Announced
Completed
Financials
Tags
Private
Acquisition
Domestic
Private Equity
transcoding software
Friendly
Completed
United States
cloud media processing
encoding platform
Software
Majority
Single Bidder
Synopsis
Genstar Capital-backed Telestream, an American privately held computer software company, completed the acquisition of Encoding.com, a cloud media processing platform. Financial terms were not disclosed. "Over Encoding.com’s 13-year history, the company has generated significant traction powering video supply chains for leading streaming platforms, content distributors, and web-based VOD platforms. Being cloud-native from inception, the technology fits perfectly within the strategic direction at Telestream to offer our customers the ultimate flexibility to meet their most demanding workflow needs across cloud, on-prem or hybrid environments. This acquisition, together with Telestream’s 25 year heritage of continuous media workflow innovation, cements our leadership position across the entire VOD cloud media processing ecosystem," Dan Castles, Telestream CEO.
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