Profitable Video Technology Company Named to Prestigious List for Second Year in a Row
San Diego, CA.—July 8, 2004 – DivXNetworks, Inc., (www.divxnetworks.com), the company that created the revolutionary, patent-pending DivX® video compression technology, today announced its inclusion in the AlwaysOn (AO) Top 100 Private Companies list. AlwaysOn, an open source media company focused on technology and business innovation, and KPMG’s emerging business practice, KPMG 1Start, compiled the second-annual AO100 list. The two groups surveyed more than 1,000 venture investors, investment bankers, top entrepreneurs and executives, who nominated more than 700 companies to determine the AO100 winners. The full list can be found at www.alwayson-network.com.
AlwaysOn and KPMG 1Start, identified the 2004 AO100 companies based on their demonstrated leadership and innovation in two key areas: market traction measured by revenue or customer growth and new approaches and technologies that are likely to cause significant change to existing markets and well-established players.
“Private company innovation is incredibly strong and continues to flourish. Over 50 of last year’s AO100 companies returned to this year’s list and 50 new companies have been selected that are well positioned to significantly contribute to the second-generation of the Internet,” notes Tony Perkins, AlwaysOn founder.
“We’re honored to be included in the AO 100 for the second year in a row,” said Shahi Ghanem, President of DivXNetworks, Inc. (www.divxnetworks.com). “DivXNetworks is experiencing tremendous growth across all of our business units – the DivX community has grown to over 130 million global users and our partnerships with key consumer electronics companies, such as Philips, Samsung, and JVC are bringing over 20 million DivX Certified consumer electronics devices to market in 2004. AlwaysOn’s concise and objective view helps validate our success.”
AO100 winners will be honored at a reception on Tuesday, July 13, 2004 at the AlwaysOn Innovation Summit, taking place July 13-15 at the Frances C. Arrillaga Alumni Center on the Stanford University Campus. The event will feature over 60 keynote-level speakers, 15 sessions, 30 CEO Pitches and two days of conversation about what’s driving the next wave of innovation. For more information visit: https://www.alwayson-network.com/events/index.php
About DivXNetworks DivXNetworks is a consumer-focused video technology company positioned at the center of multimedia convergence. The company’s core offering is the DivX ® video codec, among the world’s most popular video compression technologies with over 120 million users worldwide. Often called “the MP3 of video,” the patent-pending DivX video technology offers DVD-quality at 10 times greater compression than MPEG-2 files, enabling full length films to easily fit on a CD or be delivered over broadband connections. DivX video technology powers a range of applications that span the convergence value chain, from a secure IP-based video-on-demand solution to next-generation consumer electronics products and video software applications. DivXNetworks is headquartered in San Diego, California, with satellite offices in Los Angeles and San Jose, CA, Taipei, Taiwan, Tokyo, Japan, Guildford, England and Dortmund, Germany.
About AlwaysOn AlwaysOn (AO) is an “open source media company” dedicated to connecting global leaders and technology industry insiders whose ideas and innovations are shaping the always-on world.
Founded in January of 2003, AO is the first and only media brand to combine participatory journalism (blogging), with a powerful social network—the AO Zaibatsu. AO believes that individuals and businesses will increasingly use interactive media applications to “step over the head of the media” and communicate directly to customers, suppliers and employees.
AlwaysOn, LLC, is a privately held and virtually headquartered company born out of the heart of Silicon Valley.