Tut acquires VideoTele.com

Tut Systems has significantly expanded its product portfolio by acquiring Tektronix subsidiary VideoTele.com for about $7 million. The merger, which was approved by both Tut and Tektronix boards, calls for Tut to give Tektronix 19.9% of its common stock and a five-year note.

In return, Tut gets VideoTele.com’s digital video headend and video trunking products and entrée to the company’s independent telco customer base. Tut had been–and will continue to be–focused on the multi-tenant unit space, including the hospitality industry. VT.c, which brings about 60 employees, opens doors … Read More

By |October 29th, 2002|News|Comments Off on Tut acquires VideoTele.com