National Instruments to Acquire AWR Corporation, a Leader in RF Design Tools
The fast design cycles and increasing complexity of RF and wireless systems demand better integration between design and test. RF system designers need to validate their simulations with actual measurements, while RF test engineers need to increase test reuse and decrease test time through more design integration. By increasing the effectiveness of the integration between AWR design tools and NI software and hardware, NI and AWR together can significantly improve customer productivity through increased connectivity between design, validation and production test functions.
"AWR has an exceptional team with strong RF talent and technologies that expand the NI platform into RF design, which is complementary to our capability to make measurements across the RF design flow," said Dr.
Both NI and AWR deliver unique strengths that together will enable customers to more productively design and test their RF systems. The acquisition will strengthen both companies' core software brands, NI LabVIEW, AWR Microwave Office and Visual System Simulator, as well as the NI RF testing hardware platform. The full suite of AWR design tools in combination with a complete RF testing platform from NI will give customers a platform to decrease the time to market of their RF designs. NI will also augment its current academic and university RF and communications initiatives to include AWR software tools, so educators and students can benefit from the improved teaching and learning experience for the rapid design and prototyping of RF systems.
"There is clear synergy between the customers and product offerings of both companies," said
The aggregate purchase price to be paid at closing is approximately
In this transaction,
Conference Call Information
Interested parties can listen to the conference call today,
The statements in this release relating to the expected benefits of the acquisition, post-acquisition plans for the AWR business, significantly improving customer productivity, accelerating the deployment of RF and wireless technologies, strengthening both core software brands, clear synergies, being better able to support and service our growing install base and the expected closing date are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to the actual timing of the closing of the acquisition, the satisfaction of the conditions to closing in the merger agreement, any unexpected termination of the merger agreement, our ability to successfully collaborate with AWR and integrate the business of AWR, changes in demand or market acceptance of AWR products and technology, changes in demand or market acceptance of our products and the products of our customers, competitive developments and our ability to retain AWR employees. For a detailed discussion of these and other risk factors, please refer to the filings of NI on Forms 10-K and 10-Q. Stockholders are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. We undertake no obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this press release, or to reflect the occurrence of unanticipated events.
AWR, the innovation leader in high-frequency EDA software, dramatically reduces development time and cost for products employed in wireless, high-speed wired, broadband, aerospace and defense and electro-optical applications. Learn more at www.awrcorp.com and AWR.tv.
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