NEVADA CITY, CA — Telestream (www.telestream.net), a Genstar Capital company and provider of digital media tools & workflow solutions, has announced a partnership with Fortive to integrate Tektronix Video (www.tek.com/video) into its business. Tektronix is a provider of video test, monitoring and quality assurance solutions for the broadcast and digital media markets.
Founded in 1946 as part of Tektronix Inc., Tektronix Video is headquartered in Beaverton, OR, with research & development and engineering facilities in Bangalore, India. The company has sales operations in North America, Europe, Middle East, Asia and Latin America. The terms of the deal were not disclosed as Telestream is privately held, but the transaction results in Genstar Capital partnering with Fortive in a co-ownership arrangement.
With over 1,000 customers around the world, including 95 percent of leading broadcasters and network service providers, Tektronix Video’s video test, monitoring and quality assurance solutions help media companies and service providers monitor, analyze and optimize video to gain the 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 will remain CEO of the combined company and 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 which 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.”