Quickplay has concluded its fiscal year with the announcement that 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.
The company has reported 65 per cent year-on-year gain in VoD hours and 25 per cent growth in linear OTT channels as it secured content connections to 250 content providers for clients such as AT&T, Bell, Rogers, TELUS, and Singtel.
Quickplay has expanded in the APAC region with the addition of a 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.
Other highlights of the year include Quickplay securing $57 million (Canadian) in growth capital from private equity owner Madison Dearborn Partners, financing partner Orix Ventures and Difference Capital Financial in March 2015. The company also acquired Roundbox, a 4G LTE Broadcast technology provider.
“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 (pictured), 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.”