Altium to acquire Octopart & Ciiva

24th August 2015

Altium Limited

Jordan Mulcare

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Altium has announced the acquisition of two 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 specialised inventory search. In addition, a finalised 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, 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.”

The acquisition of Octopart provides Altium with direct access to over 30m 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, Co-Founder and CEO, Octopart. “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.”

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 specialised 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, 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."