Ten Alps PLC purchases video production company
Ten Alps PLC has acquired video production company, Twenty First Century Media Limited.
The company, which has offices in Glasgow, Leeds and London as well as its headquarters in Newcastle, has produced video content for clients such as Nikes, Sage, The NHA 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”