Altair has picked up computational electromagnetics software developer NewFasant, based on the research of University of Alcalá associate professor Lorena Lozano Plata.

NewFasant, a Spain-based computational electromagnetics software spinout of University of Alcalá, was acquired by engineering modelling and analytics software publisher Altair for an undisclosed sum yesterday.
Founded in 2010, NewFasant develops software that computationally models the structure of electromagnetic fields so that clients can test products such as antennas and radar.
The products, part of an industry specialism known as electromagnetic solving, help engineers identify faults in areas such as antenna placement, radar cross-section analysis and advanced driver-assistance systems.
Altair will use the technology to augment its own computational electromagnetics software, Altair Feko, adding greater support for aspects such as Doppler effects, vehicle-to-vehicle communication and periodic structures.
NewFasant emerged from research led by Lorena Lozano Plata, an associate professor and faculty member at University of Alcalá’s computer science department. The spinout does not appear to have disclosed details of equity funding.
Felipe Cátedra, CEO of NewFasant, said: “We could not be more excited to join the ranks of such a globally relevant and growing software player.
“Ever since we spun off from the University of Alcalá, we have grown the sophistication of our offerings, but by joining a powerhouse like Altair, we will be able to commercially expand our footprint immensely.”