Altium acquires Part Analytics to strengthen electronics lifecycle management capabilities
Altium, a global leader in electronics design systems, has announced its acquisition of Milwaukee-based Part Analytics, a cutting-edge AI-driven supply chain management platform designed specifically for the electronics industry. This strategic move bolsters Altium’s capabilities in electronics lifecycle management by integrating advanced procurement and supply chain tools into its existing cloud-based ecosystem, Altium 365.
How Does This Acquisition Enhance Altium’s Platform?
The acquisition marks a significant milestone for Altium in its mission to create a unified electronics lifecycle management (ELM) system. By integrating Part Analytics, Altium 365 will now support advanced AI-powered supply chain solutions, enabling manufacturers, supply chain managers, and procurement professionals to optimize decision-making processes.
The inclusion of Part Analytics’ robust component management tools complements Altium’s existing offerings by adding a comprehensive parts catalog and large-scale procurement functionality. These features are pivotal for enterprise organizations seeking to enhance efficiency across product development, sourcing, and production stages.
According to Aram Mirkazemi, President of Altium, “This acquisition represents a major step forward in our vision to connect all stakeholders across the electronics value chain. By incorporating Part Analytics, we’re delivering a platform that supports seamless collaboration and more informed decision-making throughout the product lifecycle.”
What Does Part Analytics Bring to Altium?
Founded by former GE HealthCare supply chain leaders, Part Analytics specializes in making supply chains cost-efficient, resilient, and agile for electronics manufacturers. Its advanced procurement tools are tailored to meet the specific needs of enterprise-level customers, offering features that streamline component sourcing and mitigate risks related to global supply chain disruptions.
Part Analytics’ domain expertise and innovative platform align seamlessly with Altium’s broader goals. Their inclusion will introduce a much-needed fulfillment function to Altium’s sourcing capabilities, enabling customers to navigate complex procurement landscapes with greater ease.
Jithendra Palasagaram, Founder and CEO of Part Analytics, expressed his enthusiasm for the merger, stating, “By joining Altium, our platform becomes part of a vast ecosystem that empowers customers to manage design, sourcing, and lifecycle processes from a single, connected platform.”
How Will Customers Benefit From This Integration?
The integration of Part Analytics into Altium 365 is expected to deliver several tangible benefits to customers, including:
- End-to-end lifecycle management: A unified platform for managing design, sourcing, component acquisition, and product lifecycle.
- Enhanced collaboration: Cloud-based tools that connect design teams, procurement professionals, and supply chain managers.
- Increased resilience: AI-powered insights to identify risks and optimize supply chain strategies.
- Greater efficiency: Streamlined workflows that reduce costs and accelerate time-to-market.
This expanded functionality ensures that Altium can cater to a wider range of professionals within the electronics ecosystem, including electronics supply chain managers, category managers, and enterprise-level procurement teams.
What’s Next for Altium and Its Vision?
Headquartered in San Diego, California, and operating as part of the Renesas Group, Altium has established itself as a leader in digital solutions for electronics design. The company’s ecosystem supports innovation by connecting stakeholders, maximizing productivity, and providing seamless access to component intelligence and sourcing tools.
This latest acquisition underscores Altium’s commitment to transforming the electronics industry through technology. By creating a fully connected value chain, Altium is empowering enterprises to innovate faster and more efficiently across diverse industries.
“Our vision is to revolutionize how the electronics industry operates,” Mirkazemi added. “This acquisition positions us closer to achieving a fully integrated ELM system that serves the evolving needs of our customers.”
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