Divx Named One of Fastest Growing Tech Companies24 Nov, 2008 By: Michael Lee
Divx, Inc., makers of digital products such as the DivX video compression codec, has been ranked No. 184 on Deloitte’s 2008 Technology Fast 500, which rates the fastest-growing technology, media, telecommunications, and life sciences companies in North America. Deloitte provides such services as auditing, tax services, consulting and financial advising.
“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 highlights our commitment to enable a broad ecosystem of consumer electronics devices to deliver a high-quality media experience,” said Kevin Hell, CEO of Divx, Inc.
Rankings are based on percentage of fiscal-year revenue growth over five years, from 2003-2007. Divx grew about 1,000% during this period.