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Releases
Ygnition Networks Completes Acquisition of
Central Florida TVMAX Assets
Ygnition expands presence in Florida; Names Jay Hartz as Market Manager for
Southeastern US.
Ygnition Networks, a leading provider of broadband services to the multifamily
real estate industry, today announced the purchase of certain TVMAX Central
Florida Cable TV and High Speed Internet assets. The acquisition includes
the Service Agreements and equipment serving approximately 5,500 apartment
units.
Seattle based Ygnition provides Cable Television, High Speed Internet, and
Digital Voice solutions to over 150,000 apartment units throughout the United
States. These apartment communities are owned and operated by some of the
largest and most high profile property management companies, REITs and
private owners in the country. The company also provides business customers
with low-cost point-to-point T-1 data circuits and T-1 Internet circuits
nationwide.
Recent acquisition activity has positioned Ygnition as one of the largest
providers specializing in delivering communication services to the MDU
industry, and the major growth company in this sector. Over the course of
the past four years, Ygnition has purchased the network assets of numerous
service providers and integrated those assets into one network that is
capable of delivering a full suite of communication services to consumers
living in communities throughout its operating footprint.
This acquisition was facilitated by the Ygnition's recent announcement of a
$13 million dollar D round financing led by Advanced Equities of Chicago.
"We remain active in seeking other acquisitions that build economies of
scale in our core markets" stated Glenn Meyer, CEO of Ygnition,
"The Florida market is a great opportunity for continued growth."
In addition, Ygnition named Jay Hartz as Market Manager responsible for
operations in its Southeastern markets.
About Ygnition Networks, Inc.
Ygnition is a leading provider of communication services to the real estate
industry. The company is headquartered in Seattle, Washington and maintains
regional offices in Walnut Creek, California, Dallas and Houston, Texas.
For more information, please visit
www.ygnition.com or by telephone at
206-574-5460.
Ygnition Networks Contact:
Glenn Meyer
Ygnition Networks, Inc.
(206) 574-5480
gmeyer@ygnition.com
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