Altium Acquires Part Analytics

Altium, a San Diego, CA-based electronics design systems company, acquired Part Analytics, a Milwaukee, WI-based provider of an AI-powered supply chain management platform.

The amount of the deal was not disclosed.

This acquisition will enable the introduction of a component and parts management application into Altium’s cloud-based collaboration platform, Altium 365, allowing to support new groups of customers in supply chain and procurement, including electronics supply chain and category managers, further uniting industry stakeholders.

Led by CEO and Founder Jithendra Palasagaram, Part Analytics provides an AI-powered supply chain management platform for the electronics industry, which enables manufacturers to quickly make fully informed decisions for large-scale component planning and procurement, particularly at the enterprise level.

Led by President Aram Mirkazemi, Altium delivers digital solutions that optimize productivity in electronics design, connect all stakeholders throughout the creation process, provide access to component sources and intelligence, and manage the entire electronics lifecycle.