RipCode Receives Frost & Sullivan's Prestigious Award as 2008's Top Emerging Company in North American Mobile Video Services Markets.
DALLAS, Texas -- RipCode, Inc., an innovator of Internet and mobile video infrastructure solutions, today announced that the company has received Frost & Sullivan's 2008 award for Emerging Company in North American Mobile Services Markets. In bestowing this honor on RipCode, Frost & Sullivan heralded the company's ability to develop an innovative, future-proof mobile video platform to capitalize on a rapidly growing market opportunity.
The Frost & Sullivan Emerging Company Award is presented each year to the company poised to emerge as a significant participant within its industry. This company exhibits outstanding management, superior market growth, exceptional customer service and the ability to combine technology and successful strategic initiatives. The award winner also demonstrates exceptional know-how to take advantage of market changes through the execution of innovative strategies within the existing competitive landscape.
According to Brendon Mills, CEO of RipCode, this important industry accolade reinforces the company's continuing momentum in making a game-changing impact on the future of the fast-growing market for mobile video services. "We are thrilled to be recognized for our hard work, groundbreaking transcoding technology and market leadership," he says. "RipCode greatly appreciates Frost & Sullivan's validation of our value proposition and innovative On-Demand Transcoding and Real-Time Stream Transcoding solutions."
RipCode's outstanding achievements will be celebrated at Frost & Sullivan's 2009 Excellence in Information & Communications Technologies Awards Banquet on January 22nd in San Antonio. "Frost & Sullivan applauds RipCode's early success in executing on a well-planned strategy," says Vikrant Gandhi, senior mobile communications analyst for Frost & Sullivan. "The company is well-positioned to usher in an era of next-generation converged mobile video services having successfully identified key requirements of the mobile video value chain."
Being feted by Frost & Sullivan for technical innovation and industry leadership is the latest in a series of RipCode accomplishments. Earlier this month, the company announced a $12.5 million financing round to fuel global deployment of its next-generation video delivery technology. In December, RipCode announced that it played a key role in MySpace's launch of its global mobile video initiative with MySpace Mobile, which relies on RipCode's on-demand video transcoding to let MySpace Mobile users view MySpace video content from many of the most popular video-enabled mobile devices. The company also recently announced the availability of on-demand video transcoding for the most popular video-enabled phones, including the Apple[R] iPhone[TM], T-Mobile G1[TM], RIM Blackberry[R] Bold and Blackberry Storm.
RipCode's transcoding solution is specifically designed for the next generation of Internet video, providing a powerful dual-application infrastructure solution for delivering video on-demand and real-time video streaming. RipCode's On-Demand and Real-Time Stream Transcoding applications are powered by its high density, high concurrency Video Transcoding Appliance and supported by RipCode's extensive suite of video applications and Web 2.0 workflow solutions. Built to address the high-availability needs of today's new media market, RipCode's On-Demand and Real-Time Stream Transcoding solutions enable the cross-marketing of content over a variety of channels including mobile video, mobile broadcast, Internet video and IPTV - for the greatest flexibility in expanding video delivery and increasing revenue opportunities.
Headquartered in Dallas, Texas, RipCode is privately held and backed by leading venture capital firms including Hunt Ventures, Vesbridge Partners, El Dorado Ventures, ATA Ventures, and Granite Ventures. For more information, visit www.RipCode.com.
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|Date:||Jan 21, 2009|
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