The acquired company is considered a global leader in software solutions in the chip, automotive and electronics industry • Founder: "What guided us is that it will be a warm house for employees

• Dan Glotter, CEO and founder of "Optimal Plus." "We have a good cash register."

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  Optimal Plus

National Instruments (NI) today announced the signing of an agreement to acquire the Israeli software company "Optimal Plus".

NI is a software-based platform provider that accelerates the development and performance of automated test and measurement systems.

The Israeli company it buys is considered a world leader in Big Data analytics software solutions for the chip, automotive and electronics industries. The acquisition of "Optimal Plus" will expand NI's enterprise software product portfolio and enable its major customers to generate critical business insights on their products, through data analytics, throughout the supply chain and at every stage of product life.

NI testing systems are used for semiconductor manufacturing processes, while "Optimum Plus" is a leading manufacturer of big data analytics solutions for this industry.

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The acquisition is subject to regulatory approvals and is scheduled to close by September. NI will buy "Optimal Plus" for about $ 365 million - about NIS 1.2 billion. Optimal Plus has about 240 employees and revenues of $ 51 million in 2019. Due to the complementary nature of the two companies, the company expects relatively limited operating savings due to deductions. NI plans to fund the purchase through cash balance and debt.

Dan Glotter, CEO and founder of Optimal Plus, told Israel Today that "every exit is exciting, but it is exciting for the Corona period. Just a few weeks ago I was told that only one percent of mergers and acquisitions in the world is happening during the Corona virus crisis. We have a good cash register. It happens out of mutual desire and not out of distress, so it's really nice.

"What guided the staff is that it will be a warm home for the workers and that the values ​​and culture match, so that the workers will be good. There are not many organizations in Israel that have not fired even one employee in Corona. We have not fired even one employee - not even the cleaner. The respect for the employees is what guided us."

Eric Starkloff, president and CEO of NI, said: "In this age, when many customers are in the midst of digital transformation, we remain committed to bringing innovative solutions and systems to the market that can leverage a robust data analytics platform to meet our customer challenges."