AUSTIN, TX – National Instruments has entered into a definitive agreement to acquire OptimalPlus, a global data analytics software company, in a deal valued at $365 million.
With the acquisition, National Instruments seeks to expand its enterprise software offerings to provide customers with business-critical insights through advanced product analytics across their product development flow and supply chain.
The deal, expected to close in the third quarter, is subject to customary closing conditions, including regulatory approval. National Instruments plans to fund the transaction through a combination of cash on hand and debt.
“The addition of OptimalPlus’ data analytics capabilities will enable us to accelerate our growth strategy by increasing enterprise-level value for shared customers in the semiconductor and automotive industries,” said National Instruments president and CEO Eric Starkloff. “During this age of digital transformation, we remain committed to delivering innovative software and systems that leverage a robust data platform to address our customers’ business challenges.”
OptimalPlus generated $51 million in revenues in 2019 and employs about 240 employees.