National Instruments Acquires Measurement Computing
AUSTIN, Texas -- April 27, 2005 -- The National Instruments (Nasdaq: NATI) announced today that the company has acquired the operating assets of Measurement Computing Corporation, a provider of low-cost data acquisition products. Terms of the acquisition were not disclosed. "The acquisition of Measurement Computing is another step in NI's long history of providing very high value-added alternatives to traditional instrumentation," said Dr. James Truchard, National Instruments CEO and cofounder. "For more than 20 years, National Instruments has leveraged commercial technologies to provide low-cost data acquisition solutions for our customers, as illustrated by our latest USB and M Series products. This acquisition will strengthen both our hardware and software positions and further our goal of bringing our virtual instrumentation vision to millions of engineering applications worldwide.""Measurement Computing has been a pioneer and leader in low-cost data acquisition, and our products are already supported by the industry-leading NI LabVIEW software," said Ben Bailey, Measurement Computing CEO and founder. "NI, like Measurement Computing, is committed to providing users with a low-cost alternative to traditional instrumentation -- and now our products will benefit from a leading, global organization."The Measurement Computing business, as a wholly owned NI subsidiary, will continue to run its operation as is out of Middleboro, Mass. Measurement Computing will sell and support its products through its existing channels. The companies will look to gain operational leverage in a variety of areas and greater access to global markets."The acquisition of Measurement Computing's complementary business is a strategic opportunity for NI to improve its leadership position in the test and measurement market and to gain operating leverage," said Alex Davern, NI CFO. "As the company is small relative to NI, we expect the acquisition to be earnings neutral in 2005 and to be modestly accretive to NI earnings in 2006."This release contains "forward-looking statements," including statements regarding future operating leverage and earnings. These statements are subject to a number of risks and uncertainties, including the risk of adverse changes in the global economy, delays in the release of new products, fluctuations in customer demand for NI and Measurement Computing products, risks related to the integration of the companies' operations, and manufacturing inefficiencies. Actual results may differ materially from the expected results. The company directs you to documents filed with the SEC for other risks associated with the company's future performance.About Measurement ComputingMeasurement Computing is a pioneer and leader in low-cost data acquisition boards for ISA, PCI and USB personal computer interfaces. The company, founded in 1989, has more than 70 employees and markets its products worldwide through direct sales, a distribution network and the Worldwide Web. Also known for innovative software, including SoftWIRE, the only graphical programming system for Visual Studio, MCC is committed to total customer satisfaction, fierce competitiveness, relentless cost control and aggressively low pricing. Readers can visit www.measurementcomputing.com for more information.About National InstrumentsNational Instruments is a technology pioneer and leader in virtual instrumentation - a revolutionary concept that has changed the way engineers and scientists in industry, government and academia approach measurement and automation. Leveraging PCs and commercial technologies, virtual instrumentation increases productivity and lowers costs for test, control and design applications through easy-to-integrate software, such as NI LabVIEW, and modular measurement and control hardware for PXI, PCI, USB and Ethernet. Headquartered in Austin, Texas, NI has more than 3,400 employees and direct operations in nearly 40 countries. In 2004, the company sold products to more than 25,000 companies in 90 countries. For the past six years, FORTUNE magazine has named NI one of the 100 best companies to work for in America. Readers can obtain investment information from the company's investor relations department by calling (512) 683-5090, by sending an e-mail to firstname.lastname@example.org or by visiting www.ni.com/nati.For more information, Contact National Instruments or visit their web site at www.ni.com.
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