Valley firm acquired by high-tech giant
Teledyne Technologies Incorporated (NYSE: TDY) of Thousand Oaks says its subsidiary, Teledyne LeCroy Inc., has acquired OakGate Technology Inc., which is based in the Sacramento suburb of Loomis. OakGate makes software and hardware designed to test electronic data storage devices from development through manufacturing and end-use applications. Terms of the transaction were not disclosed. Teledyne LeCroy sells protocol analyzers for a wide range of digital communications standards, such as universal serial bus (USB), peripheral component interconnect express (pci express) and gigabit ethernet (GigE), that aid developers in finding and fixing persistent and intermittent errors and flaws in their product design. OakGate makes complementary software and hardware primarily focused on the test, validation and operating performance of solid state electronic storage media. Both companies’ tools are widely used across the semiconductor, data center and consumer electronics industries.