Who Just Bought PacTV?
There's been an ownership switch at Pacific Television Center (PacTV).
Video solutions service provider THE SWITCH has acquired Pacific Television Center , a U.S.-based transmission and live production provider with an extensive international network andglobal presence.
To help fund the acquisition, THE SWITCH has announced an equity investment from True Wind Capital that will support the company's next phase of growth.
Themerger of PacTV with THE SWITCH gives PacTV customers access to THE SWITCH's transport network and opens new major markets for THE SWITCH's existing customer base, which is focused on Australia, France, New Zealand and Singapore.
Operating under THE SWITCH brand, the unified companies will offer a local, national and global service offering, including a customer-controlled fiber/satellite hybrid service in the coming weeks.
"Through this acquisition, we intend to continue to build upon the solid reputation and relationships PacTV has built within the international broadcast community," said Scott Beers , Chairman/CEO of THE SWITCH.
PacTV founder David Etherton added,"The marriage of our two companies will combine the power of rich fiber transport, with satellite and studio production resources, offering unparalleled global capability to our customers. I am truly excited for what lies ahead."
The combined company will continue to offer FiveNines Service, which includes its remote production solution Home Runs, as well as Inter-city on Demand (ICOD) transport, DownLinks on Demand satellite transport, and satellite transmission services, all of which will be available to customers over SwitchIT, THE SWITCH's award-winning, customer-control platform.
"THE SWITCH has established a world-class reputation by providing industry leading innovation and reliability in the broadcast video market," says Adam Clammer , Founding Partner of True Wind Capital. "True Wind is thrilled to support Scott and his team as they capitalize on numerous growth opportunities."
New Amsterdam Capital , management, and several existing shareholders invested alongside True Wind Capital.
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