11/8/2022 0 Comments Octopart library altium designer![]() We believe that everyone involved in the product development lifecycle can benefit from the bringing together of Altium's content and design tool expertise with Octopart's data and search capabilities. ![]() In commenting on the acquisition, Octopart's Co-founder and CEO Sam Wurzel stated "we share Altium's vision for the need to improve how electronic part information is captured and sourced in order to help engineers design with greater confidence. " This acquisition will allow Altium to monetize in a way that will make its efforts in content creation and delivery to be sustainable." ![]() "Octopart will be the basis for Altium's next-generation smart content creation and delivery platform, where part information, design data and supply chain intelligence will come together to accelerate and inform the design process for engineers," said Mirkazemi. Octopart has developed long-term, recurring-revenue relationships with these component distributors and manufacturers. 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. #Octopart library altium designer software#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. The company also offers the software under perpetual licensing.SYDNEY - Altium has signed a definitive purchase agreement to acquire Octopart, a provider of electronic parts data and custom inventory search. The application can also suggest alternative parts if desired.Īltium Designer subscription begins at $325 per month. The module is integrated with Octopart and IHS Markit databases it relies on “aggregated from over 300 distributors and over a billion parts” to display RoHS data, part location, and price, among other real-time information, the company stated. In Altium Designer 22, Altium has added a new feature called Part Insights Experience, which “proactively provides supply chain intelligence directly within the design experience,” according to the announcement. Several major CAD software makers, including Autodesk and Dassault Systemes, are building bridges with on-demand manufacturing networks such as Xometry, Proto Labs, and Fictiv (read “ Aiming to be the Amazon of On-Demand Manufacturing, April 2019) to enable direct order from the design environment. ![]() ![]() Altium explains that it has worked out a shared credential system as part of its partnership with Macrofab to streamline the communication between Altium 360 and Macrofab.Īltium's initiative to augment its PCB design software with direct links to contract manufacturers mirrors a trend also visible in the mechanical design market. With Altimade, Altium 365 users can request price quotes and order prototypes directly from the design environment. In the Nexar ecosystem, Altium 365 users interact with board makers, componet suppliers, and service providers via APIs. “We’re no longer designing for manufacturing as a separate activity, but designing with manufacturing in a collaborative environment.” “By integrating Altium’s cloud platform for PCB design with MacroFab’s modern, digital-first manufacturing platform, Altimade represents a huge step towards the digital transformation of the electronics industry,” said Ted Pawela, Chief Ecosystem Officer of Altium. Partnership with MacrofabĪ critical partner for the launch of Altimade is Macrofab, boasting a network of more than 75 factories serving the PCB segment. Altium's new application Altimade is made possible by a partnership with Macrofab, a netework of on-demand manufacturers. ![]()
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