Andover, MA, September 06, 2013 --(PR.com
)-- Aras®, the leading enterprise open source Product Lifecycle Management (PLM) software solution provider, today announced a partnership with IHS, the world’s leading source of business-critical information, insight and analytics, to connect the IHS cloud-based CAPS Universe Electronic Component Data into the Aras PLM platform for component engineering of new products and systems. The new component engineering capabilities will enable global companies to quickly find the right parts, compare electronic component details, part availability, environmental compliance, end-of-life obsolescence and more from within the PLM environment.
IHS CAPS Universe is the leading electronic component database containing part attribute data and documentation on hundreds of millions of parts from more than 2000 manufacturers worldwide. Aras users will be able to seamlessly access the IHS CAPS Universe data of electronic and electro-mechanical with powerful analytics from within Aras Innovator.
“As new products and systems include more and more electronics, having the component information needed for new designs integrated directly into the PLM workflow in Aras speeds innovation, improves productivity and assures compliance,” said Bob Braasch, Sr. Director Parts Management at IHS.
“Partnering with IHS enables us to embed interactive component data and analytics inside PLM for better design decisions,” said Peter Schroer, President of Aras. “Automatic product change notices, counterfeit alerts, end-of-life forecasts and other proactive notifications will help our enterprise customers reduce risk and improve component lifecycle planning as well.”
IHS is the leading source of information, insight and analytics in critical areas that shape today's business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs 6,700 people in 31 countries around the world. For more information please visit www.ihs.com
Aras is the leading provider of enterprise open source Product Lifecycle Management (PLM) software solutions. Freedom from licensing eliminates up-front expenses and per user costs while superior technology makes Aras the most advanced enterprise PLM solution suite available. Customers include Motorola, Freudenberg, GE, Hitachi, Lockheed Martin, Textron and TEVA Pharmaceuticals. Aras is privately held with global headquarters in Andover, Mass. For additional information visit www.aras.com or follow us on Twitter @aras_plm
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