Telestream, a provider of video transcoding and digital media software solutions, revealed on Wednesday that it has entered into an agreement to be acquired by private equity investment firm Thoma Bravo LLC.
Financial details were not disclosed.
This investment in the company is expected to facilitate growth within Telestream’s core businesses, in addition to providing capital for further market expansion and acquisitions.
Following the acquisition by Thoma Bravo, Telestream will continue to operate independently with its existing management teams continuing their current roles. Its headquarters will remain in Nevada City, California, with offices in Virginia, Sweden and Germany.
The transaction is expected to be completed in early January 2012.