DivX Honored as One of the Fastest Growing Technology Companies in North America
DivX Prominently Ranked in Prestigious Deloitte & Touche Technology Fast 500 & Fast 50
SAN DIEGO, -- DivX, Inc. (Nasdaq: DIVX), a digital media company, announced that it ranked number 184 on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. In addition, DivX ranked in the top ten of the fastest growing companies in San Diego by Deloitte's Technology Fast 50, a ranking of the 50 fastest growing technology firms in San Diego.
DivX, Inc. is a digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. DivX(R) technology efficiently compresses digital video while ensuring the maximum visual quality. The company licenses its technology to manufacturers of DVD players, digital televisions, mobile phones, set-top boxes, digital still cameras, and other consumer electronics devices to allow users to create and watch content in a superior format. DivX, Inc. also offers tools to enable secure distribution of digital content by retailers, and provides product certification services and software tools which allow videos to be streamed from the PC or the Internet to a user's various consumer electronics devices.
"The Deloitte Technology Fast 500 ranks North America's fastest growing technology, media, telecommunications and life sciences companies," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate DivX on its ability to achieve such exceptional growth in one of today's most innovative and competitive market sectors."
"We are honored to receive recognition in Deloitte's Fast 500 and Fast 50 for the considerable growth that we have achieved and believe that it highlights our commitment to enable a broad ecosystem of consumer electronics devices to deliver a high-quality media experience," said Kevin Hell, Chief Executive Officer, DivX, Inc. "DivX is comprised of dedicated, passionate individuals who have inspired a rapidly expanding consumer community, as well as positioned us as leaders in the digital media space."
Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. DivX grew approximately 1,000 percent during this period.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
About DivX, Inc.
DivX, Inc. is a digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. DivX creates, distributes and licenses digital video technologies that span the "three screens" comprising today's consumer media environment--the PC, the television and mobile devices. Over 100 million DivX Certified(R) devices have shipped into the market from leading consumer electronics manufacturers. DivX also offers content providers and publishers a complete solution for the distribution of secure, high-quality digital video content. Driven by a globally recognized brand and a passionate community of hundreds of millions of consumers, DivX is simplifying the video experience to enable the digital home.
SAN DIEGO, -- DivX, Inc. (Nasdaq: DIVX), a digital media company, announced that it ranked number 184 on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. In addition, DivX ranked in the top ten of the fastest growing companies in San Diego by Deloitte's Technology Fast 50, a ranking of the 50 fastest growing technology firms in San Diego.
DivX, Inc. is a digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. DivX(R) technology efficiently compresses digital video while ensuring the maximum visual quality. The company licenses its technology to manufacturers of DVD players, digital televisions, mobile phones, set-top boxes, digital still cameras, and other consumer electronics devices to allow users to create and watch content in a superior format. DivX, Inc. also offers tools to enable secure distribution of digital content by retailers, and provides product certification services and software tools which allow videos to be streamed from the PC or the Internet to a user's various consumer electronics devices.
"The Deloitte Technology Fast 500 ranks North America's fastest growing technology, media, telecommunications and life sciences companies," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate DivX on its ability to achieve such exceptional growth in one of today's most innovative and competitive market sectors."
"We are honored to receive recognition in Deloitte's Fast 500 and Fast 50 for the considerable growth that we have achieved and believe that it highlights our commitment to enable a broad ecosystem of consumer electronics devices to deliver a high-quality media experience," said Kevin Hell, Chief Executive Officer, DivX, Inc. "DivX is comprised of dedicated, passionate individuals who have inspired a rapidly expanding consumer community, as well as positioned us as leaders in the digital media space."
Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. DivX grew approximately 1,000 percent during this period.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
About DivX, Inc.
DivX, Inc. is a digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. DivX creates, distributes and licenses digital video technologies that span the "three screens" comprising today's consumer media environment--the PC, the television and mobile devices. Over 100 million DivX Certified(R) devices have shipped into the market from leading consumer electronics manufacturers. DivX also offers content providers and publishers a complete solution for the distribution of secure, high-quality digital video content. Driven by a globally recognized brand and a passionate community of hundreds of millions of consumers, DivX is simplifying the video experience to enable the digital home.
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