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51-545: 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

102-609: A business, so he read many books on the business and management principles in order to learn how to run a company. In 1979, as they reached $ 300,000 in sales, Truchard was able to leave his job at UT to concentrate on his new company full-time. In 1986, in conjunction with Kodosky, Truchard played a pivotal role in the development of the LabVIEW graphical development software, which allows scientists to quickly build solutions for their measurement and automation needs. The graphical programming interface that LabVIEW provided revolutionized

153-452: A multinational corporation with sales of test and development products to universities. Digilent developed the open standard Pmod Interface . On June 16, 2020, National Instruments announced that they were officially changing the company's name to "NI". On May 4, 2021, NI announced the acquisition of monoDrive, a provider of simulation software for advanced driver-assistance systems (ADAS) and autonomous vehicle development. In March 2022, it

204-462: A new campus, located at a 72-acre (290,000 m) site along North Mopac Boulevard in northern Austin. By this time, NI had reached 1,000 employees. The new NI campus, which opened in 1998, was designed to be employee-friendly. It contains dedicated "play" areas, including basketball and volleyball courts, an employee gym, and a campus-wide walking trail. Each of the buildings on the campus is lined with windows and features an open floor plan. "Dr. T", as

255-524: A strategic partnership with another electronic design automation company named Ultimate Technology from Naarden , Netherlands , who was the European market leader in printed circuit board design software, with their package ULTIboard. Like Electronics Workbench, founder James Post gained PR fame when he organized the distribution of 180,000 demo floppy disks via electronics magazines in Europe. In 1999,

306-526: A version of LabVIEW, known as LabWindows, was released for the DOS environment. The company had 100 employees by 1986. NI opened its first international branch in Tokyo in 1987. After growing their staff enough to take over almost the entire building they were renting, in 1990, NI moved to a new building at 6504 Bridge Point Parkway, which the company purchased in 1991. The building, located along Lake Austin near

357-785: Is a member and former chairman of the Engineering Foundation Advisory Council, and is a member of the University of Texas Chancellor's Council. He previously served on the UT Electrical and Computer Engineering Visiting Committee, and was a founding member of the Austin Software Council. Texas governor Rick Perry appointed Truchard to the state's Advisory Council on the Digital Economy and invited Truchard to chair

408-616: Is an American billionaire, electrical engineer , and a businessman who is the co-founder and former president and CEO of National Instruments , a company producing automated test equipment and virtual instrumentation software. Truchard is a member of the National Academy of Engineering and the Royal Swedish Academy of Engineering Sciences . Truchard was born June 25, 1943, in Austin County, Texas ,

459-534: Is heavily invested in the advancement and curing of Alzheimer's disease and funds projects, such as the Oskar Fischer Project, to do so. Nasdaq The Nasdaq Stock Market ( / ˈ n æ z d æ k / ; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City . It is the most active stock trading venue in

510-649: Is made up of both American and foreign firms, with China and Israel being the largest foreign sources. "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority . On February 8, 1971, the Nasdaq stock market began operations as

561-463: Is scheduled to attend an external business meeting, Truchard wears denim jeans to work every day, and sits in a cubicle in the middle of the 8th floor, where employees are free to walk up and discuss any issues they might have. On January 1, 2017, Truchard retired as president and CEO. He continued to hold his position as chairman of the board until his resignation in September 2018. Shortly after

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612-542: The Fortune "100 Best Companies to Work For" for fourteen consecutive years (2000–2013). Affectionately known to his employees as "Dr. T", Truchard insists that he and others in the management structure at NI remain accessible to their employees. Despite his stature as the sole CEO in the company's history, Truchard is still an approachable and down-to-earth individual. He still drives an old pick up truck to work, where he does not have an assigned parking space. Unless he

663-482: The Electronics Workbench . In 1996, Interactive Image Technologies appointed its vice president, Roy Bryant, as Chief Operating Officer to oversee the day-to-day operations of the company and to grow the company's Electronic Design Automation (EDA) products. Bryant is credited with "overseeing the development and marketing of the company's Electronics Workbench EDA product". In 1998, the company started

714-543: The London Stock Exchange to form the first intercontinental linkage of capital markets . In 1996, the SEC issued a report alleging that Nasdaq market makers fixed prices by avoiding "odd-eighths" quotes (at the time, stock prices were quoted in increments of an eighth of a dollar) to artificially widen spreads. The report was followed by a new set of rules for how Nasdaq handled orders. In 1998, it became

