Madison Dearborn Partners Purchases Majority Stake In QuickPlay Media

BY: 

Dave Forde
July 10, 2012

Madison Dearborn Partners LLC. has made a majority purchase of QuickPlay Media for approximately $100 million of the Toronto-based media company.  A limited number of minority shareholders including Toronto-based Difference Capital Inc. will remain part of the ownership.

“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.”

The company’s cloud-based OpenVideo platform manages more than 1.5 million content assets across more than 3,000 content providers, delivering video to more than 300 different device family profiles.

Join your peers!

Get news, tips and other industry news delivered into your inbox for FREE!

Related Stories:

Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


>