US automated tests and measurement company National Instruments confirmed Tuesday that it has acquired Israeli big data analytics company OptimalPlus, for 1.2 billion shekels ($365 million.)
OptimalPlus develops AI-based big data analytics systems for the semiconductor and automotive industries. It employes 240 workers nad reported $51 million in revenue in 2019.
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The Holon-based company was founded by CEO Dan Glotter and Nir Erez. The latter, who co-founded Moovit, which was recently sold to tech giant Intel for $1 billion, left the company in 2009 but still retains a stake in OptimalPlus.
"We are confident NI is the ideal partner to accelerate our innovation and increase sales opportunities through advanced product analytics," Glotter said in a statement.
"Together with NI, we will provide enterprise-level analytics to enable customers to achieve their digital transformation objectives while expanding our customer reach."
National Instruments CEO Eric Starkloff said, "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. 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. I welcome the employees of OptimalPlus and look forward to collectively accelerating our long-term growth ambitions."
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