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Follow on Google News | Telestream to acquire AnystreamTelestream Executes Definitive Agreement with Anystream Division. The deal will extend Telestream's leading position in Enterprise-Class Video Transcoding and Live Encoding Markets.
By: Boxer Systems Founded ten years ago, Anystream pioneered a solution for media companies looking to produce and transcode video to publist on the web with the introduction of the Agility products. The company grew to become a leading provider of automated multi-platform media publishing solutions, and its solutions are used by over 600 of the leading media companies in 38 countries around the world. Once completed, the transaction will add a world-class engineering and support team, an East Cost office, and a key account sales team to Telestream's worldwide business. The addition of Anystream's seasoned team of professionals grows a dedicatedm world-class group focused on automated multi-platform media publishing solutions within the Telestream family. "This is a great opportunity for Telestream to accelerate its momentum helping media and entertainment companies unleash the promise of their media assets through next-generation enterprise-class solutions designed for complex multi-format workflows. Anystream's customer base will benefit not only from Telestream's broad end-to-end digital media tools and workflow solutions, but also from its strategic focus on transcoding," "This transaction further helps the company leverage a growing market," remarked Michelle Abraham, principal analyst with In-Stat. In-Stat expects the worldwide multiformat transcoding market to grow from $117 million to $297 million in 2014, according to the report "Worldwide Market for Enterprise-Class Multiformat Transcoders" Telestream products are available in the UK for Boxer Systems, see http://www.boxer.co.uk. # # # Boxer have been working for 20 years in the Broadcast and Post-Production arena supplying equipment and integrated systems to a range of clients including: Arqiva, BBC, BSkyB, ThomsonReuters, Channel 4, Perform Group, ITV, ITN, The Mill, MPC, Technicolor, Travel Channel and Liverpool FCTV. Our expertise covers key areas such as - * Ingest and Transcoding * Asset Management * Media Storage * Editing Systems * Live Streaming * Playout Server * On-air Graphics * Audio/Video conversion * Systems Integration End
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