Just last month, Altium announced the launch of Nexar, the cloud-based partner platform aiming to build a connected community of Altium 365 PCB design users with the right software, suppliers, and manufacturers.
As more consumers demand internet-connected devices, the electronics industry, along with its partner sectors, needs to reinvent the way it collaborates. Introducing integrated environments and collaborative workflows while leaving behind “tool chains” and isolated job functions has become even more apparent — and Altium is responding accordingly.
Headquartered in San Diego, Altium intends to create new value propositions for both existing and new customers by combining people and resources from previously isolated business units in both manufacturing and parts supply. Nexar adds to the already rich features exhibited by Altium 365, the company’s cloud-based platform. From electronics design to the manufacturing floor, the platform allows designers and manufacturers to streamline the creation of new tech and innovation, all in one central location.
Over 5,000 companies and 11,000 users have already adopted the Altium 365 cloud platform for electronics design. The new platform will enable partners to join this ecosystem of electronic innovators and provide valuable software and services to Altium 365 users. The Nexar ecosystem anticipates partners from software companies, board makers, and Electronic Manufacturing Service (EMS) companies as well as component distributors and manufacturers, and engineering service providers. However, there are no restrictions on who can become a Nexar partner, as the only goal is to build an ecosystem full of customers and partners benefiting from each other.
The addition of Nexar builds and expands the ecosystem beyond design to manufacturing, resulting in direct monetization of a new set of users. In addition to a strong business development and sales capability, Nexar will deliver a unified API (Application Programming Interface) that will allow partners to deliver their services in a more direct, cohesive way, creating business centricity around Altium 365. Being built on the same technologies that are used by large cloud native businesses, it will underpin the digitization of the electronics industry and replace the analogue, manual processes that continue to limit value creation today.
This improvement comes shortly after the announcement that Altium has selected Amazon Web Services (AWS) to host the Altium 365 cloud-based platform. With it, engineers and designers are able to create smart and connected electronic products faster than ever. Teams are able to organize designs, libraries, and participants in one place. Links to their designs are also shareable for easy collaboration and are accessible at any time, anywhere, providing a more secure place to do collaborative projects than traditional on-premises infrastructure.
With the successful launch of its highly anticipated Altium 365 product, the company was able to finish 2020 with over 50,000 subscribers, as revealed by Ben Clark of TMS Capital. That result came in spite of a decline in funding in the electronic design automation industry due to the pandemic. Nevertheless, government bodies across the globe are working on supporting market players like Altium. And with a bright outlook for tech industries for 2021 and beyond, the industry is anticipated to recover soon. In fact, the company is now aiming to cross the 100,000-subscriber mark by 2025.