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.
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.