Media 100 is to buy Wired, a company that produces MPEG streaming-media production tools for the Internet and DVD authoring.

Media 100, which makes the MediaCleaner, iFinish and Media 100 digital video product lines has entered into a “definitive agreement” to buy Wired’s assets. Terms of the agreement were not announced.

Wired tools, such as Digital Media Press and FireWired DV, deliver real-time encoding, transcoding and decoding (playback) of MPEG video streams.