Tektronix, Inc. (NYSE: TEK), a leading worldwide provider of test, measurement and monitoring solutions, today announced that it has signed a definitive agreement to acquire Minacom, a leading provider of active probe test solutions used by telecommunications carriers, cable multi-system operators (MSOs), wireless and VoIP providers worldwide. Minacom is based in Montreal, Canada and has an installed base in 30 countries worldwide. The acquisition will expand Tektronix’ leadership and addressable market in Next Generation Network (NGN) Management Solutions.
Complementing Tektronix’ market-leading network monitoring systems, Minacom’s active test solutions for VoIP, voice, video, Internet, Fax, and Fax-over-IP provide active troubleshooting, provisioning, and automated service quality monitoring that accurately reflects the real subscriber-experience. The combined products will provide an integrated end-to-end NGN network and service quality test platform for Tektronix customers worldwide, enabling them to provide the highest quality of service to their subscribers and to rapidly identify, localize and quantify service and network issues at all points from the core to the edge of the network.
“We are committed to providing innovative NGN solutions. This acquisition will enable Tektronix to offer both active and passive probing capabilities for modern and legacy networks,” said Rich McBee, Senior Vice President and General Manager, Tektronix Communications Business. “The integration of these products into one solution will accelerate delivery of our product roadmaps in key areas such as IP voice, video and data services and for access and edge network service management. Additionally, Minacom’s respected leadership position with cable MSO’s for active VoIP testing will provide direct access to a new market segment for Tektronix’ monitoring business.”
“I am very excited about the products and technologies this combination of companies will bring to our customers” said Michel Nadeau, President and Founder of Minacom. “Our customers want to work with fewer vendors with broader solutions that cover key aspects of service delivery. We strongly believe in the value of combining active and passive test capabilities and know that together, we will deliver the best solution in the industry. Tektronix’ global leadership with NGN tier one networks combined with its global channels and support infrastructure will give our active test products greatly enhanced customer access, reach and support, backed by Tektronix’ well-established reputation for leadership in testing.”
Tektronix will acquire Minacom in an asset purchase for approximately US $27.0M and expects the transaction to close within 30 days. The impact of the acquisition is expected to be immaterial to Tektronix’ financial results for the fiscal year. Minacom’s 35 employees will become part of Tektronix and the business will continue to be located in Montreal. The new group will become a center of excellence for IP active test within Tektronix.
Tektronix is a leading supplier of test, measurement, and monitoring products, solutions and services for the communications, computer, and semiconductor industries – as well as military/aerospace, consumer electronics, education and a broad range of other industries worldwide. With 60 years of experience, Tektronix enables its customers to design, build, deploy, and manage next-generation global communications networks, advanced and pervasive technologies. Headquartered in Beaverton, Oregon, Tektronix has operations in 19 countries worldwide.