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(RTTNews) - Altair (ALTR) announced Monday it has entered into a definitive agreement to acquire all of the outstanding capital stock of Metrics Design Automation Inc., a Canadian company with a game changing simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification.

The financial terms of the deal were not disclosed. The closing of the transaction is subject to customary conditions.

The Metrics digital simulator, DSim, when combined with Altair's Silicon Debug Tools, will deliver a world-class, advanced simulation environment with superior simulation and debug capabilities in the EDA and semiconductor space.

The Altair and Metrics solution delivers the flexibility to run as a desktop app, on your own servers, or in the cloud and can run very large regressions with the customer paying only for what they use.

DSim will be available through Altair One, Altair's cloud innovation gateway, where it will also be available for desktop download.

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