Latin America. In a strategic move that further expands its reach in the cloud media processing sector, Telestream has announced the acquisition of Encoding.com, an Emmy Award-winning cloud media processing platform used by Fortune 1000 Media & Entertainment Companies, Streaming Services, Broadcasters and Corporate Video Customers Worldwide.
The acquisition solidifies Telestream's market leadership in file-based video media workflows and orchestration from on-premises to the cloud.
"Throughout Encoding.com's 13-year history, the company has generated significant traction by driving video supply chains for major streaming platforms, content distributors and web-based VOD platforms," said Dan Castles, CEO of Telestream.
He added, "Being cloud native from the start, the technology fits perfectly into Telestream's strategic direction to offer our customers maximum flexibility to meet their most demanding workflow needs in cloud, on-premises or hybrid environments. This acquisition, coupled with Telestream's 25-year heritage of continuous innovation in media workflow, consolidates our leadership position across the VOD cloud media processing ecosystem."
Encoding.com is a privately held company with U.S. headquarters and development resources located around the world. The team will be integrated into Telestream and, as part of the acquisition, the two Encoding.com directors, Gregg Heil, founder and CEO, and Jeff Malkin, president, will assume senior leadership roles on Telestream's cloud initiatives.
"Telestream has an excellent track record when it comes to strategic acquisitions that truly benefit its customers and bring teams together on a unique mission to bring the best possible solutions to market," said Heil. "The combined engineering organizations will enable the acceleration of new features and services to support the continuous migration to the cloud by enterprises seeking the advantages of parallel processing, elasticity and scale offered by cloud infrastructure."
Encoding.com customers will continue to receive support and can expect access to a broader set of capabilities and options in the future. Telestream customers will benefit from Encoding.com's enhanced VOD workflows, including ultra-fast processing with Ludicrous mode and industry-leading content protection as engineering teams integrate technology stacks.
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