Tektronix offshoot sells for $274 million

Tektronix offshoot sells for $274 million

Tektronix offshoot Omneon, a digital media company specializing in video production solutions, has been purchased by Harmonic, Silicon Valley company.

Harmonic paid $274 million for Omneon, which reported 2009 revenues of $105 million.

Omneon has been based in California since it started in 1998, but it has a large Beaverton office owing to its ties to Tektronix.

Its founders include Larry Kaplan -- a former Tek vice president who once managed computer graphics, television operations and the color printing division -- and Donald Craig, a onetime Tek engineering fellow. (Both remain with Omneon, and Kaplan at least will stay on after the Harmonic deal.)

Read the whole story at OregonLive.com.

{biztweet}Omneon{/biztweet}