Posted to News on 18th May 2018, 10:09
Red Pitaya shares acquired by Instrumentation Technologies
Red Pitaya, the company that is developing low-cost, open-source, reconfigurable instrumentation with its credit-card-sized STEMlab platform, has announced that all the outstanding shares in the company have been acquired by Instrumentation Technologies, a leader in cutting-edge instrumentation, primarily servicing the accelerator beam diagnostics market. Red Pitaya will continue to operate as a wholly owned subsidiary of Instrumentation Technologies and will retain different identity as it serves very different market sectors.
STEMlab is a test and measurement environment that includes a board, an application marketplace and a source code library. It is designed as a low-cost alternative to many expensive measurement and control instruments. STEMlab can function as an Oscilloscope, Logic Analyser, Signal Generator, Spectrum Analyser and more, also performing other tasks, now including vector network analysis. The Instrumentation Technologies deal, explains CEO Rok Mesar: "will provide development synergies and resources that will enable us to increase the performance of STEMlab still further with higher speeds and greater measurement resolution."
Rok Uri, Founder of Instrumentation Technologies adds: "We are excited about this decision. We are sure we can learn from their innovative approach to enter new market segments, as well as providing them with a stable development and financial platform for rapid growth."
For more information please visit Red Pitaya's website.
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