Citizens M&A Advisory served as the exclusive financial advisor to Telestream in its acquisition of Masstech.
Telestream, a portfolio company of Genstar Capital, is a vertical market software business focused on the video space and is a global leader in media workflow orchestration, media streaming and delivery technologies. Masstech, based in Whiteley, England, and a portfolio company of FPE Capital, is a provider of hybrid cloud-based storage and asset lifecycle management solutions for the media and entertainment industry. It represents Telestream’s 10th acquisition, coming shortly after its purchase of EcoDigital.
Telestream develops products for media processing and workflow orchestration; live capture, streaming, production, video quality assurance, archive and content management; and video and audio test solutions that make it possible to reliably get video content to any audience regardless of how it is created, distributed or viewed. Telestream has corporate headquarters in Nevada City, California, and Westwood, Massachusetts.
Scott Rhodes, managing director at Citizens, says: “It was exciting to get a front-row seat as Telestream strategically consolidated the archive content management sector for digital video with the acquisitions of Ecodigital and Telestream. We advised Ecodigital in its sale to Telestream, and then Telestream in the acquisition of Masstech. With these acquisitions, Telestream now has over 1,000 active customer content management systems in operation worldwide and is a leading media technology software brand.”
Read more/Source: Private Equity Wire
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