Streaming Market Revamped as Telestream Acquires Anystream
Telestream and Anystream, two companies that have played key technology roles in content transcoding for Web distribution, are now one, following Telestream’s signing a definitive agreement to acquire the Anystream division of Grab Networks.
“We get a company that has been known for a decade for good products, engineering, and marketing,” says Dan Castles, CEO of Telestream, adding, “While it may appear that we are very similar, [our clients] and how we do what we do are different. It seems like there would be a lot of overlap, but that isn’t the case.”
Anystream is best-known for its Agility products, a lineup in use by more than 600 media companies in 38 countries around the world. Agility 2G, the company’s latest, can input a wide variety of formats — Sony XDCAM, Panasonic DVCPRO, Avid DNxHD, and h.264 among them — and output to such formats as Adobe Flash, Avid transfer manager, h.264, and more.
That technology will complement Telestream’s core product offering, FlipFactory. FlipFactory can transcode between more than 120 formats and “wrappers” and will now be able to provide such features as support of iPhone streaming, IPTV and h.264 configuration files, and more.
“Agility fits well into our product offering,” says Castles. “Its live capabilities complement our recent initiatives, and it is a little more broadcast-centric.”
In the future, Castles says, users of Telestream or Anystream products can expect integration and augmentation as opposed to separate product lines, with one engineering team driving product-development efforts. Users should also expect expanded support and customer service because Anystream’s East Coast presence will remain, complementing Telestream’s home office in California.
The transaction is subject to various closing conditions, and the terms of the deal were not disclosed since both companies are closely held private entities.