3 Firms Drive $365M Deal For Israeli Data Analytics Co

Law360 (June 2, 2020, 4:09 PM EDT) -- Texas-based National Instruments Corp. has agreed to buy Israel-headquartered data analytics software provider OptimalPlus Ltd. for $365 million, the companies said Tuesday, in a deal put together with help from Wilson Sonsini, Yigal Arnon and Meitar.

The all-cash deal sees National Instruments picking up a business in OptimalPlus that supplies data analytics software for the semiconductor, automotive and electronics industries, according to a statement. The acquisition of OptimalPlus bolsters National Instruments' enterprise software offerings, which the company says in turn will provide greater value to clients. 

"The addition of OptimalPlus' data analytics capabilities will enable us to accelerate our growth strategy...

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