IHS Inc. (NYSE: IHS) and Aras today announced that they have entered into an agreement to integrate the IHS CAPS Universe electronic and electromechanical and fastener data into the Aras Innovator Product Lifecycle Management (PLM) platform for component engineering of new products and systems.
The agreement brings together the solutions of IHS, the leading global source of critical information and insight, and Aras, the top enterprise open-source PLM software solution provider.
“The new component engineering capabilities of the joint solution will enable global companies to quickly find the right parts, compare electronic component details and determine part availability, environmental compliance, end-of-life obsolescence and more from within the PLM environment,” said Bob Braasch, senior director, Electronics & Media Parts Solutions.
Aras Innovator is an advanced PLM solution that can manage the entire life cycle of a product, from concept creation through design and manufacture, to service and the product end-of-life. IHS CAPS Universe is the leading electronic component database containing part-attribute data and documentation on hundreds of millions of parts from more than 2,000 manufacturers worldwide.
Aras users will be able to seamlessly and securely access the IHS CAPS Universe data with powerful analytics from within Aras Innovator. Because IHS CAPS Universe will be accessible enterprise-wide from directly in the PLM solution from Aras, all users will have access to up-to-date information to make better decisions—from the initial design through production up to the service life of products and systems.