Tektronix Buys Video-Monitoring Firm Mixed Signals
Expands Tektronix Offering In The Rapidly Growing Video Over IP Market
Todd Spangler -- Multichannel News, 5/17/2010 5:41:06 PM
Tektronix, a vendor of electronic test, measurement and monitoring products, has closed a deal to acquire Mixed Signals, which provides video-monitoring solutions to major cable providers.Details of the transaction were not disclosed. Mixed Signals' investors included venture-capital firms Maverick Capital, Palomar Ventures and RRE Ventures.
According to Mixed Signals, several top U.S. cable operators use its Sentry video-monitoring solution, including Comcast, Time Warner Cable, Cox Communications, Cablevision Systems, Charter Communications and Suddenlink Communications. The Los Angeles-based company, founded in 2004, has fewer than 50 employees.
Tektronix, based in Beaverton, Ore., provides test, measurement and monitoring solutions for engineers focused on electronic design, manufacturing and advanced technology development.
"We've certainly viewed Mixed Signals as having a long history of innovation," Eben Jenkins, general manager of Tektronix's Video Business unit, said in an interview. "The real challenge we've seen [for customers] is taking an increasingly large number of quality-of-service metrics and figuring out what to do about it."
Mixed Signals CEO Eric Conley will remain with Tektronix, and his group will remain based in L.A. "What this allows us to do specifically with Tektronix is be able to do more of what we wanted to do over the next several years, but much quicker," he said.
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