765-603: The NASDAQ Financial-100 Index, which tracks the largest 100 companies in terms of market capitalization . On March 10, 2000, the NASDAQ Composite stock market index peaked at 5,132.52, but fell to 3,227 by April 17, and, in the following 30 months, fell 78% from its peak. In a series of sales in 2000 and 2001, FINRA sold its stake in the Nasdaq. On July 2, 2002, Nasdaq Inc. became a public company via an initial public offering . In 2006,

816-592: The 2000s, NI began exporting most of its manufacturing overseas by opening its 144,000-square-foot (13,400 m) manufacturing plant in Debrecen , Hungary . NI now manufactures nearly 90% of its production in Debrecen and has expanded several times in the last decade. In 2011, with a multimillion-dollar grant from the government, NI increased production in Debrecen by approximately 20%. With state-of-the-art automation processes, headcount increased by only 2%. In 2002,

867-756: The Asia/Pacific region, as well as a multitude of offices in the Americas, Africa, and the Middle East. Research and Development centers are located in the United States , Germany , India , Romania , China , Canada , and Malaysia . In January 2013, National Instruments acquired all outstanding shares of Digilent Inc., which became a wholly owned subsidiary. Digilent was founded in 2000 by two Washington State University electrical engineering professors, Clint Cole and Gene Apperson, and grew to become

918-563: The CompactPCI-based PXI , an open industry standard for modular measurement and automation, and NI TestStand , which provides for tracking high-volume manufacturing tests. User traffic and e-commerce rapidly improved after the company acquired the ni.com domain and began investing in web technologies. They introduced NI Developer Zone, which provides end-user developers access to example programs, sample code, and development tips, as well as forums for users and NI employees. In

969-666: The EMiniCME. Below are the contract specifications for the Nasdaq 100 and derivatives. Nasdaq quotes are available at three levels: The Nasdaq Stock Market sessions, with times in the Eastern Time Zone are: 7:00 a.m. to 9:30 a.m.: extended-hours trading session (premarket) 9:30 a.m. to 4:00 p.m.: normal trading session 4:00 p.m. to 8:00 p.m.: extended-hours trading session (postmarket) The Nasdaq Stock Market averages about 253 trading days per year. The Nasdaq Stock Market has three different market tiers: After

1020-635: The Loop 360 Bridge, became known as "Silicon Hills = Bridge Point." NI received their first patent for LabVIEW in 1991. Later in the same year, they introduced Signal Conditioning eXtensions for Instrumentation (SCXI) to expand the signal-processing capabilities of the PC, and in 1992, LabVIEW was first released for Windows-based PCs and Unix workstations . NI also created the National Instruments Alliance Partner program. In 1993,

1071-533: The Texas Science, Technology, and Math Industry Advisory Council, which seeks to reverse the declining interest of young people in technical careers. Truchard lives in Austin, Texas in a house overlooking Lake Austin . He had four children with his wife Lee, who died in 2012 after prolonged illness. In August 2015 he married Marci Truchard. As of March 2018, he is worth an estimated $ 1.1 billion. Truchard

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1122-624: The U.S. by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange . The exchange platform is owned by Nasdaq, Inc. , which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges . Although it trades stock of healthcare, financial, media, entertainment, retail, hospitality, and food businesses, it focuses more on technology stocks . The exchange

1173-601: The arrival of the Macintosh computer , Kodosky began a research initiative with the assistance of student researchers at the University of Texas into ways to exploit the new interface. This led to the creation of NI's flagship product, the LabVIEW graphical development platform for the Macintosh computer, which was released in 1986. The software allows engineers and scientists to program graphically by "wiring" icons together instead of typing text-based code. The following year,

1224-635: The companies merged and renamed themselves after their most well known product, the Electronics Workbench. Then the product line consisted of schematic capture , simulation product named MultiSIM and printed circuit board software called Ultiboard . In 2005, the company was acquired by National Instruments and rebranded as National Instruments Electronics Workbench Group. Beginning in 1995, National Instruments has held an annual developer conference in Austin, NIWeek. The week-long conference

1275-476: The company dedicated the 379,000-square-foot (35,200 m) Building C on their Mopac campus, which became the headquarters for the company's R&D operations. Upon completion of this building, the NI campus finally had enough capacity to move all Austin-based employees to a single location. Following the company model of selling directly to customers, by 2006, NI had opened 21 sales offices in Europe and 12 offices in

