Altium to Acquire Industry-Leading Electronic Parts Content and Search Providers
San Diego, Calif. (PRWEB) August 20, 2015 -- Altium Limited has announced the acquisition of two industry-leading electronic parts content and search providers, Octopart and Ciiva. A definitive purchase agreement has been signed to acquire Octopart, a provider of electronic parts data and specialized inventory search. In addition, a finalized agreement has been signed to acquire Ciiva, a cloud-based electronic component management system that controls and tracks components throughout the product lifecycle management process. These acquisitions will enable Altium to expand their product lineup to include an integrated content strategy for enhanced component management workflows.
“The acquisitions of Octopart and Ciiva represent a significant step forward in the evolution of the Altium content strategy,” said Aram Mirkazemi, CEO at Altium. “Tightly integrated CAD models and part supply information will bring a state change to the way in which parts selection and component management are performed during and after the design process is completed.”
Intelligent Electronic Parts Data from Octopart
The acquisition of Octopart provides Altium with direct access to over 30 million electronic and industrial components, allowing Altium to expand their content offering for users of their PCB design tools. Altium customers will also benefit from an extensive supplier database network provided by Octopart, allowing designers to directly connect to the electronic component distributors and manufacturers.
“We believe that everyone involved in the product development lifecycle can benefit from the bringing together of Altium content and design tool expertise with the Octopart data and search capabilities”, said Sam Wurzel, Octopart Co-Founder and CEO. “We are excited to pursue the opportunity to deliver smart content and actionable supply chain intelligence to makers and design engineers as they develop the next generation of connected devices.”
Cloud-Based Component Management from Ciiva
The acquisition of Ciiva will allow Altium to provide customers with an integrated parts management solution that enables engineers to overcome BOM and component data management challenges. The integration of the tools, content, and services between Altium and Ciiva will empower engineers all over the world with specialized design and data management capabilities throughout the entire product design process.
“Our vision to provide easy access to parts data and to help people overcome common component data management challenges will only be accelerated with our acquisition by Altium,” said Leigh Gawne, Co-Founder and CEO at Ciiva. “By integrating our tools, content, and services with the Altium ecosystem, we’re able to accelerate the reach of our vision and offer a complete component management solution to every engineer around the world."
Availability and Updates
All services and solutions offered by Octopart and Ciiva will continue to operate as usual, with no changes for current customers. Altium will be working closely with Ciiva and Octopart in the coming months to integrate their existing technologies and data management platforms into the Altium ecosystem. Future information about the developments of this integration by can be found on the Octopart blog and Ciiva blog.
Elena Gur, Altium, http://www.altium.com, +1 858 864 1573, [email protected]
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