Acquisition

RNS Number : 2064Y

Ten Alps PLC

03 July 2008

 



Press Release

3 July 2008

Ten Alps plc

('Ten Alps' or the 'Group')

Ten Alps plc: Acquisition of Video Production Company:

Twenty First Century Media Limited 

Ten Alps plc, the factual media company, announces the acquisition of Twenty First Century Media Limited ('Twenty First Century'), a video production company based in Newcastle Upon Tyne with representation in Glasgow, Leeds and London.

The acquisition follows the success Ten Alps has achieved in expanding its capability in the growing market of online video production and it will strengthen further the ability to offer this service to the Group's existing 63,000 customer base.

Twenty First Century has produced high quality video content for a range of corporate and public sector clients including Nike, Sage, The NHS and The Prince's Trust. 

Ten Alps will pay up to £750,000 for Twenty First Century, being an initial £200,000 at completion with further payments to follow over the next two years against the delivery of certain tiered profit targets.

Twenty First Century will operate within the Communications division of Ten Alps, delivering added capacity to the online video operation launched in November 2007 as well as a bespoke, scalable production system where many projects can be cost-effectively managed and tracked online.

Adrian Dunleavy, CEO of Ten Alps' Communications division, said:

 'This is a first class entrepreneurial business in what we see as one of our fastest-growth markets. 

We've witnessed strong increases in demand for our video propositions in recent months across the B2B and public sectors. We are only scratching the surface of a potentially huge market and we welcome the additional resources and capacity that Twenty First Century Media will bring to us.

We are aiming for a market leading position in this fast developing sector and look forward to continued growth as we continue the roll out of video services to our customer base and open up other channels'

- Ends -

For further information, please contact:

Ten Alps plc
Alex Connock, CEO Jo Phillips, Director of Communications	Tel: [phone]
	www.tenalps.com

Collins Stewart, Nominated Adviser
Chris Wells / Mark Connelly	Tel: [phone]
	www.collins-stewart.com

Media enquiries:

Pelham PR
Alex Walters / Hugh Barker	Tel: [phone]
	www.pelhampr.com

 

END

 

 

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