BCMI, the company founded by Massimo Banzi, David Cuartielles, David Mellis and Tom Igoe, co-founders of Arduino, announces on 28th July, it has acquired 100%ownership of Arduino AG, the corporation which owns all of the Arduino trademarks.
Following the acquisition, Mr. Massimo Banzi becomes the new Chairman and CTO of Arduino. Dr. Fabio Violante will be appointed as the new CEO, replacing Mr. Federico Musto who will pursue other opportunities outside Arduino AG.
“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 MrBanzi.
“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.