-analytics-summit.

About Altair (Nasdaq: ALTR)
Altair is a global technology company that provides software and cloud solutions in the areas of product development, high performance computing (HPC) and data analytics. Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future. To learn more, please visit www.altair.com.

Media Contacts:

Corporate 
Jennifer Ristic 
+1.216.849.3109 
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Investor Relations
The Blueshirt Group
Monica Gould +1 212.871.3927
Lindsay Savarese - +1 212.331.8417
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Altair Europe / The Middle East/Africa
Evelyn Gebhardt
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Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/15eb731d-5dfa-4d18-95db-8550c57f8acf

https://www.globenewswire.com/NewsRoom/AttachmentNg/3f892a11-1a7c-4fa6-8609-4c233f8b8aef

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