Vertical Television, Inc. “VTV” purchased the television assets of Cypress Communications, Inc., an Atlanta based telecommunications provider.
Consisting of over 300 recurring customers in 70 office buildings in 10 U.S. markets, this transaction increases VTV’s portfolio to over 500 recurring commercial office customers in over 140 commercial office properties. VTV plans to upgrade these new systems offering additional services including high definition and enhanced video integration services. Bill Shiverick, VTV’s President and co-founder, remarked “This is a very unique portfolio of assets and one that fits very nicely within the VTV network. Understanding these systems, customers, and landlords as well as we do, we feel like we can re-focus this business and offer a deeper product line to these customers.”
Genesis Capital, L.L.C. acted as exclusive advisor to VTV for the transaction.
About Vertical Television, Inc.
Founded in 2002, VTV serves the commercial office market with a variety of professional audio, video, integration, and hardware services. By focusing exclusively on the commercial office market, VTV has created a network of satellite delivery assets in over 30 US markets serving a wide variety of commercial office customers ranging from small businesses to Fortune 100 national clients with satellite television, integration, and installation services.