NI News
3 articles
growth-positive
Yitzhak (Kiki) Ohayon appointed NI GM of Israel operations
National Instruments has appointed Yitzhak Ohayon as the new general manager for its Israel operations, replacing the founder and CEO of OptimalPlus, Dan Glotter. This comes two months after National Instruments acquired OptimalPlus for $365 million. Ohayon, who previously served as OptimalPluss VP of business development, brings rich experience in the private and public sector. OptimalPlus, founded in 2005, developed a system for analyzing the semiconductor manufacturing process to detect faulty chips. The company reported $51 million in revenues in 2019 and employs 240 people. Glotter will remain as a consultant after stepping down from his managerial role.
Management Changes
growth-positive
National Instruments Will Monetize Big Data With OptimalPlus Acquisition
National Instruments announced its intent to acquire OptimalPlus, an Israeli data analytics startup, for $365 million. The acquisition is seen as a strategic move to accelerate National Instruments growth and strengthen its data strategy. OptimalPlus, an AI-based big data analytics software company, serves the semiconductor, electronics, and automotive industries. The acquisition will allow National Instruments to combine OptimalPlus analytics software with its hardware, enhancing the value of data for testing and manufacturing. The deal is expected to be finalized in early Q3 2020. The acquisition is viewed as a positive step for National Instruments, offering synergy and expanding its customer reach.
Acquisition
growth-positive
National Instruments Acquires Israel-Based Data Analytics Startup OptimalPlus for $365 Million
Texas-headquartered National Instruments Corp. has entered a definitive agreement to acquire Israel-based OptimalPlus Ltd. in a $365 million all-cash deal. OptimalPlus develops AI tools for the automotive, semiconductor, and electronics industries. The acquisition is expected to be completed in the third quarter of 2020. OptimalPlus will become NIs development center in Israel, and no employees will be laid off. OptimalPlus co-founder and CEO, Danny Glotter, will step down after the deal is completed. The acquisition deal was signed during the Covid-19 crisis. OptimalPlus most recent valuation was $200 million post-money. NIs President and CEO, Eric Starkloff, stated that the addition of OptimalPlus data analytics capabilities will accelerate their growth strategy.
AcquisitionInvestmentManagement Changes
