SAN DIEGO, CA – Altium has announced the acquisition of Milwaukee, WI-based Part Analytics, an AI-powered supply chain management platform.

The acquisition will introduce a component and parts management application into Altium’s cloud-based collaboration platform, Altium 365, allowing the company to support new groups of customers in supply chain and procurement, including Electronics Supply Chain and Category Managers, the company said in a release.

"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."

Part Analytics' platform allows manufacturers quickly make fully informed decisions for large-scale component planning and procurement, particularly at the enterprise level. Incorporating its capabilities into Altium’s electronics creation ecosystem will support Altium’s Enterprise-level solution by adding an advanced fulfillment function to its current sourcing capabilities, the company 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," said Jithendra Palasagaram, founder and CEO, Part Analytics. "Customers can continue to expect the same great product experience and customer support from Part Analytics going forward as part of Altium."

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