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TELESTREAM TO ACQUIRE GRAB NETWORKS' ANYSTREAM

August 13, 2010
TELESTREAM TO ACQUIRE GRAB NETWORKS' ANYSTREAM Anystream is 10 years old and offers the Agility solution for media companies looking to produce and transcode video to publish on the Web. The company is a provider of automated multi-platform media publishing solutions, which are used by over 600 leading media companies in 38 countries around the world. The addition of Anystream’s team of professionals grows a dedicated 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,” says  Dan Castles, CEO of Telestream. “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 is very synergistic and truly a win-win for customers, employees, and partners alike.”