SAN DIEGO – Altium has acquired Valispace, a systems and requirements engineering software platform, for $15.6 million.

Valispace’s capabilities in Systems and Requirements Engineering will complement the Altium 365 cloud platform for product and electronics design, the company said in a release announcing the acquisition, and together the solutions connect electronics hardware design and development with systems engineering, encompassing everything from initial requirements definition to PCB design and verification.

Altium’s extensive experience in developing tools for thousands of engineers with essential electronics design software will ensure that the Valispace team can continue to bring the best collaborative and AI assisted systems- and requirements experience to engineers, the company said.

"We’re grateful for everyone who has supported and encouraged us on this journey, amongst others our family, friends, and investors," Valispace said. "And we’re now excited to, together with Altium, continue our mission of empowering engineers to build great products, accelerating the path to the future in which new technologies and products improve people’s lives."