VisualOn Ranked Number 67 Fastest Growing Company in North America on Deloitte's 2012 Technology Fast 500™ Attributes its 2,171% Percent Revenue Growth to the Demand for Mobile Media Among a Growing Connected Device Ecosystem
SANTA CLARA, Calif., Nov. 14, 2012 /PRNewswire/ -- VisualOn, Inc. today announced it ranked 67 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. VisualOn grew 2,171% percent during this period.
VisualOn's chief executive officer, Yang Cai, credits a rise in mobile multimedia consumption and an increasingly fragmented connected device market – each device with its own file format and hardware capabilities – with the company's 2,171% revenue growth. He said, "We're at the epicenter of consumer demand for content on-the-go-the and the rapidly growing device market. We're looking forward to continuing our trajectory and changing the way the industry delivers high quality content to every screen across the world."
"We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today."
"The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of VisualOn for this impressive accomplishment."
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About VisualOn, Inc.
VisualOn, Inc. is a Silicon Valley based multimedia software company that enables rich entertainment experiences across smartphones, tablets, laptops, connected TVs and other mobile and convergent devices. VisualOn's unique patent-pending technology is designed to be platform agnostic for ease of integration, with optimized quality, performance, and minimal power consumption. Integration of digital rights management (DRM) is secure and efficient. VisualOn supports streaming, VOD, mobile TV and other multimedia applications with quality levels rivaling hardware based solutions. For more information, please visit www.visualon.com.
SOURCE VisualOn, Inc.