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| [February 06, 2013] |
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Forbes Names Elemental One of the Top 25 Most Promising Companies in America
PORTLAND, Ore. --(Business Wire)--
Elemental Technologies, the
leading supplier of video solutions for multiscreen content delivery,
today announced its placement among the 25 most promising privately held
companies on the Forbes magazine annual ranking. This marks the second
consecutive year Elemental has been named by the publication as one of
one hundred privately held, high-growth companies with bright futures.
Elemental showed the most significant rise in Forbes' annual ranking of
any company over the past twelve months, moving more than 30 spots from
54th to its current position as the 23rd most
promising company in the country.
"We are proud to be named one of America's Most Promising Companies by
Forbes, and exceptionally pleased to receive this recognition two years
running," said Sam Blackman, CEO and co-founder of Elemental
Technologies. "Our placement on the list attests to our best-in-class
product line, exceptional customers and sustainable growth strategy."
Elemental more than doubled its customer base in 2012 to include 250
leading media and entertainment brands across nearly 40 countries.
Revenue also doubled year over year by continuing to satisfy the video
processing needs of companies such as the BBC, Comcast (News - Alert), ESPN, HBO,
MLB.com and the NBA. Double-digit growth in the global over-the-top
(OTT) market as well as strong consumer adoption of tablets and other
mobile video devices helped accelerate Elemental's momentum over the
past 12 months.
Forbes' annual ranking recognizes the top 100 privately held companies
to watch in the coming year. In conjunction with data research firm CB
Insights, Forbes identified the top U.S.-based, private companies from a
holistic perspective, taking into consideration each company's growth,
quality of its management team and investors, margins, market size, and
key partnerships. Please click
here to view the complete list from Forbes.
About Elemental
Elemental Technologies is the leading supplier of video solutions for
multiscreen content delivery. Founded in 2006 and headquartered in
Portland, Oregon, the company pioneered the use of graphics processors
to power adaptive video streaming over IP networks. Providing unmatched
solutions for hundreds of customers around the world, including nine of
the top ten media and entertainment companies in the United States,
Elemental helps content programmers and pay TV operators bring video to
any screen, anytime - all at once. The company has offices in the United
States, the United Kingdom, Hong Kong, Singapore and Brazil. To learn
more, please visit http://www.elementaltechnologies.com/
and follow @elementaltech
on Twitter (News - Alert).
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