NI Completes Acquisition of OptimalPlus
July 06 2020 - 7:22PM
Business Wire
NI (Nasdaq: NATI) today 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.
A call with the investment community is not planned in
conjunction with this press release.
About NI
At NI, we bring together the people, ideas and technology so
forward thinkers and creative problem solvers can take on
humanity’s biggest challenges. From data and automation to research
and validation, we provide the tailored, software-connected systems
engineers and enterprises need to Engineer Ambitiously™ every
day.
Forward-Looking Statements
This press release contains forward-looking statements,
including statements regarding expected effects of the OptimalPlus
acquisition regarding: 1) our position to help customers accelerate
their digital transformation initiatives by coupling our leadership
in test operations with new advanced product analytics for
enterprises; 2) our enabling organizations to connect test and
measurement data from real-world devices seamlessly throughout the
product lifecycle, 3) OptimalPlus’ data analytics capabilities,
allowing us to build advanced software and enabling the connection
of multiple data sources across the digital thread of a product’s
lifecycle; 4) our confidence in NI’s enterprise software strategy
to unlock the value of test data by embracing digital
transformation and bringing it to the analog world, and; 5) and the
acceleration of our long-term growth ambitions. These statements
are subject to a number of risks and uncertainties, including: the
risk of uncertainties related to the ability to successfully
operate or integrate the OptimalPlus business into NI; the ability
to retain and integrate OptimalPlus employees into NI; the ability
to realize the expected benefits of the acquisition; COVID-19 and
further economic and market disruptions resulting from COVID-19;
further adverse changes or fluctuations in the global economy;
further adverse fluctuations in our industry; foreign exchange
fluctuations; changes in the current global trade regulatory
environment; fluctuations in customer demands and markets;
fluctuations in demand for NI products including orders from NI’s
large customers; component shortages; delays in the release of new
products; NI’s ability to effectively manage its operating
expenses; manufacturing inefficiencies and the level of capacity
utilization; the impact of any recent or future acquisitions or
divestitures by NI; expense overruns; and adverse effects of price
changes or effective tax rates. Actual results may differ
materially from the expected results. NI directs readers to its
Form 10-K for the year ended Dec. 31, 2019, its Form 10-Q for the
quarter ended March 31, 2020 and the other documents it files with
the SEC for other risks associated with the company’s future
performance.
All information in this release is as of the date above. NI
undertakes no duty to update any forward-looking statement to
conform the statement to actual results or changes in NI’s
expectations.
National Instruments, NI, ni.com
and Engineer Ambitiously are trademarks of National Instruments
Corporation. Other product and company names listed are trademarks
or trade names of their respective companies. (NATI-F)
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version on businesswire.com: https://www.businesswire.com/news/home/20200706005004/en/
Marissa Vidaurri Head of Investor Relations, NI 512-683-5215
marissa.vidaurri@ni.com
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