Altium buys Part Analytics for AI supply chain capabilities
Altium has completed the acquisition of Milwaukee-based Part Analytics for its leading AI-powered supply chain management platform, which enables manufacturers to quickly make fully informed decisions for large-scale component planning and procurement, particularly at the enterprise level.
The acquisition will enable the introduction of a component and parts management application into Altium’s efficient cloud-based collaboration platform, Altium 365 — enabling support for new groups of customers in supply chain and procurement, including Electronics Supply Chain and Category Managers. The acquisition also achieves strategic synergy with Altium enterprise products, offering large-scale supply chain and procurement capabilities for enterprise companies, with a comprehensive parts catalog across entire programs, a critical element in achieving full Electronics Lifecycle Management.
“Altium’s acquisition of Part Analytics represents a further step forward toward our vision of a fully connected electronics value chain and Electronics Lifecycle Management system for enterprise organizations,” said Aram Mirkazemi, President of Altium. “Part Analytics will play an important role in our transformative pursuit of the electronics industry,” he added.
Part Analytics was founded by former GE HealthCare supply-chain leaders, who bring with them deep domain expertise in enterprise-level customers and their procurement requirements. Their robust procurement application was built specifically for electronics to make supply chains more cost efficient, resilient, and agile, enabling more effective supply chain management. Incorporating Part Analytics’ capabilities into Altium’s electronics creation ecosystem will strongly support Altium’s Enterprise-level solution by adding an advanced fulfillment function to our current sourcing capabilities.
Jithendra Palasagaram, Founder and Chief Executive Officer at Part Analytics, said, “By joining Altium, Part Analytics’ electronics supply management platform will become part of a vast, connected electronics creation ecosystem in which customers can more efficiently execute design, sourcing, component acquisition, and lifecycle management through a single platform. Customers can continue to expect the same great product experience and customer support from Part Analytics going forward as part of Altium.”
The acquisition of Part Analytics brings Altium another step forward towards its open electronics system design and lifecycle management platform.
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