Concept

National Instruments

Summary

National Instruments Corporation, doing business as NI, is an American multinational company with international operation. Headquartered in Austin, Texas, it is a producer of automated test equipment and virtual instrumentation software. Common applications include data acquisition, instrument control and machine vision. Emerson Electric agreed to buy NI for billion in April 2023. In 2022, the company sold products to more than 35,000 companies with revenues of US

1.66 billion. In the early 1970s, James Truchard, Jeff Kodosky, and Bill Nowlin were working at the University of Texas at Austin Applied Research Laboratories. As part of a project conducting research for the U.S. Navy, the men were using early computer technology to collect and analyze data. Frustrated with the inefficient data collection methods they were using, the three decided to create a product that would enable their task to be done more easily. In 1976, working in the garage at Truchard's home, the three founded a new company. They attempted to incorporate under several names, including Longhorn Instruments and Texas Digital, but all were rejected. Finally they settled on the current name of National Instruments. With a

10,000 loan from Interfirst Bank, the group bought a PDP-11/04 minicomputer and, for their first project, designed and built a GPIB interface for it. Their first sale was the result of a cold call to Kelly Air Force Base in San Antonio. The three were still employed by the University of Texas. In 1977 they hired their first full-time employee, Kim Harrison-Hosen, who handled orders, billing, and customer inquiries. By the end of the year they had sold three boards, and to attract more business, the company produced and sent a mailer to 15,000 users of the PDP-11 minicomputer. As sales increased, they were able to move into a real office space in 1978, occupying a office at 9513 Burnet Road in Austin. At the end of the 1970s, the company booked

400,000 in orders, recording a

60,000 profit.

Official source

https://en.wikipedia.org/wiki/National_Instruments

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