National Instruments has announced its acquisition of Phase Matrix, Inc. (PMI). Phase Matrix will continue to operate under the name ?Phase Matrix, Inc.? as a wholly owned NI subsidiary and will continue to design and manufacture RF and microwave test and measurement instruments, subsystems and components.
Phase Matrix founders, Pete Pragastis and Charanbir Mahal, will remain with the company as the general manager and chief technology officer, respectively.
Phase Matrix will also continue to sell directly to customers and OEMs, who should continue to contact Phase Matrix, or its distributors, for sales, support and service needs for all current product offerings.
The purchase price was approximately $38 million, and the other transaction terms are not being disclosed.
