Telestream acquires EcoDigital

USA:

Telestream has announced its acquisition of media archiving specialist, EcoDigital, formerly known as Front Porch Digital. Telestream, a portfolio company of Genstar Capital, is a vertical market software business focused on the video space.

EcoDigital’s Diva Content Management Software (CMS) solution manages the archiving and retrieval of a customer’s assets, automating the process and providing transcoding to and from the archive repository. The overlap between Diva and Telestream’s Vantage media processing platform highlights the potential efficiencies created by the company integration, and a strong customer overlap, with a primary customer base of broadcasters and content owners. Diva software installations typically sit alongside Vantage systems that are providing transcoding of production media assets. Both companies are investing in the cloud and are cloud agnostic, enabling customers to choose the most suitable cloud platform.

“At Telestream, we have always been about creating integrated solutions for our customers, to help them streamline their operations,” commented Dan Castles, CEO of Telestream. “The acquisition of EcoDigital provides more workflow solutions, especially Vantage-related, which facilitate tighter integration for the production, archive and restoration of raw and finished assets. Once the integration is completed, our customers can be even more efficient in the management of their production assets.”

Added Geoff Tognetti, CTO at EcoDigital: “This company integration is entirely positive news for EcoDigital and our customers since the technology synergies between our two product ranges are considerable. This integration has been well thought out – the end result will create greater efficiencies within customer operations and will be beneficial for their businesses.”