In May 2012 Teledyne Technologies acquired Lecroy Corp. to expand its portfolio of test and analytical instrumentation products. LeCroy is a leading provider of oscilloscopes, protocol analyzers and related test and measurement solutions that enable companies across a wide range of industries to design and test electronic devices of all types. Since their founding in 1964, LeCroy has focused on creating products that improve productivity by helping engineers resolve design issues faster and more effectively. LeCroy oscilloscopes are used by designers and engineers to measure and analyze complex electronic signals in order to develop high-performance systems and to validate electronic designs in order to improve time to market. LeCroy Protocol analyzers are used to generate and monitor traffic over high speed serial data interfaces, including USB2, Bluetooth, PCI Express, Serial ATA, Serial Attached SCSI (SAS), Wireless USB and others. Both products are critical in the development of a wide variety of demanding design applications.