Telestream swoops for Tektronix
Details
Joseph O'Halloran
| 25 April 2019

Aiming to strengthen video testing, monitoring and file-based quality control within its solution portfolio, digital media tools and workflow solutions provider Telestream has acquired the video business of quality assurance solutions firm Tektronix.

Tektronix Video’s test, monitoring and quality assurance solutions business boasts over 1,000 customers around the world and claims 95% of leading broadcasters and network service providers. The firm is attributed with helping media companies and service providers monitor, analyse and optimise video to gain the critical insight needed to keep viewers engaged on any device, across any network. The company’s portfolio supports a wide range of applications from HD to 4K/Ultra HD, SDI to IP, and linear multicast to OTT ABR networks.

The terms of the deal were not disclosed as Telestream is privately held, but the transaction will result in its owner Genstar Capital partnering with Tektronix parent company Fortive in a co-ownership arrangement.

Telestream CEO Scott Puopolo will be chief executive of the combined company and he stressed that the acquisition was not just about product complementarity.

“Combining Tektronix Video with Telestream brings more extensive sales reach and a very strong presence in additional countries and markets, as well as extensive channel relationships through which we can sell our entire portfolio,” Puopolo explained. “Tektronix Video has industry leading product management and R&D skills that can augment our talent and extend Telestream’s capacity for innovation. Finally, with engineering talent in both Beaverton and Bangalore India, we will benefit from significant additional resources to both innovate and deliver to the needs of our customers.”

“Our investment thesis will continue to view Telestream as a growth-oriented platform company for consolidation of innovative software companies in the video technology ecosystem,” added Genstar Capital managing director Eli Weiss. “Our partnership with Fortive will give us even more capacity to pursue further consolidation in the future.”