PORTLAND, ORE. — Telestream, known for its digital media tools and workflow software, is integrating video test, monitoring and quality assurance capabilities from Tektronix Video into its broadcast media business applications.
This is being done thanks to an acquisition with Fortive.
Tektronix was founded in 1946 in Beaverton, and today has a R&D and engineering facility in Bangalore, India.
The terms of the deal were not disclosed. However, the transaction results in Telestream parent Genstar Capital partnering with Fortive in a co-ownership arrangement of Tektronix.
According to Genstar, Tektronix Video’s video test, monitoring and quality assurance solutions help media companies and service providers monitor, analyze and optimize video to gain the critical insight needed to keep viewers engaged on any device, across any network. The company develops and markets video and audio test solutions for analysis, quality control, service assurance and regulatory compliance supporting a wide range of applications from HD to 4K/UHD, SDI to IP, and linear multicast to OTT ABR networks.
Scott Puopolo (pictured) will remain CEO of the combined company.
Puopolo says, “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. Further, 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.”
Genstar Managing Director Eli Weiss added, “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. Our partnership with Fortive will give us even more capacity to pursue further consolidation in the future.”