Telestream, a provider of digital media and workflow tools, completed its acquisition of Anystream, an organization specializing in video production and management. In an announcement, Telestream said that the acquisition significantly improves the company's standing in the video transcoding market, in addition to enhancing its ability to create on-demand workflow applications.
Anystream's products, services, and customer base will be incorporated into Telestream, in addition to key members of Anystreams management team. Other assets of the acquisition include Anystream's engineering and support team, its global key account sales team, and an East Coast U.S. office. As both companies are private, further terms of the deal were not disclosed.