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PacketVideo Named One of the Fastest-Growing Technology Companies in San Diego

Posted on: Monday, 26 September 2005, 12:00 CDT

PacketVideo, the leading innovator of embedded multimedia software, was recognized as one of the top ten fastest-growing technology companies in San Diego, Calif., by Deloitte & Touche LLP, one of the nation's leading professional services firms. Late last week, Deloitte announced its annual Technology Fast 50, which identifies the 50 fastest-growing technology companies within San Diego County based on five-year revenue growth. PacketVideo was recognized as the seventh fastest-growing company with 2,369 percent growth during the past five years.

"Deloitte's San Diego Technology Fast 50 companies have shown the strength, vision and temerity to succeed in today's very competitive technology environment," said Helen Adams, partner, Technology, Media & Telecommunications, Deloitte & Touche LLP. "We applaud the successes of PacketVideo and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years."

"We are pleased to be named alongside other technology innovators in the San Diego area, one of the technology hotbeds in the United States," said Jim Brailean, CEO of PacketVideo. "This recognition coincides with our seventh anniversary and the tremendous success we've had in launching exciting new mobile multimedia services. As a technology innovator, we are thriving and are stronger than ever."

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004; must be public or private companies headquartered in North America; and be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues, or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.

Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About PacketVideo

PacketVideo is the number one supplier of embedded multimedia communications software for mobile phones with more than 100 design wins for PV-powered handsets. The company's software enables mobile phones to watch breaking news, take digital pictures, record home movies, play back digital music and videos, and make two-way videophone calls. PacketVideo's global leadership is proven by strong relationships with mobile operators, dominance in design wins, and the millions of PacketVideo-powered multimedia phones shipped in markets around the world. PacketVideo was founded in 1998 and is headquartered in San Diego, Calif. For more information, visit www.pv.com.

Note to editors: As an industry visionary, PacketVideo will be speaking at three separate mobile multimedia events this week (9/26-9/29): Billboard's MECCA, The Smartphone Summit, and CTIA Wireless and I.T. Entertainment 2005.

Source: Business Wire

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