Quickplay raises C$57m
March 26, 2015
Quickplay, the global player in powering premium video to any device, has secured C$57 million (€41.5m) in growth capital from private equity owner Madison Dearborn Partners, financing partner Orix Ventures and Difference Capital Financial.
With more than C$150 million of total investment since the company’s inception in 2003, Quickplay now claims to be the largest end to end managed service provider, powering premium video over all networks and devices.
“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.”
With its recent investments, Quickplay will focus its long term strategy on reducing inherent industry inefficiencies in content delivery, and the monetisation of premium Live and On-demand video to the home and on-the-go, leveraging disruptive cloud economics to enable a new world of Next Generation TV.