Genstar Capital-backed Telestream to acquire Masstech.

Genstar Capital-backed Telestream, a vertical market software business focused on the video space and is a global leader in media workflow orchestration, agreed to acquire Masstech, a provider of a content repository, data movement, content transformation, and archive management services. Financial terms were not disclose. “Following the EcoDigital acquisition, this investment decision made natural sense and it is strategic in its very nature. The knowledge base gained through the Masstech acquisition is complementary to what we have been doing and want to do in this area. This transaction brings together nearly two Exabytes of M&E content under the management of Telestream products in over 1,000 operational systems. With this market leadership comes a critical responsibility to work with our customers as they navigate a hybrid operating environment with assets on premise and in the cloud,” Dan Castles, Telestream CEO and Co-Founder.