NI Completes Acquisition of OptimalPlus


Reading time ( words)

NI has announced it has officially closed the acquisition of OptimalPlus, a global leader in data analytics software for the semiconductor, automotive and electronics industries.

Companies are looking for new and innovative ways to apply digital transformation initiatives to their businesses to combat increasing complexity and get new innovations to market faster. While new technologies including ubiquitous sensing capabilities, artificial intelligence and machine learning are being used to enable digital transformation initiatives, customers need integrated systems and software platforms to connect and harness the value of the overwhelming amount of data these technologies produce.

Through the acquisition of OptimalPlus, NI is positioned to help customers accelerate their digital transformation initiatives by coupling our leadership in test operations with new advanced product analytics for enterprises. This in turn will enable organizations to connect test and measurement data from real world devices seamlessly throughout the product lifecycle – from product design to characterization and all the way to manufacturing – to help get technologies to market faster and lower the cost of test investments.

“We’re confident NI’s enterprise software strategy unlocks the value of test data by embracing digital transformation and bringing it to the analog world,” said Eric Starkloff, NI President and CEO. “OptimalPlus’ data analytics capabilities allow us to build the advanced software required by today’s modern enterprise and engineer, enabling the connection of multiple data sources across the digital thread of a product’s lifecycle to help dramatically improve quality, yield and avoid failure. We welcome the employees of OptimalPlus and look forward to collectively accelerating our long-term growth ambitions.”

The transaction is valued at $365 million and was funded through a combination of cash on hand and debt. OptimalPlus had $51 million in revenue for 2019.

Share

Print


Suggested Items

Lab Tests Armored Vehicles with Auto Industry 'Dummies'

07/25/2016 | U.S. Army
In an unassuming warehouse on Aberdeen Proving Ground, Maryland sit nearly 50 men in uniform, waiting for their mission during an upcoming test event. They're sporting Army Combat Uniforms, standard-issue boots, a crane hook protruding from their heads, and a plethora of color-coded wires spilling out the back of their necks.

FLA Program Takes Flight

02/15/2016 | DARPA
They may not have zoomed flawlessly around obstacles like the Millennium Falcon did as it careened through the hull of a crashed Star Destroyer in Star Wars VII. But the sensor-loaded quadcopters that recently got tested in a cluttered hangar in Massachusetts did manage to edge their way around obstacles and achieve their target speeds of 20 meters per second.

Mr. Laminate Tells All: Who Would Like a Mil-Spec Audit?

01/05/2016 | Doug Sober, Essex Technologies Group
I remember when IPC-4101 was completed and released in December 1997 and the question came up “should IPC create a policeman program to enforce it?” To a person that helped create IPC-4101, absolutely no one wanted such an audit program ever again. Including me and the IPC staff liaisons. Maybe we should have rethought that position.



Copyright © 2020 I-Connect007. All rights reserved.