DivX Honored as One of the Fastest Growing Technology Companies in North America by Deloitte
October 21 2009 - 8:00AM
PR Newswire (US)
DivX ranks 273 in Deloitte's 2009 Technology Fast 500(TM) SAN
DIEGO, Oct. 21 /PRNewswire-FirstCall/ -- DivX, Inc. (NASDAQ:DIVX),
a digital media company, today announced it has once again been
honored as a member of Deloitte's elite Technology Fast 500(TM), an
award to the top 500 fastest growing technology, media,
telecommunications, life sciences and clean technology companies in
North America. DivX was among 18 San Diego companies to be
acknowledged in Deloitte's Technology Fast 500(TM), an award it has
received for three years straight. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081124/DIVXLOGO) DivX®
technology allows digital videos to be compressed to a fraction of
their original size while still maintaining excellent visual
quality. With the DivX format, even full length movies can be
quickly downloaded from the Internet and played on a DivX
Certified® consumer electronics device, including HDTVs, DVD and
Blu-ray players, portable media players and mobile phones. With
more than 200 million DivX devices shipped into the market, it's
simple for consumers to playback their favorite videos, movies and
TV shows on the device of their choice anytime, anywhere.
"Technology Fast 500(TM) recognizes innovative companies that have
broken down barriers to success and defied the odds with their
remarkable five-year revenue growth," said Phil Asmundson, Vice
Chairman and U.S. Technology, Media and Telecommunications leader,
Deloitte LLP. "We congratulate DivX on this accomplishment." "We
are honored to be recognized once again as a member of Deloitte's
Fast 500(TM) and see it as validation of our success in creating an
ecosystem that delivers a high-quality media experience for
consumers to enjoy," said Kevin Hell, Chief Executive Officer,
DivX, Inc. "Thanks to the hard work of hundreds of DivX employees
worldwide, we are transforming our vision of a connected media
landscape into reality." Ranking in Deloitte's Technology Fast
500(TM) is based on percentage of revenue growth over a five-year
period. DivX grew approximately 475 percent from 2004 to 2008. For
more information about DivX, visit http://www.divx.com/. Technology
Fast 500(TM) Selection and Qualifying Criteria Technology Fast
500(TM) provides a ranking of the fastest growing technology,
media, telecommunications, life sciences and clean technology
companies in North America. This ranking is compiled from
nominations submitted directly to the Technology Fast 500(TM)
website, and public company database research conducted by
Deloitte. Technology Fast 500(TM) award winners for 2009 are
selected based on percentage fiscal year revenue growth during the
five year period from 2004 to 2008. In order to be eligible for
Technology Fast 500(TM) recognition, companies must own proprietary
intellectual property or proprietary technology that contributes to
a significant portion of the company's operating revenues. Using
other companies' technology or intellectual property in a unique
way does not satisfy this requirement. Consulting companies,
professional service firms, etc. are not eligible unless they have
proprietary technology that contributes to a significant portion of
their operating revenues. Technology Fast 500(TM) award eligibility
requirements also include base-year operating revenues of at least
$50,000 USD or CD, and current-year operating revenues of at least
$5 million USD or CD. These revenues must have more than doubled
between 2004 and 2008. Additionally, companies must be in business
for 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 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 200 million DivX 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. Forward-Looking Statements
Statements in this press release that are not strictly historical
in nature constitute "forward-looking statements." Such statements
include, but are not limited to, statements regarding DivX's
visibility within the investment community. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause DivX's actual results to be materially
different from historical results or from any results expressed or
implied by such forward-looking statements. These factors include,
but are not limited to: the risk that customer use of DivX
technology may not grow as anticipated; the risk that anticipated
market opportunities may not materialize at expected levels, or at
all; the risk that the Company's historical growth rate may not be
indicative of results for any future period; risks and
uncertainties related to the maintenance and strength of the DivX
brand; risks associated with DivX's ability to penetrate existing
and new markets; risks regarding the effects of competition; the
risk of DivX's dependence on its licensees and partners; risks
related to the effect of intellectual property rights claims; and
other factors discussed in the "Risk Factors" section of DivX's
most recent report filed with the Securities and Exchange
Commission. All forward-looking statements are qualified in their
entirety by this cautionary statement. DivX is providing this
information as of the date of this release and does not undertake
any obligation to update any forward-looking statements contained
in this release as a result of new information, future events or
otherwise. http://www.newscom.com/cgi-bin/prnh/20081124/DIVXLOGO
http://photoarchive.ap.org/ DATASOURCE: DivX, Inc. CONTACT: Media,
Jen Baumgartner, +1-503-901-5371, , or Investors, Karen Fisher,
+1-858-882-6415, , both of DivX, Inc. Web Site:
http://www.divx.com/
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