BillionaireNet
Scapa
James Scapa
Rank #1786
UNITED STATESTechnologySoftware

James Scapa

Net Worth
$2.208B
0% (24h)
James Scapa is the Founder, Chairman, and CEO of Altair Engineering, a global technology company specializing in simulation, high-performance computing (HPC), and artificial intelligence (AI). With a net worth of $2.2 billion, Scapa's wealth stems from the success of Altair, which he co-founded in 1985. Throughout his career, he has overseen Altair's growth from a startup into a leading provider of software solutions across various industries. Scapa's leadership has been instrumental in Altair's achievements, including its 2017 IPO and subsequent acquisition by Siemens in March 2025. His focus on innovation and the application of computational intelligence has driven Altair's success, making him a prominent figure in the technology sector.

The Full Dossier

Early Life

James R. Scapa was born in New York to Greek immigrant Holocaust survivors. Growing up in New York, Scapa developed an interest in engineering, which led him to pursue a bachelor's degree in Mechanical Engineering from Columbia University. He later earned an MBA from the University of Michigan.

Rise to Success

Scapa began his career as a computer engineering consultant. In 1985, he left his role at General Motors to co-found Altair Engineering with George Christ and Mark Kistner. Altair initially started as an engineering consulting firm, but Scapa's vision led the company to branch into product development and computer-aided engineering (CAE) software. Scapa has served as the CEO of Altair since its inception. Under his leadership, Altair developed its software products, including HyperWorks, OptiStruct, and HyperMesh, which became industry standards, particularly in the automotive sector.

Key Business Strategies

One of Scapa's key business strategies was fostering a culture of innovation. Altair consistently invested in research and development, leading to the creation of advanced software solutions in simulation, HPC, and AI. Another crucial strategy was the flexible units-based software licensing model. This approach provided customers with versatile access to a wide range of tools. Furthermore, strategic acquisitions, such as the 2024 acquisition of Cambridge Semantics, expanded Altair's capabilities in data analytics. Under Scapa's leadership, Altair went public in 2017. In March 2025, Siemens acquired Altair for approximately $10.6 billion.

Philanthropy

Information on specific philanthropic amounts could not be found.

Career Timeline

2025

Altair Acquired by Siemens

Oversaw the acquisition of Altair by Siemens for $10.6 billion.

2017

Altair IPO

Led Altair Engineering through its IPO on the NASDAQ.

1985

Co-founded Altair Engineering

Co-founded Altair Engineering with George Christ and Mark Kistner, serving as CEO and Chairman.

Philanthropic Impact

Information not available$XB

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Wealth Trajectory