On June 2, 2020, National Instruments Corporation, a provider of automated test equipment and virtual instrumentation software, announced it had entered into a definitive agreement to acquire Israeli data analytics company OptimalPlus Ltd. Wilson Sonsini Goodrich & Rosati is advising National Instruments in the transaction.

National Instruments and OptimalPlus serve complementary positions in the semiconductor, automotive, and electronics industries. The combination of National Instruments’ software-centric approach with OptimalPlus’ enterprise-level analytics software is expected to increase the value of test and manufacturing data with improved quality, efficiency, and time to market.

The acquisition, valued at $365 million, is subject to customary closing conditions and regulatory approval. The deal is expected to close in early Q3 2020.

The Wilson Sonsini team advising National Instruments includes the following attorneys:

Corporate/M&A
Robert Suffoletta, Partner
Amy Ilowite, Associate

Technology Transactions
Jennifer McGrew, Of Counsel
Sarah delos Santos, Associate
Rosalind Schonwald, Associate

Tax
Myra Sutanto Shen, Partner

Employee Benefits & Compensation
Michael Montfort, Counsel

Please see National Instruments’ press release for more information.