Posts Tagged ‘Verizon’

AT&T acquires QuickPlay Media

Analysis, Broadcast Vendor M&A | Posted by Josh Stinehour
May 16 2016

AT&T announced today its intention to acquire Quickplay Media, a managed service provider for multi-screen distribution.  Transaction terms were not disclosed.  The deal is expected to close in mid-2016 with AT&T planning to retain more than 350 employees from the Quickplay team.

The acquisition is pending review of the Hart-Scott-Rodino Act in the US and the Competition Act in Canada.  The transaction size threshold for triggering a Hart-Scott-Rodino-Act review is $78 million, so the transaction is at least greater than $78 million – though likely more.

Quickplay had raised more than $195 (CAD) million of capital across six rounds of fundraising.

Private equity firm Madison Dearborn took a majority stake in the business in July 2012 with an investment of approximately $100 million and then subsequently led a March 2015 round of financing for an additional $57 million of capital.

Earlier rounds of series B, C, and D fundraising had raised a combined $37.7 million and included institutional investors General Catalyst Partners, JLA Ventures, and Ventures West.

Quickplay is headquartered in Toronto, with a significant presence in the San Diego area based on its acquisition of network operations center assets from the former Flo TV business in July 2011.  More recently in March 2015, Quickplay had acquired Roundbox, a technology provider for optimizing video applications over mobile networks.

The acquisition builds on an existing partnership between AT&T and QuickPlay.  Quickplay was already supporting AT&t U-verse TV Everywhere offering.  The press release announcing the transaction cited the intention for Quickplay to support the upcoming DirecTV streaming offers of DirecTV Now, DirecTV Mobile, and DirecTV Preview.

Quickplay also supports several other large video distributors including Bell, HOOQ, Rogers Communications, Verizon, and Vodafone.

Commenting on the Quickplay acquisition, John Stankey, CEO, AT&T Entertainment Group stated, “Quickplay’s multitenant IP distribution infrastructure, combined with AT&T’s leading scale in IP connected end points, will allow us to host and distribute all forms of video traffic. We intend to scale and operate an industry-leading video distribution platform, and viewers will get the high-quality online video viewing experience they desire.”

Founder and CEO of Quickplay, Wayne Purboo was quoted in the press release, as follows, “We’ve spent more than a decade developing an advanced technology and service platform that can deliver premium video content to any device and over any network. Our solution is highly automated and scalable. With AT&T, we’ll have the resources we need to further scale, grow the business, and continuously enhance that platform.”

This acquisition follows other purchases of video technology suppliers by large Telecom organizations, including the recent purchase of Volicon by Verizon and the purchase of Ooyala by Telstra.

 

Related Content: 

AT&T Press Release: Acquisition of Quickplay Media

 

 

© Devoncroft Partners 2009 – 2016. All Rights Reserved.

 

 

Verizon DMS Announces Acquisition of Volicon

Analysis, Broadcast Vendor M&A | Posted by Josh Stinehour
Mar 16 2016

Verizon Digital Media Services announced an agreement to acquire Volicon, a provider of compliance monitoring solutions for the broadcast industry.  Financial terms of the deal were not disclosed.

The acquisition of Volicon adds to Verizon Digital Media Services previous acquisitions in the media technology sector of upLynk in November 2013 and Edgecast Networks in December 2013.

The press release announcing the transaction offered background on the rationale for the acquisition.  Verizon Digital Media Services President Bob Toohey stated, “Volicon’s role as a trusted provider to more than 1,200 broadcast and video operators around the world, combined with deep expertise in video monitoring and analysis, will improve visibility, transparency, and quality of our clients content and ads over our global delivery footprint.”

Commenting on the acquisition, Volicon Founder and CEO Eli Warsawski said, “This undertaking represents a strategic opportunity for our products to evolve and for our customers to greatly benefit.”

Volicon was founded in 2005 and had raised approximately $2 million dollars in two separate fundraising rounds.

 

Related Content:

Verizon DMS Press Release on Acquisition

 

 

© Devoncroft Partners 2009 – 2016. All Rights Reserved.

 

 

 

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