[2]: 194  It was founded by 1959 by a pair of MIT researchers and soon grew into a multifaceted corporation, helped along by dozens of acquisitions of small niche manufacturers across the United States.

[2]: 194 Microtech's first successful product in the field of data communications was a patch panel system called the Multi-Circuit Jack, released in the early 1960s and later renamed the Dyna-Patch.

It supported a number of connector types and protocols through a system of adapters, allowing signals to be broken down into constituent parts for more efficient data transfers.

Microtech's breakthrough product in the medical sector was an innovative liquid handling system aiding in the dilution of blood serum samples with reagents in precise amounts on the order of microliters.

[2]: 194  In 1977, Dynatech purchased a majority stake in Artek Systems Corporation, a maker of medical instruments based in Farmingdale, New York, which specialized in automated, video-based colony counters.

[4] In 1984, the company completed their acquisition of Controlonics Corporation, a maker of radio frequency devices which specialized in radar detectors, from Dodge Morgan for roughly $35 million.

[2]: 195  In November 1985, Dynatech purchased Quanta Corporation, a manufacturer of character generators and video effects units (later renamed Delta in the 1990s).

[2]: 195 Between January and March 1987, Dynatech acquired Cromemco, Inc., a pioneering microcomputer and digital imaging corporation founded in 1974 in Mountain View, California.

[11] John F. Reno simultaneously succeeded Barger as president of Dynatech; he joined the company in 1974, becoming chief operating officer in 1987.

In February 2000, Dynatech's TTC Corporation subsidiary announced the acquisition of Wavetek Wandel Goltermann, then the second-largest manufacturer of laboratory test equipment, for $600 million.

[21] In June 2000, Dynatech acquired Superior Electronics Group, a maker of cable television testing equipment for $152 million, merging it with TTC and Wavetek in May 2000 to form Cheetah Technologies.