"As a result of this acquisition PartsBase and PMA Parts Finder, two best of breed services, can now provide even more real-time market intelligence to our customers. "-Brian Tolley, President of Partsbase
Boca Raton, FL (PRWEB) July 19, 2010
Partsbase, Inc. announced today announced today that it has completed the successful acquisition of “PMA Parts Finder”.
For the past 10 years the PMA Parts Finder (PPF) has been the industry standard for providing current and accurate information on PMA parts and holders. The engine behind the PPF has been Jack Buster, founder and Alaska Bush Pilot turned computer programmer. The value and success of the PPF is largely the result of countless hours spent by the company locating and collating information in this industry niche assembling the most comprehensive collection of PMA parts information on the planet. Starting with the FAA database, which requires extensive cleaning to be usable and is typically incomplete due to approval process delays, the company has augmented and supplemented those offerings by collecting information directly from PMA parts producers and from a myriad of Internet sources. The product offers its clients, which include airlines, MRO’s, manufacturers and more an innovative suite of extensive invaluable research tools. It gives detailed information that is searchable by part number, descriptions, aircraft, engine, PMA holder and more complete data compared to the current offerings from the FAA.
“Compiling the information is only the first step as the source data is often heavily flawed which, if not corrected, results in inconsistent and/or misleading conclusions. Tens of thousands of corrections have been applied to the data correcting errors and inconsistencies before releasing the data to subscribers creating a product that has been of considerable value to the industry,” said Jack Buster, President of PMA Parts Finder.
This acquisition will improve Partsbase’s current system to its 38,000 end users giving instant access to enhanced FAA PMA cross reference data. The PMA Parts Finder data will greatly improve Partsbase’s market intelligence services. Partsbase will now be able to deliver to the world the most comprehensive and integrated PMA data for its clients
“The next step in advancing this powerful tool is migration to being an online operation. Such a step increases the speed of data distribution to our combined customers and provides greater real-time consistency since all the data is now housed in a single database capable of expanding almost without limit. As a result of this acquisition PartsBase and PMA Parts Finder, two best of breed services, can now provide even more real-time market intelligence to our customers. The possibilities this has created for growth in the market intelligence on PMA parts is endless and interlaced with PartsBase’s other information sources will prove a market mover in the near future,” said Brian Tolley, President of PartsBase.
PMA Parts Finder software customers will soon have a seamless transition. Now they will have the ability to access PMA database information anywhere, anytime via the Partsbase web portal. The product will be renamed the Partsbase PMA Market Research Tool. Complimentary acquisitions such as this support Partsbase’s core business and are an important part of Partsbase’s strategy to expand market share and leverage its exclusive technology. Complimentary acquisitions such as this support Partsbase’s core business and are an important part of Partsbase’s strategy to expand market share and leverage its exclusive technology.
With over 95 million unique line items of inventory, PartsBase offers the largest neutral marketplace for buying and selling aircraft parts and overhaul/repair capabilities. The parts locators system currently processes and average of 300,000 electronic requests for quotes per month. PartsBase operates as a parts locator service, technology provider, marketing outlet, and research tool for clients in over 138 countries.
PartsBase, Inc. Contact:
Rebecca C. Flick, Vice President of Strategic Development
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