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.