Telestream Completes Anystream Acquisition

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Telestream has completed its acquisition of Anystream, a provider of video production and management solutions. The deal will allow the combined companies to provide clients with a much broader array of IT-based production workflows.

More specifically, the deal gives Telestream an even stronger position in the video transcoding market and significantly enhances Telestream's ability to provide a greater range of live and on-demand workflow applications.

Terms of the deal weren't disclosed.

Read more at B&C here.