Transcoding vendor Telestream announced today that the company has completed the acquisition of rival transcoding provider Anystream.
According to the company, the deal “propels Telestream to the dominant position in the video transcoding market and significantly enhances Telestream’s ability to provide a greater range of enterprise-class live and on-demand workflow applications.”
Anystream’s products, services, and customer base will be incorporated into Telestream, who will continue to sell Anystream products at current prices. .
The terms of the deal were not announced. Speaking of the terms, it is my understanding that there is more to this deal than has so far been disclosed publicly.
You can read the full Telestream announcement here.