Telestream Grabs Anystream

Aug 17, 2010

Telestream, a California-based creator of digital media tools and workflow assistance products, has reached an agreement to acquire the Anystream division of Grab Networks. Telestream has stated that this acquisition will further solidify its position in the software video transcoding market.

Anystream is known for its Agility line of products, which help media entities produce and transcode video for web consumption. The terms of its acquisition by Telestream were not disclosed.