Acquisition Ushers in New Era for Arduino
- Hrishikesh
- August 4, 2017
- Business, News
- Acqisition, Arduino
- 0 Comments
Massimo Banzi, David Cuartielles, David Mellis and Tom Igoe, co-founders of Arduino, announced today that their company BCMI has acquired Arduino AG.
Massimo Banzi steps into a role as the company’s chairman and CTO, with Fabio Violante as the new CEO. Federico Musto, the former CEO of Arduino AG, will be pursuing other opportunities.
From the release:
“This is the beginning of a new era for Arduino in which we will strengthen and renew our commitment to open source hardware and software, while in parallel setting the company on a sound financial course of sustainable growth. Our vision remains to continue to enable anybody to innovate with electronics for a long time to come,” said Mr Banzi.
“I’m really excited and honoured to join Massimo, the co-founders and the amazing Arduino team as CEO. In the past two years we have worked very hard to get to this point. We envision a future in which Arduino will apply its winning recipe to democratize the Internet of Things for individuals, educators, professionals and businesses,” said Dr. Violante.
The announcement comes almost a year after Massimo Banzi and Federico Musto announced that they would merge and become one company at World Maker Faire New York last fall.
