Thoma Bravo To Reel In Top Digital Media Provider

Law360, New York (December 21, 2011, 8:21 PM EST) -- San Francisco-based private equity firm Thoma Bravo LLC has agreed to purchase digital workflow solutions company Telestream Inc. for an undisclosed amount in an effort to encourage growth and help the company expand to new markets, the entities announced Wednesday.

Telestream provides video encoding and transcoding tools for major media and entertainment companies such as CNN, Comcast Corp. and MTV Networks. For Thoma Bravo, which invests mainly in the software and service sectors, the transaction is a way to capitalize on reports that the global multi-format...
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