[SatNews] Video transcoding is an important element when it comes to digital media tool use.

To assist in furthering their work in this area, Telestream has completed an agreement to acquire the business operations of the Anystream division of Grab Networks. This acquisition will bring into play additional enhancements to Telestream's enterprise-class, filed-based, and live encoding solutions. Founded ten years ago, Anystream pioneered a solution for media companies looking to produce and transcode video to publish on the web with the introduction of their Agility® products. Once completed, the transaction will add a world-class engineering and support team, an East Coast office, and a key account sales team to Telestream’s worldwide business. The addition of Anystream’s seasoned team of professionals grows a dedicated, world-class group focused on automated multi-platform media publishing solutions within the Telestream family.