Advancing Towards an Open Platform for Electronics System Design and Lifecycle Management.
Altium has acquired Milwaukee-based Part Analytics, a leader in AI-powered supply chain management for the electronics industry. Part Analytics’ platform enables manufacturers to make informed, large-scale decisions regarding component planning and procurement, with a focus on enterprise-level customers.
This acquisition will integrate Part Analytics’ component and parts management application into Altium’s cloud-based collaboration platform, Altium 365. The move is expected to expand Altium’s reach into supply chain and procurement sectors, supporting new customer groups such as Electronics Supply Chain and Category Managers. It also aligns with Altium’s strategy to enhance its enterprise solutions by offering robust supply chain and procurement capabilities, helping organizations manage comprehensive parts catalogs across entire programs—an essential component of full Electronics Lifecycle Management.
Aram Mirkazemi, President of Altium, emphasized that this acquisition brings the company closer to its goal of a fully connected electronics value chain and an integrated Electronics Lifecycle Management system for enterprise clients. “Part Analytics will play a pivotal role in transforming the electronics industry,” Mirkazemi said.
Founded by former GE HealthCare supply chain leaders, Part Analytics offers deep expertise in enterprise procurement. Its platform was specifically designed to make electronics supply chains more cost-effective, resilient, and agile. The integration of Part Analytics’ capabilities will bolster Altium’s enterprise-level solutions, enhancing its sourcing and fulfillment functions.
Jithendra Palasagaram, Founder and CEO of Part Analytics, expressed excitement about joining Altium’s expansive electronics creation ecosystem. He assured customers that they would continue to receive the same quality experience and support as they transition to Altium’s platform.
This acquisition positions Altium to further strengthen its open electronics system design and lifecycle management platform, marking a significant step in its mission to lead the electronics design and procurement industry.
