Company News Summary | 14 Aug 2015

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Altium Announces to Acquire Octopart

08:50:00 | Associate analysts

Original annuncemenet:Altium to Acquire Octopart

Altium announced that it has signed a definitive purchase agreement to acquire Octopart. Octopart's content enables any engineer to easily access comprehensive electronic parts data for more rapid and cost-effective design, sourcing and manufacturing. In addition, the Company has completed the acquisition of Ciiva, a cloud-based electronic component management system that is designed to transform the way that components are controlled and tracked throughout the product lifecycle management process. The acquisition of Ciiva has closed and all of Ciiva's 11 engineers have joined the Company. The acquisition of Octopart is expected to close in late August 2015, subject to customary closing conditions and after the Company has published its final audited results for fiscal 2015.

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