Tektronix, Inc. , a leading worldwide provider of test, measurement and monitoring instrumentation today announced that it has acquired Vqual Ltd, a leading provider of software tools for analysis, test and optimization of compressed digital media, based in Bristol, UK.
Changes in the transmission and storage requirements of broadcast video have created a need for content providers, broadcasters, network operators and equipment designers to more easily and accurately test compressed digital media before it is transmitted and to improve content delivery over traditional methods. Vqual's compressed video analysis technology, combined with Tektronix' transport stream and baseband technology, will deliver market-leading content analysis technology for customers all along the continuum in this emerging market.
Vqual, founded in 2002, has worked closely with Tektronix for the past year and recently introduced the first fully automated content analysis solution for file-based, MPEG compressed video for customers throughout the broadcast chain. Tektronix anticipates that the acquisition will accelerate the delivery of products and solutions for broadcast customers seeking to implement advanced content analysis solutions. Tektronix acquired Vqual for approximately $7.0M dollars plus an earn out contingent on certain conditions in the purchase agreement. Vqual's 14 employees will join the company.
"We believe that combining Vqual with our Video Test business enables us to grow and enhance our leadership position in this market," said Todd Biddle, Vice President, Tektronix Video Product Line. "The acquisition of Vqual will enable Tektronix to offer its customers a complete suite of in-house compressed video analysis products. For more than a year, Vqual and Tektronix have had a successful relationship providing technology and expertise to thoroughly test compressed video quality. Now customers will benefit by getting this technology and expertise from one source."
"We are very excited about this opportunity," said Thomas Dove, President and Founder, Vqual. "With Vqual as part of Tektronix, not only will we be able to provide better products which incorporate technology from both companies, but also enhanced support via Tektronix' strong worldwide technical sales and support channel."
Tektronix, Inc. is a leader in test, measurement, and monitoring providing measurement solutions to the communications, computer, and semiconductor industries worldwide. With more than 55 years of experience, Tektronix enables its customers to design, build, deploy, and manage next-generation global communications networks and advanced technologies. Headquartered in Beaverton, Oregon, Tektronix has operations in 19 countries worldwide. Tektronix' Web address is www.tektronix.com.
Statements and information in this press release that relate to future events or results (including the Company's statements and expectations regarding market position and market growth opportunities, and the introduction of new products) are based on the Company's current expectations. They constitute forward-looking statements subject to a number of risk factors, which could cause actual results to differ materially from those currently expected or desired. Those factors include: worldwide geopolitical and economic conditions; current and future business conditions in the electronics, communications, computer and advanced technologies industries; changes in order rates and customer cancellations, including changes in seasonal buying habits; competitive factors, including pricing pressures, loss of key employees, technological developments and new products offered by competitors; changes in product and sales mix, and the related effects on gross margins; the Company's ability to deliver a timely flow of competitive new products, and market acceptance of these products; the availability of parts and supplies from third-party suppliers on a timely basis and at reasonable prices; risks associated with compliance with the "Restriction of Hazardous Substances" worldwide regulatory provisions, including the associated conversion of current and future product designs and manufacturing processes to procure and/or produce lead-free products, and with export regulations; inventory risks due to changes in market demand or the Company's business strategies; changes in effective tax rates; currency fluctuations; and the ability to develop effective sales channels. Further information on factors that could cause actual results to differ from those anticipated is included in filings made by the Company from time-to-time with the Securities and Exchange Commission, including but not limited to annual reports on Form 10-K and the quarterly reports on Form 10-Q.
SOURCE: Tektronix, Inc.
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