Altium Expands Its Capabilities with the Acquisition of Part Analytics
Altium, a global leader in the field of electronics design systems, has announced the completion of its acquisition of Part Analytics, a company based in Milwaukee. Part Analytics is renowned for offering one of the electronics industry’s leading AI-powered supply chain management platforms. This platform empowers manufacturers with the ability to make swift, data-driven decisions related to large-scale component planning and procurement, particularly at the enterprise level. The integration of Part Analytics into Altium’s ecosystem will pave the way for new functionalities, reinforcing’s position as a provider of comprehensive solutions for the electronics industry.
This strategic acquisition is poised to introduce a new component and parts management application into Altium’s cutting-edge cloud-based collaboration platform, Altium 365. By doing so, Altium aims to support an entirely new category of customers, including Electronics Supply Chain Managers and Category Managers. This expansion allows to unify a broader range of industry stakeholders, further enhancing collaboration within the supply chain and procurement sectors.
The synergy between Altium’s existing enterprise solutions and Part Analytics’ expertise in supply chain management will provide organizations with robust, enterprise-level capabilities. These capabilities include access to a comprehensive parts catalog that spans entire programs, a vital element in achieving full Electronics Lifecycle Management (ELM).
Aram Mirkazemi, President, commented on the acquisition, stating’s acquisition of Part Analytics represents a major step forward in realizing our vision of a fully connected electronics value chain and a seamless Electronics Lifecycle Management system for enterprise organizations.” He further emphasized, “Part Analytics will play a critical role in our ongoing efforts to transform the electronics industry by helping organizations optimize their supply chain processes.”
Founded by former supply chain leaders from GE HealthCare, Part Analytics brings invaluable expertise to the table. The team’s experience with large-scale enterprise procurement needs has shaped their platform, which was specifically built to address the unique challenges of electronics supply chain management. Their robust procurement application enhances supply chain efficiency, resilience, and agility—key aspects that many organizations in the electronics sector require.
By adding Part Analytics’ capabilities to existing electronics creation ecosystem, Altium is enhancing its enterprise-level solution to offer an advanced fulfillment function. This addition complements Altium’s current sourcing capabilities, solidifying the company’s position as a leader in electronics lifecycle management.
Jithendra Palasagaram, Founder and CEO of Part Analytics, expressed his enthusiasm about the acquisition, saying, “Joining forces with will enable Part Analytics to integrate its electronics supply management platform into a vast, interconnected ecosystem of design, sourcing, component acquisition, and lifecycle management. Customers will benefit from an even more efficient platform where these processes can be executed seamlessly. While we integrate into’s ecosystem, customers can continue to expect the same excellent product experience and support that Part Analytics has always provided.”
The merger of Altium and Part Analytics is not just about technology; it represents a convergence of thought leadership, market experience, and strategic vision. With Part Analytics’ sophisticated supply chain platform, now offers enhanced tools to help companies manage the complex, ever-evolving landscape of electronics design and production. This expansion into supply chain management adds an entirely new dimension to’s capabilities, making it even more valuable for enterprise organizations seeking end-to-end solutions.
Incorporating Part Analytics’ AI-driven platform into design and manufacturing tools creates a fully integrated approach to electronics lifecycle management. This holistic solution enables manufacturers to optimize not just the design phase, but also the sourcing, procurement, and ongoing management of components throughout the entire product lifecycle. This integration marks a critical milestone in efforts to provide a comprehensive suite of solutions that address the needs of customers from initial design to post-production.
The acquisition also accelerates Altium’s journey toward realizing a more open and interconnected electronics system design and lifecycle management platform. By combining the strengths of both companies, Altium is enhancing its offering, ensuring that customers have access to the most advanced, efficient, and resilient tools available in the industry.
Altium’s platform, Altium 365, has already revolutionized collaboration in the electronics design process. The addition of Part Analytics’ supply chain capabilities takes this platform to the next level, providing manufacturers with the tools they need to navigate the complexities of today’s global supply chains. With the help of AI-driven insights and predictive analytics, businesses can make more informed decisions, reduce risk, and optimize their procurement processes.
Part Analytics’ advanced technology allows companies to better manage the procurement and sourcing of components, while offering a comprehensive view of available parts and their status across the entire supply chain. This increased transparency leads to greater efficiencies, cost reductions, and more streamlined operations. The integration of this technology into Altium’s platform will provide customers with an end-to-end solution that covers the entire electronics development lifecycle, from design through to sourcing, procurement, and lifecycle management.
With Part Analytics now part of the Altium family, customers will have access to an unparalleled set of tools that cater to the diverse needs of the electronics industry. These tools include capabilities for supply chain management, sourcing optimization, and a comprehensive parts catalog. Furthermore, as the industry continues to evolve, Altium’s platform will remain adaptable, with continuous enhancements and updates that meet the changing needs of its customer base.
Altium’s acquisition of Part Analytics also positions the company as a more formidable player in the competitive landscape of electronics design and manufacturing. As the industry becomes increasingly interconnected and digital, having a single, unified platform that handles design, procurement, sourcing, and lifecycle management offers a significant competitive advantage. Altium’s customers will benefit from streamlined workflows, greater efficiency, and a more cohesive experience as they work across different stages of product development.
The acquisition also underscores Altium’s commitment to innovation and growth in the electronics sector. By acquiring Part Analytics, Altium demonstrates its ongoing investment in providing customers with the most cutting-edge tools available. This move aligns with Altium’s broader vision of fostering collaboration, increasing efficiency, and reducing the complexity of electronics design and manufacturing processes.
As the global electronics market continues to grow and evolve, companies in the sector must adapt to new challenges and opportunities. The integration of Part Analytics into Altium’s ecosystem offers a significant advantage to companies seeking to stay ahead of the curve. By offering a comprehensive solution that spans the entire lifecycle of electronics creation, from initial design to procurement and lifecycle management, Altium is well-positioned to lead the way in the digital transformation of the electronics industry.
With this acquisition, Altium is reinforcing its position as the go-to platform for electronics design and manufacturing, offering unmatched capabilities to companies at every stage of the product lifecycle. As part of Altium, Part Analytics will continue to innovate and provide its customers with the best possible tools for managing their supply chains and procurement processes, ensuring that the integration of these capabilities enhances the overall customer experience.
In conclusion, Altium’s acquisition of Part Analytics is a strategic move that will significantly enhance its platform, making it even more valuable to enterprise customers. By integrating Part Analytics’ AI-powered supply chain management technology into Altium’s existing ecosystem, the company is creating a truly comprehensive solution for electronics design, procurement, and lifecycle management. This acquisition marks a new chapter for both Altium and Part Analytics, one that will drive the next wave of innovation and transformation in the electronics industry.
