Telestream Acquires CPC; Adds Captioning to Portfolio
Telestream has completed the acquisition of software company, CPC, adding a critical captioning functionality to its current and long-term product strategies. Telestream’s transcoding, workflow automation, live streaming and web publishing products will all benefit from the addition of CPC’s technology and market leadership.
“CPC is a recognized leader in captioning for television and the Web, whose customers include media and entertainment companies, educational institutions, and houses of worship,” says Dan Castles, CEO at Telestream. “Our customers at all levels need tools to author and distribute captioning in a more integrated way. This is a natural extension of what we do, and we look forward to integrating CPC’s world-class technology into all of our products.”
Content producers and distributors are all facing increasing demands to caption their content for broadcast, web and mobile distribution. Regulations throughout the world – such as the Twenty-First Century Communications & Video Accessibility Act in the U.S. – are mandating captioning of content for today’s growing number of viewing platforms.
“Closed Captioning services are no longer relegated just to the linear television broadcast,” observes Ken Brady, SVP Media Technology and Operations at Turner Broadcasting System, Inc. “Our content is consumed on mobile, broadcast, and broadband, and we constantly strive to make our captioning services available and accessible on any medium our viewers choose. Turner both creates and welcomes innovation in this important segment of our viewership.”
The acquisition adds products like MacCaption for the Mac and CaptionMaker for Windows to Telestream’s portfolio. The addition of CPC’s team grows Telestream’s dedicated group of experts focused on creating solutions for tomorrow’s media. Further, Telestream brings its broad sales distribution and support and the ability for CPC products to scale more rapidly within current and new markets.