1326-434: The company reached the milestone of $ 100 million in annual sales. To attract C/C++ programmers, later that year, NI introduced LabWindows/CVI . The following year, an employee began experiments with the relatively new World Wide Web and developed natinst.com, the company's very first web page. The company began to run out of room on their approximately 136,000-square-foot (12,600 m) campus. In 1994, NI broke ground on

1377-473: The company, which could replace vendor-defined instruments with a custom PC-based system. With the company's acquisition of Georgetown Systems Lookout software, NI products were further incorporated into applications run on the factory-floor. By 1996, the company had reached $ 200 million in annual sales and was named to Forbes magazine's 200 Best Small Companies list. Over the next several years, NI released machine vision software and hardware. NI also introduced

1428-646: The continued price increases when selling market data . In December 2020, NASDAQ announced that it would strip its indexes of four Chinese companies in response to Executive Order 13959 . In September 2024, the European Commission said it had carried out an unannounced inspection at the offices of Nasdaq over potential anti-competitive practices. Nasdaq 100 futures are traded on the CME (Chicago Mercantile Exchange) while its derivatives, E-Mini Nasdaq 100 and Micro E-Mini Nasdaq 100 futures are traded on

1479-556: The development of LabVIEW, in 1987 Truchard received one of the first Texas High Technology Entrepreneur awards. Twelve years later he was awarded a Texas High Technology Master Entrepreneur of the Year honor. He was named one of the nation's 50 Best CEOs in three consecutive years by Worth Magazine. In 2002, Truchard was inducted into the Electronic Design Engineering Hall of Fame, and the following year he

1530-473: The employees call their CEO, sits in an open cubicle and does not have an assigned parking space. Employees had been granted stock in the privately held company as part of their compensation packages. When the company chose to go public in 1995, over 300 current and former employees owned stock. The company was listed on the Nasdaq exchange as NATI. By the late 1990s, the more advanced DAQ boards were provided by

1581-546: The end of the year, they moved the company to a larger office, renting 5,000 square feet (500 m) of office space. To assist in generating revenue, the company undertook numerous special projects, including a fuel-pump credit-card system and a waveform generator for U.S. Navy sonar acoustic testing. In 1981, the company reached the $ 1 million sales mark, leading them to move to a 10,000-square-foot (1,000 m) office in 1982. In 1983, National Instruments developed their first GPIB board to connect instruments to IBM PCs . With

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1632-543: The eve of the United Nations Conference on Sustainable Development (Rio+20). In November 2016, chief operating officer Adena Friedman was promoted to chief executive officer , becoming the first woman to run a major exchange in the U.S. In 2016, Nasdaq earned $ 272 million in listings-related revenues. In October 2018, the SEC ruled that the New York Stock Exchange and Nasdaq did not justify

1683-406: The first stock market in the United States to trade online, using the slogan "the stock market for the next hundred years". The Nasdaq Stock Market attracted many companies during the dot-com bubble . Its main index is the NASDAQ Composite , which has been published since its inception. The QQQ exchange-traded fund tracks the large-cap NASDAQ-100 index, which was introduced in 1985 alongside

1734-425: The fourth of seven children born to Joe Truchard and Lillie Schneider. Truchard earned a B.S. and an M.S. in physics , and a Ph.D. in electrical engineering from the University of Texas at Austin . Following his graduation, Truchard worked as managing director of the acoustical measurements division at the U.T. Applied Research Laboratories. After two years of working for U.T., Truchard realized that there

1785-466: 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

1836-434: The inefficient data collection methods they were using, the three decided to create a product for data collection. 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,

1887-470: The monthly Stock Guides (stock guides and procedures) issued by Standard & Poor's Corporation. Over the years, it became more of a stock market by adding trade and volume reporting and automated trading systems. In 1981, Nasdaq traded 37% of the U.S. securities markets' total of 21 billion shares. By 1991, Nasdaq's share had grown to 46%. In 1992, the Nasdaq Stock Market joined with

1938-834: The status of the Nasdaq Stock Market was changed from a stock market to a licensed national securities exchange. In 2007, it merged with OMX, a leading exchange operator in the Nordic countries, expanded its global footprint, and changed its name to the NASDAQ OMX Group. To qualify for listing on the exchange, a company must be registered with the United States Securities and Exchange Commission (SEC), must have at least three market makers (financial firms that act as brokers or dealers for specific securities) and must meet minimum requirements for assets, capital, public shares, and shareholders. In February 2011, in

1989-453: 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 National Instruments and began designing an interface board. The group hired their first employee, Kim Harrison-Hoson in 1977 to process orders and deal with customers. Truchard's job at UT had provided him with some experience in developing products but not with managing employees or

