Skip to main content

DivX Files For $135 Million IPO; Buys Community Platform Company

DivX Files For $135 Million IPO; Buys Community Platform Company: "San Diego-based digital video codec firm DivX has filed for an IPO on Nasdaq to raise as much as $135 million. The company, whose technology allows large video files to be delivered online, plans to use the proceeds from the IPO to license products and technologies and for general corporate purposes, according to the S-1. It will trade under the symbol ‘DIVX’.

From the S-1: DivX saw its revenue double from $16.4 million in 2004 to $33 million in 2005. It posted a $2.29 million profit in 2005, compared with a $4.34 million loss for 2004. At the end of March, the company employed 189 workers.

The company has raised $38.4 million since its inception. Investors include Zone Ventures, WI Harper and Insight Venture Partners.

On its customer base, Philips accounted for about 13% of its total revenues. Revenues from Google accounted for about 15 percent of its revenues (Google syndicates its services through DivX software downloads).

Also, the company has recently started focusing on its online video offerings…and as part of that, it has bought a small web development firm called Corporate Green, that has developed an online community platform. The purchase price consisted of an initial cash payment of approximately $351,000 and a total of 208,950 shares of the company’s common stock, and the three founder of CG have joined DivX.

Related:

- CES: DivX Partners With Google For Digital Home; To Launch Download Service

- DivX Receives $17 Million Funding

"



(Via paidContent.org.)

Popular posts from this blog

(26) Post | LinkedIn

(26) Post | LinkedIn : ► Trump was first compromised by the Russians back in the 80s. In 1984, the Russian Mafia began to use Trump real estate to launder money and it continued for decades. In 1987, the Soviet ambassador to the United Nations, Yuri Dubinin, arranged for Trump and his then-wife, Ivana, to enjoy an all-expense-paid trip to Moscow to consider possible business prospects. Only seven weeks after his trip, Trump ran full-page ads in the Boston Globe, the NYT and WaPO calling for, in effect, the dismantling of the postwar Western foreign policy alliance. The whole Trump/Russian connection started out as laundering money for the Russian mob through Trump's real estate, but evolved into something far bigger. ► In 1984, David Bogatin — a Russian mobster, convicted gasoline bootlegger, and close ally of Semion Mogilevich, a major Russian mob boss — met with Trump in Trump Tower right after it opened. Bogatin bought five condos from Trump at that meeting. Those condos were...