Telestream

Telestream Selects the SOFTRAX Revenue Management System

Retrieved on: 
Wednesday, November 8, 2023

SOFTRAX , a leading provider of cloud-based revenue management solutions, today announced that Telestream, the global leader in workflow automation, media processing, and video quality, has selected the SOFTRAX Revenue Management System (RMS).

Key Points: 
  • SOFTRAX , a leading provider of cloud-based revenue management solutions, today announced that Telestream, the global leader in workflow automation, media processing, and video quality, has selected the SOFTRAX Revenue Management System (RMS).
  • Telestream is using SOFTRAX RMS to automate complex revenue recognition processes, meet ASC 606 and IFRS 15 mandates, and eventually streamline billing for services offerings.
  • Telestream sought a solution to automate complex revenue recognition that included managing proportional allocations against Stand-Alone Selling Price (SSP).
  • “The company wanted a revenue management system that would give it the automation it needed and allow it to grow for new business models, and they found both with SOFTRAX.”
    The SOFTRAX Revenue Management System offers a single platform to manage all forms of billing, contract renewal, and revenue recognition.

The Next Evolution of Wirecast: Introducing A New Intelligent Virtual Assistant, Powered by Generative AI Technology

Retrieved on: 
Monday, October 16, 2023

This new generative AI-powered feature provides real-time feature walkthroughs, technical advice, and tailored troubleshooting in multiple languages.

Key Points: 
  • This new generative AI-powered feature provides real-time feature walkthroughs, technical advice, and tailored troubleshooting in multiple languages.
  • Imagine a Wirecast expert, available anytime, providing quick answers so creators can continue and enhance their work uninterrupted.
  • “We’re really excited about the new AI element of Wirecast and the rapid responses it offers users.
  • “This is just the beginning for Telestream – we see countless opportunities for AI and Machine Learning across our entire portfolio.

Genstar Announces 2023 Team Promotions

Retrieved on: 
Wednesday, March 8, 2023

SAN FRANCISCO, March 8, 2023 /PRNewswire/ -- Genstar Capital, a leading private equity firm focused on investments in targeted segments of the industrials, software, financial services and healthcare industries, today announced the promotion of several team members – Ben Marshall to Managing Director; Deryn Jakolev and Chong Ni to Principal; and Carson Ewanich to Vice President, Investor Solutions.

Key Points: 
  • Mr. Marshall originally joined Genstar Capital in 2010 as an Associate and re-joined the firm in 2014 after receiving his M.B.A. from the Harvard Business School.
  • Prior to joining Genstar, he worked as an investment banking analyst at Peter J. Solomon.
  • Mr. Marshall currently serves on the Boards of Genstar portfolio companies AWL, Arrowhead Engineered Products, ConnectiveRx, Mercer Advisors, and Telestream.
  • Mr. Ni joined Genstar in 2019 as Vice President and prior to joining Genstar Capital was an Associate at Gryphon Investors.

Telestream Announces CEO Transition

Retrieved on: 
Tuesday, February 14, 2023

Bassett-Spiers succeeds Dan Castles who will retire from the CEO role and remain with the company through April 2023 to aid in the transition of Ms. Bassett-Spiers into her new role.

Key Points: 
  • Bassett-Spiers succeeds Dan Castles who will retire from the CEO role and remain with the company through April 2023 to aid in the transition of Ms. Bassett-Spiers into her new role.
  • Castles, the company’s founding CEO, returned to the CEO position in January 2020 from the Board of Directors to lead the Company’s recent phase of accelerated growth.
  • During his most recent tenure as CEO, Telestream has completed five acquisitions to expand its leadership across the media supply chain while meaningfully expanding the company’s ability to support customer workflows as they transition to the cloud, delivered consistent revenue growth, and strong profitability.
  • I want to thank Dan for his leadership since returning into the role of CEO in January 2020 to guide Telestream through its most recent phase of accelerated growth while positioning the company for continued success moving forward,” said Eli Weiss, Managing Partner of Genstar Capital which acquired Telestream.

Wasabi Technologies Expands Low-Cost Cloud Storage Solutions for Media Archives with Support for Telestream DIVA

Retrieved on: 
Tuesday, October 18, 2022

Wasabi Technologies , the hot cloud storage company , today announced the integration of its cloud storage service with Telestream DIVA, the worlds leading and most trusted object management system for digital media, allowing users to quickly and safely transfer media assets from their on-premises storage systems to Wasabi for highly secure cloud storage that is instantly accessible from any location.

Key Points: 
  • Wasabi Technologies , the hot cloud storage company , today announced the integration of its cloud storage service with Telestream DIVA, the worlds leading and most trusted object management system for digital media, allowing users to quickly and safely transfer media assets from their on-premises storage systems to Wasabi for highly secure cloud storage that is instantly accessible from any location.
  • The combination of Telestream DIVA and Wasabi solves the requirements media entertainment companies demand with fast, secure, and cost-effective policy-based management and movement of media assets across LTO tape-based archives, on-premises storage, and low-cost Wasabi hot cloud storage.
  • Wasabis singular focus on cloud storage ensures Media and Entertainment partners like Telestream can enable high-performance hybrid storage environments at a reasonable price for their digital media customers, said Whit Jackson, Vice President of Media & Entertainment at Wasabi.
  • Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi is a privately held company based in Boston.

