Telestream today announced that it has completed the acquisition of Popwire from Teleca, a telecommunications leader. The acquisition adds the products, technologies and employee resources of Swedish-based Popwire to those of US-based Telestream, Inc., a privately held company. Effective immediately, Popwire will operate as Telestream AB, a wholly-owned subsidiary of Telestream, and will continue to be located in Sweden. “Popwire includes incredibly talented individuals and extremely well-engineered products which fit nicely with our existing Flip4Mac and Workgroup and Enterprise product offerings,” said Dan Castles, CEO of Telestream. “Telestream is an excellent fit for both Popwire employees and our products,” said Oskar Boding, Business Unit Manager of Popwire (now Telestream AB). Telestream’s experience in broadcast and successful global commercialization will provide tremendous leverage for our product offerings. This also broadens availability of our products for workgroup and enterprise customers as well as for the increasing number of Mac OS X professionals around the world.”
