Friday, 28 October 2005

Press Release: DivX Closes $17 Million Round of Funding from Insight Venture Partners

...Leading Digital Entertainment Company Announces $17 Million Investment And Partner Jerry Murdock To It's Board Of Directors...

DivX, Inc. the digital entertainment company that created the popular DivX media format, today announced a $17 million investment from Insight Venture Partners, a leading venture capital firm focused on the global software and Internet services industry. The company also announced that Jerry Murdock, Managing Director of Insight Venture Partners, has joined the DivX Board of Directors.

DivX, Inc. has experienced significant growth across multiple business lines in 2005, and plans to expand global sales and business operations into emerging markets in the coming year. The company distributes DivX media technology to users around the world, and licenses the technology to content providers, consumer electronics manufacturers, and software companies. DivX drives an entire ecosystem of interoperable platforms and devices with vast amounts of DivX video content, millions of users and millions of DivX certified products from major consumer electronics manufacturers.

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