|
Thoma Bravo to Acquire
Telestream to Accelerate Business Growth
December 21, 2011
Source:
Telestream Transaction
positions Telestream for further strategic acquisitions and strengthened industry
leadership Telestream, a provider of video
transcoding and digital media software solutions, announced that leading private
equity investment firm Thoma Bravo, LLC has entered into a definitive agreement
to purchase Telestream, Inc. The transaction will facilitate further growth of
Telestream’s core businesses in addition to providing additional capital
for further market expansion and acquisition. "This
acquisition recognizes Telestream’s history of market leadership, double-digit
growth and profitability,” said Dan Castles, Telestream's co-founder and
CEO. "That growth would not be possible without our original investors and
dedicated team of employees who have demonstrated a strong commitment to our customers.
We look forward to our next phase of growth and expansion with Thoma Bravo as
we continue to play a leadership role in the digital media industry.”
For more than 13 years, Telestream has been at the forefront
of innovation, pioneering file-based video encoding and transcoding solutions
for media and entertainment companies, enterprises, and consumers. According to
2011 reports by business research firms Frost & Sullivan and In-Stat, the
worldwide multi-format transcoders market is poised for strong growth.
According to Mukul Krishna, Global Director, Digital Media
at Frost & Sullivan, “Vendors like Telestream have been helping to fuel
growth in the digital video market by providing solutions that help media companies
meet the challenges of scalability and economically creating and delivering the
massive volumes of content demanded by a multi-screen environment.”
“Frost & Sullivan has recognized Telestream for
its best practices multiple times and based on Frost & Sullivan's analysis,
Telestream is the market leader for the global video transcoders market,”
adds Avni Rambhia, Senior Industry Analyst, Digital Media at Frost & Sullivan.
“Thoma Bravo is excited to partner with Telestream’s
existing management team to continue to expand the company’s market leadership
position,” said Holden Spaht, partner at Thoma Bravo. “We look forward
to building on the company’s impressive reputation for product innovation,
strategic acquisitions, and world-class customer service.” “The
video ecosystem continues to grow and expand as customers require increasingly
complex tools to manage their end-to-end video workflows,” said A.J. Rohde,
vice president at Thoma Bravo. “Thoma Bravo sees significant opportunity
in the digital media market, and Telestream is well positioned as a strong platform
for increased investment in the industry.” Telestream
has been profitable since 2001 and has self-financed three acquisitions: compression
specialist Popwire in 2006; live webcasting and screencasting provider Vara Software
Ltd. in 2008; and Anystream, a leading provider of automated multi-platform media
publishing solutions in 2010. At the close of 2011 Telestream brings thirteen
straight years of record sales growth. The transaction
is expected to close in early January 2012. Terms of the deal were not disclosed
as both companies are privately held. Telestream will continue to operate as an
independent entity with existing management teams continuing their current roles.
Headquarters will remain in Nevada City, California with offices in Virginia,
Sweden and Germany. For more information about Telestream, visit www.telestream.net.
Submit a Company
Submit News
Submit a Job
Submit an Event
| 
