National Instruments Acquires Phase Matrix fo $38M

National Instruments NATI today announced its acquisition of Phase Matrix. The acquisition brings key RF talent, technologies and manufacturing capabilities to NI and will significantly increase the capability of NI products in high-frequency RF and microwave applications, extending the frequency range of NI products to 26.5 GHz and beyond. 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.