VITAC Corporation Announces New Investors
Canonsburg, PA (PRWEB) February 03, 2016 -- VITAC Corporation, the country’s largest provider of closed captioning and accessible media solutions to clients in the media and entertainment, education, corporate and government sectors, announced that the company is transitioning to a new owner, The Gores Group, effective February 1. The Gores Group is a leading, Los Angeles-based investment firm.
VITAC has built a strong reputation for quality captions, dedicated service, unparalleled reliability and customized client solutions. The company, which is celebrating its 30th anniversary next month, offers FCC-compliant live and prerecorded captioning in English and Spanish, video description, and digital media services, and will caption a record 300,000 hours of live and pre-recorded television and online content in 2016.
“We look forward to our partnership with The Gores Group,” said Pat Prozzi, VITAC’s President and CEO, “The resources they provide ensure that our focus on our customers’ needs can continue unabated as we grow and provide service to an ever-changing marketplace.”
Chris Crowell, Managing Director for The Gores Group, added, “VITAC’s reputation for providing quality captioning services is unmatched in its industry. We look forward to working with Pat and her talented team to ensure that VITAC continues to offer its customers best-in-class services.”
About VITAC Corporation
VITAC Corporation is the nation’s largest provider of closed captioning and other accessible media services. VITAC provides live and prerecorded captioning solutions in English and Spanish, video description and digital media services for broadcast networks, cable TV, online video, and teleconferences worldwide. Among the company’s largest clients are NBC Universal, Discovery Networks, BBC America, CNN, C-SPAN, FOX, Turner Broadcasting, Warner Bros. Television, and the Federal Government. VITAC was founded in 1986, is headquartered in Canonsburg, PA. Its leaders hold long tenure in the accessible media industry, and the company currently employs over 325 people.
About The Gores Group, LLC
The Gores Group, founded in 1987 by Alec Gores, is a global investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. Over its 25+ year history, The Gores Group has become a leading investor having demonstrated a reliable track record of creating value in its portfolio companies alongside management. Headquartered in Los Angeles, The Gores Group maintains offices in Boulder, CO, and London. For more information, please visit http://www.gores.com.
Heather York, VITAC, http://www.vitac.com, +1 301-881-7534, [email protected]
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