THE SWITCH Acquires Pacific Television Center and Partners with True Wind Capital
November 7, 2016
LOS ANGELES—November 7, 2016—THE SWITCH, North America’s leading video solutions service provider, has acquired Pacific Television Center, Inc. (PacTV), a U.S. based transmission and live production provider with an extensive international network, a global presence, and a well-established customer base. Concurrent with this acquisition, THE SWITCH has announced an equity investment from True Wind Capital that will support the company’s next phase of growth.
The combined company allows PacTV’s customers access to THE SWITCH’s highly advanced transport network and opens new major markets for The SWITCH’s existing customer base including: Australia, France, New Zealand and Singapore. Operating under THE SWITCH brand, the unified companies will offer an unrivaled local, national, and global service offering, including a customer-controlled fiber/satellite hybrid service in the very near future.
“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 and Chief Executive Officer of THE SWITCH.
"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,” said David Etherton, Founder of PacTV.
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.
True Wind Capital’s investment will allow THE SWITCH to accelerate its vision and expansion roadmap. “We are excited to partner with True Wind to address the ever growing needs of our customers,” said Beers, “and to benefit from their strategic and operational expertise built through their tenured careers of technology investing.”
“THE SWITCH has established a world-class reputation by providing industry leading innovation and reliability in the broadcast video market,” said 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.