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Another acquisition for Thoma Bravo as it signs deal for Telestream

23 Dec 2011

In the latest of a flurry of recent deal activity, private equity firm Thoma Bravo has agreed to acquire Telestream, a provider of video transcoding and digital media software.

According to 2011 reports by business research firms Frost & Sullivan and In-Stat, the worldwide multi-format transcoders market is poised for strong growth.

Mukul Krishna, global director, digital media at Frost & Sullivan, said, “Vendors like Telestream have been helping to fuel growth in the digital video market by providing solutions that help media companies meet the challenges of scalability and economically creating and delivering the massive volumes of content demanded by a multi-screen environment.”

“Thoma Bravo is excited to partner with Telestream’s existing management team to continue to expand the company’s market leadership position,” added Holden Spaht, partner at Thoma Bravo. “We look forward to building on the company’s impressive reputation for product innovation, strategic acquisitions, and world-class customer service.”

Telestream has been profitable since 2001 and has self-financed three acquisitions: compression specialist Popwire in 2006; live webcasting and screencasting provider Vara Software. in 2008; and Anystream, a leading provider of automated multi-platform media publishing solutions in 2010.

“The video ecosystem continues to grow and expand as customers require increasingly complex tools to manage their end-to-end video workflows,” said AJ Rohde, vice president at Thoma Bravo.

The transaction is expected to close in early January 2012.

Telestream’s headquarters will remain in Nevada City, California with offices in Virginia, Sweden and Germany.

Thoma Bravo recently took a 67 per cent of the share capital of InfoVista, a France-based provider of service performance assurance software for IP-based network and application services, for €55m.

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