Thoma Bravo to Acquire Telestream

28 Dec

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Private equity investment firm Thoma Bravo, LLC has entered into a definitive agreement to purchase Telestream, Inc. The transaction will facilitate further growth of Telestream’s core businesses in addition to providing additional capital for further market expansion and acquisition.
“The video ecosystem continues to grow and expand as customers require increasingly complex tools to manage their end-to-end video workflows,” said A.J. Rohde, vice president at Thoma Bravo. “Thoma Bravo sees significant opportunity in the digital media market, and Telestream is well positioned as a strong platform for increased investment in the industry.”
Telestream has been profitable since 2001 and has self-financed three acquisitions: compression specialist Popwire in 2006; live webcasting and screencasting provider Vara Software Ltd. in 2008; and Anystream, a leading provider of automated multi-platform media publishing solutions in 2010.  At the close of 2011 Telestream brings thirteen straight years of record sales growth, according to the company.
The transaction is expected to close in early January 2012. Terms of the deal were not disclosed as both companies are privately held.  Telestream will continue to operate as an independent entity with existing management teams continuing their current roles. Headquarters will remain in Nevada City, California with offices in Virginia, Sweden and Germany.

Private equity investment firm Thoma Bravo, LLC has entered into a definitive agreement to purchase Telestream, Inc. The transaction will facilitate further growth of Telestream’s core businesses in addition to providing additional capital for further market expansion and acquisition.

“The video ecosystem continues to grow and expand as customers require increasingly complex tools to manage their end-to-end video workflows,” said A.J. Rohde, vice president at Thoma Bravo. “Thoma Bravo sees significant opportunity in the digital media market, and Telestream is well positioned as a strong platform for increased investment in the industry.”
Telestream has been profitable since 2001 and has self-financed three acquisitions: compression specialist Popwire in 2006; live webcasting and screencasting provider Vara Software Ltd. in 2008; and Anystream, a leading provider of automated multi-platform media publishing solutions in 2010.  At the close of 2011 Telestream brings thirteen straight years of record sales growth, according to the company.

The transaction is expected to close in early January 2012. Terms of the deal were not disclosed as both companies are privately held.  Telestream will continue to operate as an independent entity with existing management teams continuing their current roles. Headquarters will remain in Nevada City, California with offices in Virginia, Sweden and Germany.

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