# Part Analytics

> Part Analytics is a Milwaukee enterprise software company, acquired by Altium in January 2025, that connects electronics design, sourcing, and supply-chain data. Its modular platform analyzes bills of materials, part availability, lifecycle and compliance risk, supplier pricing, RFQs, and letters of authorization so manufacturers can replace manual spreadsheet work with shared, actionable component intelligence.

- **Founded:** 2019
- **Headquarters:** Milwaukee, United States
- **Founders:** Jithendra Palasagaram (Founder and CEO), Jesil Pujara (Co-founder and Head of Product)
- **Team size:** LinkedIn shows 6 visible employees and a company-size band of 11-50 as of 2026.
- **Products:** Part IQ, BOM IQ, RFQ IQ, Category IQ, Executive IQ
- **Notable:** Reached the finals of the University of Chicago Booth Global New Venture Challenge in 2017., Raised a $3 million venture round led by MK Capital in August 2021., Won a 2022 Supply & Demand Chain Executive Top Supply Chain Projects award for work with Emerson that reported a 90% reduction in pricing-analysis time and 27% more savings opportunities.

## Products & services

- **Part IQ** — Enterprise component catalog and search with pricing, availability, lifecycle, compliance, risk, usage, and alternate-part intelligence.
- **BOM IQ** — Bill-of-materials analysis that rolls up costs, identifies savings opportunities, and scores lifecycle, lead-time, compliance, and single-source risk.
- **RFQ IQ** — Configurable sourcing-event workflow for assembly and component RFQs, supplier messaging, bid comparison, analysis, and awards.
- **Category IQ** — Spend, demand, savings, supplier, geography, and risk analysis by commodity, manufacturer, business unit, and region.
- **Executive IQ** — Enterprise-level dashboards that prioritize BOMs, spend, savings, and supply risks across products, suppliers, sites, and business units.
- **LOA IQ** — Automation for generating, tracking, and verifying electronics letters of authorization and negotiated-price compliance.

## Achievements

- Reached the finals of the University of Chicago Booth Global New Venture Challenge in 2017.
- Raised a $3 million venture round led by MK Capital in August 2021.
- Won a 2022 Supply & Demand Chain Executive Top Supply Chain Projects award for work with Emerson that reported a 90% reduction in pricing-analysis time and 27% more savings opportunities.
- Named to the Spend Matters 50 to Watch list for three consecutive years through 2024.
- Reported more than 50% annual growth after MK Capital's investment, with expansion across electronics, automotive, and medical-device customers.
- Acquired by Altium on January 21, 2025.

## Latest updates

- **2026-06** — Part Analytics presented with Illinois Tool Works at DPW New York on moving from manual sourcing to AI-assisted workflows and promoted an upcoming release linking design intelligence with sourcing execution.
- **2026-05** — The company exhibited at Gartner Supply Chain Symposium/XPO and previewed a major release focused on connecting electronics design and sourcing.
- **2025-01** — Altium completed its acquisition of Part Analytics to extend Altium 365 toward enterprise component planning and procurement.
- **2024-10** — Part Analytics was named to Spend Matters' 50 to Watch list for the third consecutive year.
- **2024-06** — The company launched LOA IQ for automating letters of authorization and negotiated-price compliance workflows.

## Links

- Website: https://partanalytics.com
- LinkedIn: https://www.linkedin.com/company/part-analytics
- Twitter/X: https://x.com/partanalytics
- YouTube: https://www.youtube.com/channel/UCQ_Us8HBcZQZ5eeq9ZRIPbA/featured
- Facebook: https://www.facebook.com/PartAnalytics/

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Profile page: https://yespress.io/part-analytics
Published by YesPress — https://yespress.io
Last updated: 2026-08-22