Telestream, a provider of multi-format media encoding and file-based delivery solutions for the broadcast and entertainment industry, has announced that it has completed the acquisition of Popwire from Teleca, a telecommunications provider. The acquisition adds the products, technologies and employee resources of Swedish-based Popwire to those of US-based Telestream, Inc, a privately held company. Effective immediately, Popwire will operate as Telestream AB, a wholly-owned subsidiary of Telestream, and will continue to be located in Sweden. Terms of the acquisition were not disclosed.
Popwire's craft-encoding tools target the multi-format media encoding needs of digital media production professionals. The Compression Master is a desktop media compression application for Mac OS X users. It supports a range of formats and compliments Telestream's Flip4Mac digital media components. Other products include Live Engine, which provides live broadcast streams for mobile operators.