DivX Ranked Fifth in the Prestigious Deloitte & Touche Technology Fast 50
SAN DIEGO October 31, 2007 DivX, Inc. (NASDAQ:DIVX) today announced its placement as the fifth fastest growing technology company in the San Diego region according to Deloitte’s Technology Fast 50, a program dedicated to acknowledging the rising success of highly innovative and accomplished technology companies. DivX was recognized during a ceremony held at The Grand Del Mar earlier this month.
The Technology Fast 50 Program for San Diego is a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nations leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 20022006. To qualify for the recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of their operating revenues. Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloittes Technology Fast 500 program, which ranks North Americas top 500 fastest growing technology, media, telecommunications and life sciences companies, the results of which will be announced soon.
“Deloittes San Diego Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in todays very competitive technology environment,” said Theresa Drew, Managing Partner, San Diego Practice, Deloitte & Touche LLP. “We applaud the successes of DivX and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”
“We are honored to accept an award that highlights DivX’s exceptional growth,” said Kevin Hell, Acting CEO of DivX, Inc. “From our earliest days as a small startup, DivX employees have dedicated themselves to understanding consumer needs and improving the experience of digital media. This focus on the individual user has led to unprecedented adoption in hardware, software, and content distribution. We look forward to continuing our growth trajectory and working closely with our global partners to become the common denominator for digital media.”
DivX works with content, software, and consumer electronics partners to build a common media language that establishes true convergence. As a company focused on improving the consumer’s multimedia experience through a high-quality ecosystem, this award emphasizes the increasing technological influence and awareness of DivX, Inc. as it continues to expand product offerings worldwide.
For more information on DivX, Inc., visit www.divx.com. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
About DivX, Inc.
DivX creates products and services designed to improve the experience of media. Our first product offering was a video compression-decompression software library, or codec, which has been actively sought out and downloaded over 240 million times since January 2003, including over 80 million times during the last twelve months. We have since built on the success of our codec with other consumer software, including the DivX® Player application, which is distributed from our website, www.divx.com. We also license our technologies to consumer hardware device manufacturers and certify their products to ensure the interoperable support of DivX-encoded content. In addition to technology licensing to consumer hardware device manufacturers, we currently generate revenue from software licensing, advertising and content distribution.