Octopart provides advertising and marketing services to electronic component distributors and manufacturers, and has a reported user base of more than 500,000 makers, engineers and component purchasers. "Tightly integrating CAD models and parts 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."Ĭontent on the Octopart website includes market and technical data for over 30 million electronic and industrial components.
"The acquisitions of Octopart and Ciiva represent a significant step in the evolution of Altium's content strategy," said Altium CEO Aram Mirkazemi. In September 2014, Altium raised nearly $45 million in an institutional share placement. The electronics design software company also completed the acquisition of Ciiva, developers of cloud-based electronics component management software. All of Ciiva's 11 engineers have joined Altium.Īlitum did not disclose the purchase prices of the two startups but said the combined investment was less than half the capital raised by the company in a stock placement in last year and could have been funded out of free cash flow. The combined transactions are expected to be accretive to Altium's earnings in its fiscal 2016. The deal is expected to close in late August, subject to customary closing conditions, and Altium expects to retain all 15 of Octopart's New York-based employees. SYDNEY - Altium has signed a definitive purchase agreement to acquire Octopart, a provider of electronic parts data and custom inventory search.
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