Thoma Bravo has agreed to buy Telestream, a Nevada City, Calif.-based provider of video transcoding and digital media software solutions. Financial terms weren?t announced. The deal is expected to close in January.
PRESS RELEASE
Telestream?, the leading provider of video transcoding and digital media software solutions, today announced that leading private equity investment firm Thoma Bravo, LLC has entered into a definitive agreement to purchase Telestream, Inc. The transaction will facilitate further growth of Telestream?s core businesses in addition to providing additional capital for further market expansion and acquisition.
?This acquisition recognizes Telestream?s history of market leadership, double-digit growth and profitability,? said Dan...
Source: http://www.pehub.com/130132/nomura-becomes-first-japan-firm-investing-in-china-pe/
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