Altium acquires Part Analytics
Altium has announced that it has completed the acquisition of Milwaukee-based Part Analytics. Part Analytics provides an AI-powered supply chain management platform, which enables manufacturers to quickly make fully informed decisions for large-scale component planning and procurement, particularly at the enterprise level.
This acquisition will enable the introduction of a component and parts management application into Altium’s cloud-based collaboration platform, Altium 365, allowing support to new groups of customers in supply chain and procurement, including Electronics Supply Chain and Category Managers. The acquisition also achieves strategic synergy with Altium enterprise solutions, offering large-scale supply chain and procurement capabilities for enterprise companies.
Part Analytics was founded by former GE HealthCare supply-chain leaders, who bring with them deep domain expertise in enterprise-level customers and their procurement requirements. Their procurement application was built specifically for electronics to make supply chains more cost efficient, resilient, and agile, enabling more effective supply chain management. Incorporating Part Analytics’ capabilities into Altium’s electronics creation ecosystem will strongly support Altium’s Enterprise-level solution by adding an advanced fulfilment function to their current sourcing capabilities.
