Supply Chain SaaS Provider Lytica Raises $3 Million

 Lytica, the world’s only provider of electronic component spend analytics and risk intelligence using real customer data, today announced it has raised over $3 million USD in equity investment, grants and other funding. York IE, a vertically integrated strategic growth and investment firm, led a $1.5 million equity investment round. This follows recent funding obtained from…

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TTI Expands With TE Connectivity in Brazil

TTI, Inc., a leading specialty distributor of electronic components, continues expanding its product offering in Brazil and South America by adding TE Connectivity products in its proximity warehouse in São Paulo, beginning August 2021. “We want to offer our in-country customers, the convenience of buying locally the same products they can select in our line…

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ECIA Welcomes New Director

ECIA is pleased to announce that Stephanie Tierney will join the staff as Director of Marketing Communications and Member Engagement. Stephanie Tierney has been in the tech industry for over 15 years with seven years of association and membership engagement experience specifically in the electronic components industry. Ms. Tierney will work alongside Debbie Conyers, currently…

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Allied Partners With Omron on Predictive Maintenance

Allied Electronics & Automation is partnering with Omron Industrial Automation to promote its latest line of predictive maintenance solutions. Designed for industrial businesses facing unplanned downtime, maintenance for aging equipment, and ongoing worker shortages, Omron’s products offer customers the ability to implement simple, elegant, and cost-effective predictive maintenance solutions that not only monitor equipment status in…

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Avnet FY Q4 Sales Grow 25.7%

Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year ended July 3, 2021. Commenting on the Company’s financial results, Avnet Chief Executive Officer Phil Gallagher stated, “In the fourth quarter, we delivered strong sales growth with record sales in our Electronic Components business and at Farnell, driving operating margin improvement approaching our 3%…

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