HiQube(TM) Launches Ground-Breaking New Business Intelligence (BI) Platform

HiQube(TM) Launches Ground-Breaking New Business Intelligence (BI) Platform

October 24, 2007

High-performance technology enables extremely flexible,
low-maintenance BI solution that quickly delivers in-depth
reporting and analysis capability

    TROY, Mich., Oct. 24 /Xinhua-PRNewswire/ -- 

    HiQube LLC, a new business intelligence (BI) software
company, announced today the worldwide availability of
HiQube, its high-performance business intelligence (BI)
platform, featuring the ground-breaking HiQube technology.
HiQube combines three BI database technologies to deliver a
solution that handles extremely large datasets while
remaining one of the fastest and most flexible BI solutions
available. Interested customers and channel partners can
learn more by visiting http://www.hiqube.com.

    HiQube technology combines hierarchical, relational and
multidimensional data management methodologies within a
single, unified database architecture. This innovative
platform empowers end-users to easily interact with data
and create personalized, tailored reports. It also enables
users to perform ad hoc queries for "what if?"
analysis. As a result, HiQube technology allows users to
explore and discover key business performance indicators
using the industry's best visualization capabilities.

    "HiQube was created to match BI functionality to
user needs," said Massimiliano Cavallo, HiQube
technology founding partner and the director of
implementation for HiQube. "This revolutionary
technology is especially valuable where business
decision-makers need to access large datasets, and still
have the ability to drill-down and easily make on-the-fly
changes to BI models. HiQube also delivers an extremely low
total cost of ownership (TCO), because the united BI
architecture was created from the ground up. This makes it
quick to implement, easy to learn and is low
maintenance."

    The core technology behind HiQube originated in Italy
and was recently acquired by global technology provider
Altair Engineering. Altair is supporting HiQube's launch
with its worldwide marketing, sales and channel support.

    "Altair Engineering has been successful assisting
leading global manufacturing design organizations to make
better engineering decisions regarding product
innovations," said HiQube Chairman and Altair
Engineering CEO James Scapa. "That is why HiQube is a
natural fit as a technology investment for Altair. With the
high number of departments and individuals tracking and
storing business data today, HiQube can easily handle
massive amounts of information. At the same time, it
ensures that the data is accessible and easy to translate
into business intelligence. Achieving this goal elevates
data into useable knowledge."

    Another advantage of the HiQube BI solution is its
unique "pay-for-what-you-use" software licensing
system. This system delivers significantly higher value
than traditional BI licensing models. In addition, HiQube
takes advantage of Altair's well-established, patented unit
licensing system, already proven in the engineering and grid
technology markets. The power of this model is that
customers can enable their entire IT infrastructure -
servers and desktop workstations - and only pay for the
maximum number licenses that will be concurrently used.
This flexible and customer-friendly licensing system even
allows software licenses to dynamically float across
enterprise-computing resources as well as geographically
separate systems to meet the changing needs of users.

    SUMMARY: HiQube Key Value Differentiators

    -- The HiQube technology handles massive datasets and
is one of the 
       fastest BI solutions in the industry.

    -- HiQube is user-empowered, with unmatched flexibility
and superior 
       reporting capabilities.

    -- HiQube provides lower TCO as a result of a united BI
platform that was 
       created from the ground up. This makes it quick to
implement as well 
       as easy to learn and maintain.

    -- HiQube's unique licensing system delivers a
"pay-for-what-you-use" 
       model that allows enterprises to enable all
computing infrastructure, 
       resulting in increased utilization, lower total
costs and improved 
       efficiencies.

    "HiQube is the only BI solution that offers
versatility in handling very large data sources
efficiently," said Cristiano Monteferrario, business
analyst for Bottega Verde, an international cosmetic
company that uses the HiQube technology for its BI efforts.
"Decision-makers have little patience or time to learn
a complex business intelligence solution that is common
with the majority of other BI platforms. The HiQube
platform's combination of robustness, speed and ease-of-use
make it the ideal platform for Bottega Verde."

    About HiQube

    HiQube(TM) is a new high-performance business
intelligence (BI) software solution that quickly delivers
in-depth business analysis capability and superior
reporting, as a result of its unique HiQube technology.
HiQube technology is easy to use, and is the first to
combine hierarchical, relational and multidimensional
database technologies. In doing so, it delivers users with
unparalleled decision-making power. The core technology
behind this new database management system originated in
Italy and was acquired in 2007 by Altair Engineering, a
global technology provider. HiQube BI software solutions
are available and supported worldwide. 

    About Altair Engineering

    Altair Engineering, Inc. powers on-demand computing and
innovation for customers worldwide. The company's products
and services strengthen 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
20-year-plus track record for product design, advanced
engineering software and on-demand computing technologies,
Altair consistently delivers a competitive advantage to
customers in a broad range of industries. To learn more,
please visit http://www.altair.com.


    For more information, please contact:

     Mike Kidder 
     Altair Engineering, Inc.
     Phone: [phone] ext. 269
     Email: [e-mail]

     Brad Rutledge 
     Rutledge Consulting Group
     Phone: [phone]
     Email: [e-mail]