Telestream Defies the Economy with Record Growth and Major New Products
Record-breaking Q1 sales and major new encoding, transcoding, live webcasting and workflow automation solutions fuel significant business momentum
Las Vegas, the NAB Show™, April 11, 2010 – Telestream, a leading provider of digital media tools and workflow solutions, arrived at the NAB Show™ this week with three major new products and record-breaking revenue growth. Despite a volatile economy, Telestream cited Q1 2010 as the most successful quarter on record. Revenues for enterprise products were up 25% for the first quarter over the previous year, and desktop products finished with strong 45% growth. This follows more than a decade of strong, double-digit consecutive annual revenue growth. Today, more than 80% of the top broadcast station groups, media companies and Fortune 100 companies, along with millions of consumers rely on Telestream products. With the burst of new products being introduced at the NAB Show, Telestream’s customers and business will be further augmented.
“Building on our strength of growth and products, we are continuing to offer innovative new solutions to better meet the needs of our customers and to help build the digital media world of the next decade,” said Dan Castles, CEO of Telestream. “We are launching major new products in our core file-based product areas, as well as a key new product for the live webcasting market. This follows two years of intense research and development, an acquisition to further expand our offerings, two global leadership awards in the video transcoder market in 2009, all topped by record first quarter sales and profitability.”
Telestream’s new products address major challenges and opportunities in the video industry. As companies continue to face cost reductions, declining revenues from traditional distribution channels, and the need to support a growing number of new channels, Telestream brings products to NAB that address all these needs. The new Telestream solutions improve operational efficiency, help facilitate the migration to IT and open doors to new business opportunities, including in the live streaming space.
New Products Make their NAB Debut
• Vantage™ is a major new enterprise-class workflow design and automation software solution that revolutionizes video capture, transcoding, metadata processing, analysis, graphics assembly and video file management in IT video environments.
• Vantage™ Transcode is a powerful, affordable enterprise-class server transcoder. Built on the award-winning FlipFactory® transcode engine, Vantage Transcode offers the industry’s broadest and deepest file format support for broadcast, cable, edit, web, mobile, VOD, and IPTV workflows.
• Episode® 6 is an industry-first, cross-platform, desktop-to-server software that takes video encoding to the next level by allowing users to pool resources to share encoding work across multiple computers in a mixed environment of Macs and PCs.
• Wirecast™ live webcasting software features a major 4.0 release and new Wirecast Pro product that allows anyone to easily create real-time or on-demand professional video broadcasts for the web.
Existing Products: Record Sales and New Features
FlipFactory, which until today has been Telestream’s flagship video transcoding and workflow product, achieved its highest sales on record in March 2010. Telestream continues to support FlipFactory with active product development. New features include support for Pitch Blue HD syndication delivery service with full Dolby E and closed caption support. Support is also added for Levels Beyond Inc. Reach Engine media platform, the new Pathfire HD DMG for syndication, and DG FastChannel SpotBox for ad delivery. Additional new spot delivery service support includes ExtremeReach, FastForward Digital, OnTheSpot Media, Radiance, Spot Genie, Hula and Yangaroo. New format support includes AVC Intra encode and decode for Panasonic P2 and Omneon Spectrum, JPEG-2000 for 360 Systems MAXX HD server, plus iPhone segmented file creation.
Telestream Pipeline™ network-based video capture devices also achieved record sales in the first quarter 2010. The product includes new playout-to-tape capability and full integration with Image Communications Compusat software. Footage from In Performance at the White House, a PBS program which was captured with Pipeline in February, is being featured in demonstrations at Telestream’s NAB booth SL3614.
NAB Show and Conference Participation
Telestream Sr. Product Manager, John Pallett, is presenting a technical paper "Automating Workflows: Where's the ROI?" at the Broadcast Engineering Conference session Television Workflow and File Management on Tuesday, April 13 at 1:00 pm. in room S228, Las Vegas Convention Center (LVCC).
Telestream Pipeline HD video capture system is being demonstrated by Producer/Director/Editor, Mitch Jacobson at the World Post Production Conference Keynote in room N250 on Monday, April 12, as well as during In-Depth sessions: Multi-Camera Editing on Saturday April 10 and Concert Workflows on Tues April 13.
Telestream Wirecast is being used to stream daily web broadcasts from the NAB show on Post Live via UStream.tv at www.postmagazine.com and www.filmmakingcentral.com – and by host Mitch Jacobson on NAB 2010 Special Reports via Livestream at www.editorsguild.com.
Telestream products are being featured and demonstrated at Telestream NAB booth SL3714; Streaming Media East booth 313; a series of webinars and roadshows; see www.telestream.net/events for details. More information is available at www.telestream.net.
Trademarked company and product names are the property of their respective companies.
Telestream provides world-class live and on-demand digital video tools and workflow solutions that allow consumers and businesses to transform video on the desktop and across the enterprise. Many of the world’s most demanding media and entertainment companies such as CBS, BBC, CNN, FOX, CBC, Comcast, Direct TV, Time Warner, MTV, Discovery, and Lifetime, as well as a growing number of users in a broad range of business environments, rely on Telestream products to streamline operations, reach broader audiences and generate more revenue from their media. These companies choose to work with Telestream as they know they will get a trusted and highly skilled technical partner.
Telestream products span the entire digital media lifecycle, including video capture and ingest; live and on-demand encoding and transcoding; playout, delivery, and live streaming; as well as management and automation of the entire workflow. The company also partners closely with the industry’s leading digital media companies across the entire digital media lifecycle, from consumer to enterprise. Telestream corporate headquarters are located in Nevada City, California. The company is privately held. For more information on Telestream and Wirecast, please visit www.telestream.net. For press images, logos, screen shots and corporate materials, visit www.telestream.net/presskit .