Altium acquires Morfik to help electronics designers add cloud connectivity to anything

SYDNEY, Sept. 15 /PRNewswire-FirstCall/ -- Altium has announced it intends to acquire Morfik Technology. The deal is subject to due diligence now under way.

Morfik is an Australian software company. Its products are used by professional software engineers to design, engineer and deploy cloud-based software applications. Morfik's software engineering approach to web-application development makes it suitable for building web-based systems for domains such as electronics design, which involve large amounts of complex, dynamic content.

Altium's objective is to help electronics designers expand their role from designing the electronics in devices to the larger role of designing and engineering web-based 'device ecosystems'. As discussed in the paper " What's next for electronics devices," these ecosystems will consist of a platform comprising the actual electronic devices, connected via the Internet, along with cloud-based software applications that run on this platform.

Altium will continue Morfik's existing business model, which sells software tools and subscriptions for building web-based applications, for Morfik's existing customers.

Altium has been using Morfik's technology and development tools for a number of years as key elements in the development of its own web-based infrastructure for the electronics design process.

Now, Altium is moving to acquire Morfik to strengthen Altium's engineering team and technological capabilities in the web application domain, and accelerate the development of this platform for Altium's customers. When developed, this platform will form the basis of the tools and infrastructure required to help electronics designers develop their own ecosystems of intelligent, connected devices, running their own cloud-based applications.

Combined with the forthcoming new release of Altium Designer, this will provide a framework for the creation of a web-based content delivery model. One result of this will be an expansion of the value and the content delivered by Altium's subscription services. Electronics design content, including new design features, reference designs, and component libraries, will be delivered using this cloud-based framework.

Nick Martin, Altium's CEO, said, "We see the need for a move from designing discrete devices to designing ecosystems of devices that deliver better customer experiences.

"Altium's task is to create the design solution that lets any electronics designer do this, and provide the methodologies, tools, infrastructure and services needed to do so.

"We believe that cloud-based software applications, engineered to harness the power of Internet-enabled intelligent devices, are a vital part of this future. Therefore, this acquisition provides a powerful step forward for Altium in this area. The combination of the Morfik team and the technology they have developed will help us accelerate and advance this process."

Altium believes that Morfik's existing business model is fundamental to the development of the distributed applications that provide the intelligence in these future device ecosystems. Historically, Morfik has focused on providing tools for building cloud applications where the client devices are conventional personal computers (desktop and mobile). This focus will expand over time to include the more intelligent, application-specific devices created by electronics designers that will be part of the next generation of the Internet.

Details of the purchase

Altium will acquire Morfik in a scrip transaction with Altium issuing 13.3 million fully paid ordinary shares (representing between 14 percent and 15 percent of outstanding shares) for 100 percent of Morfik's outstanding shares. All members of Morfik's team will join Altium and Altium will acquire all Morfik's IP and other assets, which are located in Sydney, Hobart, and Kiev in the Ukraine. Morfik's CEO, Aram Mirkazemi, will join Altium as chief of engineering, part of Altium's senior management team. He will work with Altium's founder and CEO/CTO Nick Martin on defining R&D strategy and directing product development.

About Altium

Altium Limited (ASX: ALU) creates electronics design software based on the belief that anyone who wants to create electronic products that make a difference should be able to do so. Altium's unified electronics design environment links all aspects of electronics product design in a single application that is priced to be as affordable as possible. This helps electronics designers break down barriers to innovation, harness the latest devices and technologies, manage their projects across broad design 'ecosystems', and create connected, intelligent designs.

Founded in 1985, Altium has headquarters in Sydney, and operates worldwide. For more information, visit www.altium.com.

SOURCE Altium Limited




Review Article Be the first to review this article
Featured Video
Jobs
SOC Logic Design Engineer for Global Foundaries at Santa Clara, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Senior DSP Architect / System Engineer for General Dynamics Mission Systems at Scottsdale, AZ
Upcoming Events
FPGA 2017 at 350 Calle Pincipal, Marriott Hotel Monterey CA - Feb 22 - 24, 2017
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy