# Altium acquires Upverter to expand cloud-based offering

Altium Limited announced the acquisition of Upverter, Inc., a developer of a fully-cloud, fully-collaborative electronics design system based in Toronto, Canada. The entire Upverter team, including CEO Zak Homuth, will join Altium.

- Type: Acquisition
- Announced: 2017-08-28
- Where: Toronto, Canada
- Status: announced
- Products: cloud-based electronics design software
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Altium](https://endata.com/companies/26573.md) (acquirer)
- [Upverter](https://endata.com/companies/26574.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/ALTIUM-10353100/news/Altium-Announces-Upverter-Acquisition-25014606/), 2017-08-28: "Electronic design software company Altium Limited announced today that it has acquired Upverter, Inc., the developer of the world's first fully-cloud, fully-collaborative electronics design system."
- [blog.upverter.com](https://blog.upverter.com/2017/08/28/upverter-joins-altium/), 2017-08-28: "We've been acquired by Altium, a leading provider of design software for the electronics industry."
- [atlastechgroup.com](https://atlastechgroup.com/atlas-advises-altium-acquisition-upverter/), 2017-09-05: "The acquisition of Upverter represents a significant step in the evolution of Altium's cloud strategy to serve the needs of future electronic designers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.