Thoma Bravo, LLC, a leading private equity investment firm, announced today the sale of portfolio company Telestream, Inc., a world-class provider of live and on-demand digital video tools and workflow solutions, to Genstar Capital. Financial terms were not disclosed. The sale is expected to close in Q1 2015.
“Thoma Bravo worked in partnership with management over our three year ownership period to invest in the business, make acquisitions and accelerate the Company’s growth,” said Holden Spaht, a managing partner at Thoma Bravo. “The Company today is a clear leader in the digital video space with the deepest set of products and services in the market.”
Since Thoma Bravo acquired Telestream in January 2012, the company has seen incredible growth on several fronts. It added to its products and services by acquiring companies like captioning leader CPC and launching products like Post Producer, TrafficManager, Switch and Vantage® Cloud, and bolstered its executive and sales team to drive further growth.
“When Thoma Bravo acquired Telestream nearly three years ago, we made a commitment to further distinguish the company as the leader in the digital media space,” said A.J. Rohde, a principal at Thoma Bravo. “In concert with management, we believe we’ve done that. The Company has added employees, grown into new markets and expanded its customer base; and it is well-positioned for long-term success.”
“Our partnership with Thoma Bravo has been very successful,” said Dan Castles, Telestream’s president and CEO. “Their thoughtful strategy and operating expertise has allowed us to position the company for further success, and we’re excited about our next phase of growth.”
Goodwin Procter LLP served as legal advisor to Thoma Bravo for the transaction.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations and provide capital to support growth initiatives. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing more than $7.5 billion of equity commitments. For more information, visit www.thomabravo.com.
About Telestream
Telestream provides world-class live and on-demand digital video tools and workflow solutions that allow consumers and businesses to transform video on the desktop and across the enterprise. Many of the world’s most demanding media and entertainment companies as well as a growing number of users in a broad range of business environments, rely on Telestream products to streamline operations, reach broader audiences and generate more revenue from their media. Telestream products span the entire digital media lifecycle, including video capture and ingest; live and on-demand encoding and transcoding; captioning; playback and inspection, delivery, and live streaming; as well as automation and orchestration of the entire workflow. Telestream corporate headquarters are located in Nevada City, California. The company is privately held. For more information, visit www.telestream.net.
