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



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

    TROY, MI, Oct. 23 /CNW/ -- 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 further information:

For further information: Mike Kidder of Altair Engineering, Inc.,
+1-248-614-2400, ext. 269, Media@altair.com, or Brad Rutledge of Rutledge
Consulting Group, +1-801-824-6218, brad@rutledgeconsultinggroup.com; Web Site:
http://www.hiqube.com, http://www.altair.com

Organization Profile

HIQUBE LLC

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ALTAIR ENGINEERING INC.

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