Telestream To Acquire Anystream

Telestream To Acquire Anystream Business From Grab Networks http://bit.ly/bIxyVa

Grab Networks sells an asset no longer core to its business, an Telestream acquires the Agility and Velocity products, which are enterprise class transcoding and media management platforms.

Streaming Media’s Dan Rayburn comments:

This is a perfect fit for Telestream’s core business and allows them to continue their push into the enterprise vertical. While some might think that Telestream and Anystream already compete, there is not much overlap between the two and Anystream’s product line gives Telestream new products to add to their portfolio.

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