2040-485: The wake of an announced merger of NYSE Euronext with Deutsche Börse , speculation developed that NASDAQ OMX and Intercontinental Exchange (ICE) could mount a counter-bid of their own for NYSE. NASDAQ OMX could be looking to acquire the American exchange's cash equities business, ICE the derivatives business. At the time, "NYSE Euronext's market value was $ 9.75 billion. Nasdaq was valued at $ 5.78 billion, while ICE

2091-508: The way engineers and scientists worked. After the release of LabVIEW, the company's future seemed secured. Under Truchard's leadership, NI has seen growth and record revenue in 35 of its 37 years (except 2001 and 2009). With the goal of balancing the success of customers, employees, shareholders, and suppliers, Truchard has led with a conservative, deliberate approach. The company focuses on innovation, growth, and expansion and prizes innovation and entrepreneurship, and has been named as one of

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2142-460: The world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trades. The NASDAQ Stock Market eventually assumed the majority of major trades that had been executed by the over-the-counter (OTC) system of trading, but there are still many securities traded in this fashion. As late as 1987, the Nasdaq exchange was still commonly referred to as "OTC" in media reports and also in

2193-570: 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 600-square-foot (56 m) 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. In 1980, Truchard, Kodosky, and Nowlin quit their jobs to devote themselves full-time to National Instruments, and at

2244-448: Was announced that NI had completed the acquisition of Heinzinger Automotive GmbH, the electronic vehicle systems business of Rosenheim -based Heinzinger Electronic GmbH. After months of failed negotiations to purchase NI, industrial conglomerate Emerson Electric announced a hostile takeover bid for NI in an appeal directly to shareholders in early 2023. In April 2023, NI agreed to be sold for $ 8.2   billion in an all-cash deal. which

2295-524: Was completed in October 2023. Within Emerson, NI now operate as a new Test & Measurement business group, headquartered in Austin, Texas. National Instruments' engineering software includes: National Instruments' hardware platforms include: The National Instruments Electronics Workbench Group is responsible for creating the electronic circuit design software NI Multisim and NI Ultiboard , which

2346-535: Was elected to the Royal Swedish Academy of Engineering Sciences. He has also been named a University of Texas Distinguished Engineering Graduate. In 2007, Truchard was elected as a member into the National Academy of Engineering for creating 'virtual instrumentation,' which enabled the rapid development of customized measurement systems in industry, academia, and classrooms. In 2018 he was the recipient of Armenia 's Global High-Tech Award. Truchard

2397-555: Was founded as a European equivalent to the Nasdaq Stock Market. It was purchased by NASDAQ in 2001 and became NASDAQ Europe. In 2003, operations were shut down as a result of the burst of the dot-com bubble . In 2007, NASDAQ Europe was revived first as Equiduct and was acquired by Börse Berlin later that year. On June 18, 2012, Nasdaq OMX became a founding member of the United Nations Sustainable Stock Exchanges Initiative on

2448-488: Was held at the Austin Convention Center . Activities there were presented both by NI employees and external presenters. An exhibition hall allows selected industry integrators and suppliers to showcase their products, and various customers or university students also present papers on their work with NI tools. James Truchard James Joseph Truchard (born June 25, 1943, in Austin County, Texas )

2499-485: Was little room for promotion unless one of his coworkers retired. As he often remarks, he "didn't see a job I wanted [in Austin] - so I created one!" Working with colleagues Jeff Kodosky and Bill Nowlin, Truchard was part of a project conducting research for the U.S. Navy that allowed them to use early computer technology to collect and analyze data. Frustrated with the inefficient data collection methods they were using,

2550-460: Was previously a Canada -based company that first produced MultiSIM, and integrated ULTIboard with it. Interactive Image Technologies was founded in Toronto , Ontario , by Joe Koenig , and specializes in producing educational movies and documentaries. When the government of Ontario needed an educational tool for teaching electronics in colleges, the company created a circuit simulator called

2601-662: Was valued at $ 9.45 billion." Late in the month, Nasdaq was reported to be considering asking either ICE or the Chicago Mercantile Exchange to join in what would probably have to be, if it proceeded, an $ 11–12 billion counterbid. In December 2005, NASDAQ acquired Instinet for $ 1.9 billion, retaining the Inet ECN and subsequently selling the agency brokerage business to Silver Lake Partners and Instinet management. The European Association of Securities Dealers Automatic Quotation System (EASDAQ)

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