Friday, September 25, 2009

Telestream Recognized as a Top 10 "Innovation All-Star" as Part of the 2nd Annual New California 100 Conference


Telestream has been recognized as one of ten 2009 California Innovation All-Stars and was honored at the 2nd annual New California 100 conference on September 22 in Sacramento. The New California 100 conference is a joint effort of Golden Capital Network and Hamilton Lane. The All-Star Awards are officially endorsed by the California Business, Transportation and Housing Agency. The Innovation All-Stars are receiving special honors as a special subset of the New California 100 companies as they exemplify some of the most innovative companies in the state, representing California's commitment to innovation, entrepreneurship, and workforce competitiveness.

"California is a leading region in the world for technological innovation, so to be considered among the top ten companies this year is very meaningful to us," said Dan Castles, CEO of Telestream. "Receiving this award validates our continuous focus on innovation and fuels our motivation to keep pursuing this approach."

The companies were selected from over 400 nominations from throughout the State of California to receive this prestigious recognition. The All-Star selection committee was comprised of angel investors, venture capitalists, successful entrepreneurs, and conference sponsors. The selected ten businesses were recognized during a luncheon awards ceremony on September 22, 2009 at the New California 100 Conference in Sacramento's Sheraton Grand Hotel.

"These innovators are powerful job-creating machines," said Jon Gregory, CEO/President of Golden Capital Network. "We believe innovation and entrepreneurship are the drivers of economic growth in California and these Innovation All-Stars are models for our state."

In addition to the ten Innovation All-Stars, 100 companies in total were recognized as part of the 2009 group of New California 100 companies. These businesses are market-leading technology companies who have been selected based on the uniqueness of their innovation, competitive advantages, and job and economic impact on California's economy now and into the future.