Telestream has acquired cloud media processing platform Encoding.com used by streaming services and broadcasters around the world.
The financial details of the deal have not been announced.
Encoding.com’s team will be integrated into Telestream, and as part of the acquisition Gregg Heil, founder and CEO, and Jeff Malkin, president, will assume senior leadership positions across Telestream’s cloud initiatives.
“Over Encoding.com’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,” said Dan Castles, CEO at Telestream.
“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.”
“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,” added Heil. “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.”
The latest acquisition follows a busy 2021 for Telestream, when it acquired Masstech; content creation workflow app ContentAgent; and Sherpa Digital Media.