Altium Acquires Part Analytics to Revolutionize Electronics Supply Chain Management

January 22, 2025 11:40 AM AEDT | By Team Kalkine Media

Altium Acquires Part Analytics to Revolutionize Electronics Supply Chain Management — Image source: shutterstock

What the Acquisition Brings

Part Analytics, known for its robust supply chain management solutions, focuses on helping manufacturers make data-driven decisions for large-scale component planning and procurement. By integrating Part Analytics into Altium 365, the acquisition introduces a component and parts management application tailored to serve Electronics Supply Chain and Category Managers.

This move significantly broadens Altium’s customer base, uniting designers, manufacturers, and procurement teams in a seamless ecosystem. The advanced capabilities brought by Part Analytics also complement Altium’s enterprise solutions by providing a comprehensive parts catalog and enhancing the sourcing and lifecycle management processes.

Altium President Aram Mirkazemi highlighted the strategic importance of the acquisition:

“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. Part Analytics will play an important role in our transformative pursuit of the electronics industry.”

The Role of Part Analytics

Founded by former GE HealthCare supply-chain experts, Part Analytics specializes in building cost-efficient, resilient, and agile supply chains specifically for the electronics industry. Its procurement application has earned a strong reputation for enhancing enterprise-level supply chain management.

Jithendra Palasagaram, CEO of Part Analytics, expressed enthusiasm for the acquisition:

“By joining Altium, Part Analytics’ electronics supply management platform will become part of a vast, connected electronics creation ecosystem. Customers can now more efficiently execute design, sourcing, component acquisition, and lifecycle management through a single platform.”

Strategic Vision

The integration of Part Analytics aligns with Altium’s broader vision of creating an open electronics design and lifecycle management platform. By expanding its capabilities, Altium is positioning itself to address the increasing complexities of supply chain and procurement management in the electronics sector.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.