Telestream is growing

GenStar Capital’s purchase of Telestream means further expansion for the familiar broadcast company.

Telestream, a provider of live and on-demand digital video tools and workflow solutions, announced on 1/7/15 that private equity investment firm Genstar Capital has entered into a definitive agreement to purchase the company. The transaction recognizes the Telestream's significant growth and the important market position it holds. 

Dan Castles, Telestream's co-founder and CEO.

Dan Castles, Telestream's co-founder and CEO.

"Genstar’s mid-market focus and deep expertise in the software industry will enable Telestream to further accelerate our growth,” said Dan Castles, Telestream's co-founder and CEO. "Over the past several years, Telestream has experienced its most significant growth. We look forward to our new partnership with Genstar as we increase our investment in existing products, accelerate our reach into new customer verticals and fuel our next phase of development through additional M&A activity. Our product portfolio and business models are well suited for the Genstar environment.”

“Genstar has been following Telestream closely and this acquisition is consistent with our strategy of investing in vertical market software companies,” said Eli Weiss, a Managing Director of Genstar. Telestream is a leader in its market and 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.”

Telestream’s growth and profitability has consistently outpaced the market and has been achieved both organically and through strategic acquisitions. The Company’s product line includes the premiere media processing platform Vantage, the leading live production and streaming software Wirecast and its new video playback and inspection tool Switch.

You might also like...

Machine Learning For Broadcasters: Part 3 - Neural Networks And The Human Brain

Machine learning is often compared to the human brain. But what do they really have in common?

IP Security For Broadcasters: Part 12 - Zero Trust

As users working from home are no longer limited to their working environment by the concept of a physical location, and infrastructures are moving more and more to the cloud-hybrid approach, the outdated concept of perimeter security is moving aside…

Broadcast Audio Workflow: Part 1 - News, Sports & Chat Shows

We continue our series on Broadcast Audio Systems with a discussion about workflow with multi-award winner Robert Edwards. We look at general purpose workflows, and some considerations for different types of production across news, sports and chat shows. As the…

“Cloud-Native” Is More Than Just A Concept At IBC 2022

As broadcasters and content distribution services continue to look for the most cost-effective ways to create and distribute content in the cloud, equipment vendors have shown the flexibility of their respective technologies to be operated remotely, with precision and efficiency.

Media Supply Chain At IBC 2022 - Rising Advertising VoD And Virtualized Cloud Production Key Themes

Streaming dominates media supply chains far more than it did even at the time of the last IBC with a physical presence in 2019.