Telestream, a provider of video transcoding and digital media software solutions, has announced that private equity investment firm Thoma Bravo will make an investment that will see them acquire the firm. The transaction will facilitate further growth of Telestream’s core businesses in addition to providing additional capital for further market expansion and acquisition.
“This acquisition recognises Telestream’s history of market leadership, double-digit growth and profitability,” said Dan Castles, Telestream’s co-founder and CEO. “That growth would not be possible without our original investors and dedicated team of employees who have demonstrated a strong commitment to our customers. We look forward to our next phase of growth and expansion with Thoma Bravo as we continue to play a leadership role in the digital media industry.”