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, 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.
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.