Toronto-based Quickplay has secured $57-million in funding to further expand its growth in the OTT (over-the-top) video market. The funding was made possible by private equity firm Madison Dearborn Partners, Orix Ventures, and Difference Capital Financial. This brings the total investment into Quickplay to $150 million since it launched in 2003.
Wayne Purboo, CEO and co-founder of Quickplay, said, “We have enjoyed successive years of high growth with our managed services, building a unique position that continues to disrupt the market. Quickplay is reaching a scale that makes our platform the natural choice for multichannel video programming distributors (MVPDs) and Content Providers to connect. We are thrilled with the confidence shown in the potential of Quickplay with this financing – we will focus heavily on key investments that further accelerate our growth, and contribute to the success our current and future customers.”
Quickplay has operations located in Toronto, San Diego, Singapore, Chennai, and Frankfurt, is now “powering TV over any device” and claims to be the largest end to end managed service provider. The company has agreements with AT&T in the United States, Rogers, Bell and TELUS in Canada, and a number of other high profile network operators around the world.