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Quickplay, the global specialist in powering premium video to any device, has concluded its fiscal year and announced it can reach one billion addressable viewers via its managed video platform service. In response to increased demand for OTT video services globally, Quickplay has up-scaled its service platform to become one of the largest end-to-end managed service providers globally, giving rise to a 44 per cent growth in recurring revenue since July 2014.
Recent figures released by Quickplay show that consumer demand for Next Generation TV services continues to grow at an exceptional pace. Fiscal year-end results reflect sustained growth in managed services and increased scope and scale in the Quickplay platform to underpin new services and expansion into key markets.
Fiscal Year 2015 Business Highlights
– 65 per cent YOY gain in VoD hours and 25 per cent growth in linear OTT channels as the company secured content connections to 250 premium content providers covering Hollywood to Bollywood for clients such as AT&T, Bell, Rogers, TELUS, and Singtel.
– Introduced next-generation offer for content providers and publishers to reach audiences with premium services including OTT TV, innovative originated channels and managed broadcast operations, first launched with AccuWeather (with distribution through Verizon FiOS).
– Led market expansion into APAC region with addition of delivery centre in India – now home to 25 per cent of Quickplayers; bolstered by rollout of HOOQ – Asia’s new OTT service from Singtel, Sony Pictures Television and Warner Bros. Entertainment – in the Philippines, Thailand and India, with additional deployments slated into 2016.
– Secured $57 million (Canadian) in growth capital from private equity owner Madison Dearborn Partners, financing partner Orix Ventures and Difference Capital Financial in March 2015 to accelerate expansion strategy and footprint, further enhanced with the acquisition of Roundbox, a leading technology provider of the promising 4G LTE Broadcast technology.
“Disruption in the premium video industry has fuelled successive years of strong growth and business expansion for Quickplay and we see this accelerating; these figures highlight the value and scale of Quickplay’s global managed services. We will continue to strengthen our position by investing in platform enhancements, further build our partner ecosystem, and provide the most open, efficient, scalable, and robust solution in the market,” said Wayne Purboo, CEO and co-founder of Quickplay. “Our recent investments in our head-end and middleware as well as our acquisition of Roundbox will accelerate our ability to deliver exceptional value, speed to market, and operational agility for content programmers and operators with Next Generation TV solutions and leading-edge services such as 4G LTE Broadcast. We look forward to working with our customers and our market-leading partners in FY16.”