Telestream says 12 years of double-digit growth to continue as broadcasters look for ways to cut costs
A dozen years of double-digit growth has encoding specialist Telestream in some heady corporate company, and, the company says, the drive to automate in the broadcasting industry is likely to keep that streak alive next year. The Nevada City, Calif. company says the last quarter saw revenue for enterprise products shoot up some 25 percent compared to the first quarter last year and desktop product revenue increase 45 percent on the back of solid sales and new products.
"This tough economy has brought customers to us," he said. "They have to automate, and they have to pull costs out [of their operations] for survival," said Telestream CEO Dan Castle.
But the company isn't planning to sit on its past wins, introducing a trio of new products at NAB, including a system--Vantage--designed to automatically manage video capture, transcoding, metadata processing, analysis, graphics assembly and video file management. It's also announcing a transcoder based on the FlipFactory transcoding engine and designed for enterprise, specifically for broadcast, cable, web, mobile, VOD, and IPTV workflows.
Also being introduced is it's new video encoding platform, Episode, which allows users in a mixed Mac/PC environment to spread encoding work across multiple computers.