DivX Honored as One of the Fastest Growing Technology Companies in North America
November 24 2008 - 8:00AM
PR Newswire (US)
DivX Prominently Ranked in Prestigious Deloitte & Touche
Technology Fast 500 & Fast 50 SAN DIEGO, Nov. 24
/PRNewswire-FirstCall/ -- DivX, Inc. (NASDAQ:DIVX), a digital media
company, today 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. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081124/LA48153LOGO) 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
http://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.
http://www.newscom.com/cgi-bin/prnh/20081124/LA48153LOGO
http://photoarchive.ap.org/ DATASOURCE: DivX, Inc. CONTACT: Media,
Jon Paul McLeary, +1-858-882-6425, , or Investors, Karen Fisher,
+1-858-882-6415, , both of DivX, Inc. Web Site:
http://www.deloitte.com/about http://www.divx.com/
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