Wikipedia
FlipFactory
FlipFactory from Telestream is a video transcoding and workflow automation application. It enables the transfer of media and metadata files between professional video systems, including catch servers, broadcast servers, edit systems, streaming and distribution servers, storage area networks and digital asset management systems.
FlipFactory is used by News Digital Media, and Australian News Corp, to do all their video transcoding. BBDO New York also uses FlipFactory from Telestream to help them go tapeless.