SAN DIEGO, CA, Jan 27, 2025 – Altium announced that it has completed the acquisition of Milwaukee-based Part Analytics. Part Analytics provides the electronics industry’s leading AI-powered supply chain management platform, that enables manufacturers to make informed decisions for large-scale component planning and procurement, particularly at the enterprise level.
The acquisition will bring parts and component management application to Altium’s cloud-based platform, Altium 365. This addition will serve new customer groups in the supply chain and procurement, including electronics supply chain and category managers, encouraging collaboration across industry domains. It also aligns with Altium’s enterprise solutions by providing supply chain features for enterprise businesses. The system includes parts catalog covering entire programs, an element in achieving full Electronics Lifecycle Management.
“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,” he added.
Jithendra Palasagaram, founder & chief executive officer at Part Analytics, 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. Customers can continue to expect the same great product experience and customer support from Part Analytics going forward as part of Altium.”
Part Analytics procurement application was built specifically for electronics to make supply chains more cost efficient, resilient, and agile, enabling more effective supply chain management. Integrating Part Analytics’ capabilities into Altium’s electronics creation ecosystem enhances the enterprise-level solution by adding advanced fulfillment functionality to existing sourcing capabilities.
About Altium
Altium Limited, founded in 1985, is a leading global provider of electronic design automation (EDA) software, specializing in printed circuit board (PCB) design and development solutions. Altium serves industries such as automotive, aerospace, consumer electronics, telecommunications, medical devices, and industrial automation. Headquartered in San Diego, California, the company has grown with a strong presence in key global markets. As of 2023, Altium reported an annual revenue of $263.3 million and employs approximately 790-1,200 people worldwide. In 2024, Altium was acquired by Renesas Electronics, further strengthening its market position. Altium brings decades of experience, consistently creating design tools that support teamwork and connectivity in electronics design.
Source: Altium
