Telestream acquires

Dan Castles

Computer software company Telestream has announced the acquisition of cloud media processing platform is a Emmy-winning platform used by media and entertainment companies, streaming services, broadcasters, and corporate video customers around the globe. Its headquarters are in the US with development resources around the world.

Telestream said that the acquisition “solidifies Telestream’s market leadership in file-based video media workflows and orchestration from on-prem to cloud.”

The company added that’s Gregg Heil, founder and CEO, and Jeff Malkin, president, will assume senior leadership positions across Telestream’s cloud initiatives. 

Dan Castles, CEO at Telestream, said: “Over’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.” CEO Greg Heil said: “Telestream has an excellent track record when it comes to strategic acquisitions that truly benefit their customers and unite teams in a singular mission to bring the best possible solutions to market. The combined engineering organisations will enable the acceleration of new features and services to support continued migration to the cloud by businesses seeking the advantages of parallel processing, elasticity and scale afforded by cloud infrastructure.”

Most Recent