Genstar to Acquire Telestream
DetailsMichelle Clancy | 09 January 2015
Private equity firm Genstar Capital plans to acquire Telestream, which offers live and on-demand digital video tools and workflow solutions.
Telestream products span the entire digital media lifecycle, including media ingest, post production, transcoding; captioning, multiplatform delivery and live streaming; as well as automation and orchestration of the entire workflow.
"Genstar has been following Telestream closely, and this acquisition is consistent with our strategy of investing in vertical market software companies," said Genstar managing director Eli P Weiss.
"Telestream is a leader in its market that has posted profitable growth since its founding. As even more content is generated and viewed on more devices, we believe the company will continue its demonstrated growth trajectory, and we will support Telestream's experienced and successful management team to expand organic growth via new product releases and pursue add-on acquisitions."