Altair and Hicare Research to independently develop HiQube-based BI technology
On September 26, 2008, Altair Engineering, Inc., a U.S. headquartered company based in Troy, Michigan, and Hicare Research Srl, an Italian company based in Torino, announced that they have entered into an agreement to move forward independently with respect to the future development, sales and marketing of the underlying business intelligence software technology currently named HiQube and developed by HiQube LLC.
Through the agreement, Altair will receive full ownership of HiQube LLC from the Hicare Research partners and the Hicare founders will receive full ownership of Hicare Research Srl.
Each company will have rights to all software assets as of September 26, 2008 and the right to independently develop and sell this technology following this date.
Altair Engineering Inc, and its subsidiary HiQube LLC, will own the ‘HiQube’ brand and continue to independently develop and sell the technology under this brand.
Hicare Research Srl, will own and continue to independently develop the technology under its previous brands 'Hicare', 'Lilith' and 'HCR”, working in the traditional BI field.
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