Telestream Acquires EcoDigital, Formerly Front Porch Digital
Media archiving specialist formerly acquired and then sold by Oracle
This is a Press Release edited by StorageNewsletter.com on October 20, 2020 at 2:30 pmTelestream, LLC has announced its acquisition of EcoDigital (formerly known as Front Porch Digital).
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Telestream, a portfolio company of Genstar Capital, is a vertical market software business focused on the video space and is in media workflow orchestration, media streaming and delivery technologies.
The deal to acquire EcoDigital has been completed.
EcoDigital brings to market a Content Management Software (CMS) solution called Diva, which manages the archiving and retrieval of a customer’s assets. It automates the process and provides transcoding to and from the archive repository. The storage repository can be on-premise utilizing almost any vendors physical storage (online, nearline or deep storage on LTO tape) or in the cloud (Google, Microsoft, AWS, Alibaba or Oracle).
The overlap between Diva and Telestream’s Vantage Media Processing Platform highlights the potential efficiencies created by the company integration. EcoDigital has hundreds of customers and installations worldwide and there is a strong customer overlap with Telestream. Their primary customer base are broadcasters and content owners. Additionally, Diva software installations typically sit alongside Vantage systems that are providing transcoding of production media assets.
“At Telestream, we have always been about creating integrated solutions for our customers, to help them streamline their operations,” commented Dan Castles, CEO. “The acquisition of EcoDigital provides more workflow solutions, especially Vantage-related, which facilitate tighter integration for the production, archive and restoration of raw and finished assets. Once the integration is completed, our customers can be even more efficient in the management of their production assets.”
Additionally, EcoDigital’s cloud strategy is consistent with Telestream’s. Both companies are investing in the cloud and are cloud agnostic, enabling customers to choose the best cloud platform for their business needs. Also, both companies recognize that customers are going to be in a hybrid environment where both on-premise and cloud-based solutions co-exist and an integration with both is key.
“This company integration is entirely positive news for EcoDigital and our customers since the technology synergies between our two product ranges are considerable,” stated Geoff Tognetti, CTO, EcoDigital. “This integration has been well thought out – the end result will create greater efficiencies within customer operations and will be beneficial for their businesses.”
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Oracle Buys Front Porch Digital
In digital migration and content storage management
September 14, 2014 | Press Release
Oracle completed the sale of its Digital Media Solutions business and DIVA Content Storage Management product line to EcoDigital, a privately-held company based in Atlanta, GA, with previous experience in digital archiving technologies.
June 26, 2019