Multiscreen and OTT video specialist QuickPlay has secured a C$57 million (€42 million) investment from private equity owner Madison Dearborn Partners, financing partner Orix Ventures and Difference Capital Financial.
The latest round of financing means that QuickPlay has benefited from over C$150 million in investment capital to date. The company recently acquired LTE Broadcast specialist Roundbox to enable it to tap into delivery of video over mobile networks via the eMBMS multicast technology.
“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,” said Wayne Purboo, CEO and co-founder of Quickplay. “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.”