Muiltiscreen video technology company QuickPlay has received US$100 million (€81 million) of investment from private equity firm Madison Dearborn Partners.
Under the deal, Madison Dearborn and QuickPlay employees will own the maojority of the US-based company.
QuickPlay provides managed service solutions media companies, including AT&T U-verse, Bell, Research In Motion (RIM), Rogers Communications, Samsung, SIRIUS XM Radio, Television Broadcasts Limited and Verizon. In June 2011, QuickPlay acquired the network operations center assets of FLO TV from Qualcomm. The company’s cloud-based OpenVideo platform currently manages more than 1.5 million content assets across more than 3,000 content providers.
“QuickPlay is at the center of one of the most exciting and promising areas in the media and technology services industry, and we are very pleased to make this investment,” said Zaid Alsikafi, a managing director at Madison Dearborn Partners. “We have identified a number of growth opportunities for QuickPlay and we look forward to working with Wayne and the talented employees of QuickPlay to achieve them and enable QuickPlay to become a global leader in this space.”
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