LucidLink, AJA, and Telestream Simplify Workflows for Media & Entertainment Companies to Work from Anywhere, in Tandem

Retrieved on: 
Thursday, September 1, 2022

SAN FRANCISCO, Sept. 1, 2022 /PRNewswire/ -- LucidLink, a global leader in remote collaboration software for creative teams, announced with AJA Video Systems and Telestream the fastest way to access, organize and view data in one easy workflow. LucidLink Filespaces, an award-winning SaaS-based solution, provides rapid access to data through AJA Diskover Media Edition in conjunction with Telestream GLIM and the Vantage platform. LucidLink serves as a central hub uniting what is typically two disparate systems creating seamless workflows never before feasible for media professionals.

Key Points: 
  • LucidLink Filespaces , an award-winning SaaS-based solution, provides rapid access to data through AJA Diskover Media Edition in conjunction with Telestream GLIM and the Vantage platform.
  • LucidLink serves as a central hub uniting what is typically two disparate systems creating seamless workflows never before feasible for media professionals.
  • LucidLink, AJA, and Telestream Simplify Workflows for Media & Entertainment Companies to Work from Anywhere, in Tandem
    "We are excited to be showing this powerful solution for media professionals at IBC 2022," said Rupert Watson, LucidLink's Director of Alliances and Channels, EMEA.
  • AJA Diskover Media Edition removes the hurdles associated with data management, helping industry professionals work more efficiently and make more informed data decisions.

Telestream Integrates with Verimatrix Streamkeeper Multi-DRM, Emphasizes Video Quality Monitoring and Analytics

Retrieved on: 
Monday, August 29, 2022

Through the integration, Telestream further builds on its innovative offerings for the digital video industry which include workflow automation, media processing, and quality monitoring solutions for the production and distribution of video.

Key Points: 
  • Through the integration, Telestream further builds on its innovative offerings for the digital video industry which include workflow automation, media processing, and quality monitoring solutions for the production and distribution of video.
  • Telestreams integration with Streamkeeper Multi-DRM allows users to capitalize on Verimatrix s cost-effective cloud-based solution while maintaining full visibility into video and audio content quality.
  • Verimatrix Streamkeeper Multi-DRM delivers studio endorsed best practices for content protection, with meticulous focus on ensuring superior video viewer experiences.
  • Telestreams video quality monitoring solutions are trusted worldwide to provide video service assurance and operational visibility for valuable live and on-demand video services.

Telestream Acquires Encoding.com

Retrieved on: 
Tuesday, May 17, 2022

Over Encoding.coms 13-year history, the company has generated significant traction powering video supply chains for leading streaming platforms, content distributors, and web-based VOD platforms, said Dan Castles, CEO at Telestream.

Key Points: 
  • Over Encoding.coms 13-year history, the company has generated significant traction powering video supply chains for leading streaming platforms, content distributors, and web-based VOD platforms, said Dan Castles, CEO at Telestream.
  • Being cloud-native from inception, the technology fits perfectly within the strategic direction at Telestream to offer our customers the ultimate flexibility to meet their most demanding workflow needs across cloud, on-prem or hybrid environments.
  • For nearly 25 years, Telestream has been at the forefront of innovation in the digital video industry.
  • Telestream is privately held with corporate headquarters located in Nevada City, California and Westwood, Massachusetts.

Jumio Announces Susan Walker as Chief Financial Officer

Retrieved on: 
Tuesday, May 10, 2022

Jumio , the leading provider of orchestrated end-to-end identity proofing, eKYC and AML solutions, today announced the addition of Susan Walker as chief financial officer.

Key Points: 
  • Jumio , the leading provider of orchestrated end-to-end identity proofing, eKYC and AML solutions, today announced the addition of Susan Walker as chief financial officer.
  • Before that, she was CFO at video software firm Telestream and KYB firm Avention through its sale to Dun & Bradstreet.
  • Jumio is entering a new phase of growth and development and we are delighted to welcome Susan at such a critical moment in the companys evolution, said Robert Prigge, Jumio CEO.
  • Jumio is a leader in the identity market with well-established technology, and I see extreme value in the companys mission to eradicate online fraud, Walker said.

Telestream Signs Enterprise-Wide Agreement with Sinclair Broadcast Group to Provide Multiple Products and Cloud Services

Retrieved on: 
Monday, April 25, 2022

Sinclair is using the Telestream Vantage Media Processing Platform for both cloud and on-prem media transformation and orchestration workflows with DIVA and Kumulate content management products for archival and media sharing workflows.

Key Points: 
  • Sinclair is using the Telestream Vantage Media Processing Platform for both cloud and on-prem media transformation and orchestration workflows with DIVA and Kumulate content management products for archival and media sharing workflows.
  • Sinclair is centralizing the reception and processing of all commercials, syndicated programs, paid programs, and promotions for all of their 600+ channels.
  • To accomplish this, Sinclair has chosen Vantage and Vantage Cloud Port which will centrally receive and process content for their entire group within Sinclairs public cloud environment.
  • We're leveraging a cloud-native and dynamic services architecture to ingest, QA, prep, transcode and distribute content.