3/19/2008 8:04 AM
March 19, 2008 -- Markham, Ontario:
-- a leading developer of solutions for bringing television, video and film content to the next generation of viewing devices -- announced today that the company has been recognized with two prestigious awards from highly-respected global research firm, Frost & Sullivan. Frost & Sullivan has honored Digital Rapids with the 2008 Customer Value Enhancement and Entrepreneurial Company of the Year awards for the World Video Encoders and Transcoders Market.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry. Digital Rapids was one of only three companies to receive 2008 Best Practices Awards in the World Video Encoders and Transcoders Market, and the only one to earn dual-award honors.
"It is extremely rare for Frost & Sullivan to recognize one company with two Best Practices Awards in the same year, but in the case of Digital Rapids, such distinction is truly justified," said Frost & Sullivan Senior Industry Analyst, Vidya S. Nath. "In the highly fragmented and competitive digital media market, Digital Rapids has shaped its strategies to suit diverse and rapidly-evolving customer requirements. Their broad range of solutions allows them to cater to customers across different markets and media, helping customers buy products suited to their application needs, target audiences and budgets. Furthermore, Digital Rapids' ability to tailor their products and services to specific customer project requirements has truly added value to the customers' media services."
Video encoding and transcoding systems are used to transform video and audio content into the formats required for viewing on multiple platforms and devices including broadcast, cable and satellite television; IPTV; the web; mobile phones and personal media players. Through a competitive combination of a comprehensive product line, quality, cost-effectiveness and adaptability to customer requirements, Digital Rapids solutions enable customers to maximize the potential of their media content when pursuing new revenue opportunities or new ways to reach their audiences in the evolving digital media market. Digital Rapids solutions have been adopted by thousands of worldwide customers of all types and sizes -- from leading broadcast networks, motion picture studios, telecommunications companies, online content distributors and post production facilities to corporations, government agencies, schools and churches.
"We are extremely pleased to be honored by analysts of Frost & Sullivan's stature," said Brick Eksten, President of Digital Rapids Corporation. "The exceptional success of our customers as they capitalize on new media distribution opportunities has long validated the value offered by our solutions and expertise, and this recognition further confirms the strength of our customer-focused strategy as we continue our tremendous growth."
For more information about Digital Rapids, please visit www.digital-rapids.com.
About Frost & Sullivan -- Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit www.awards.frost.com.
About Digital Rapids Corporation - Digital Rapids is a leading developer of professional hardware and software solutions for video ingest, encoding, transcoding, protection, streaming, and delivery. Digital Rapids offers solutions that scale from individual applications to enterprise and global workflows, with the proven expertise to help our customers maximize their productivity and the value of their content in the evolving digital media market. Digital Rapids products integrate seamlessly into new and existing post production, broadcast, institutional and media distribution environments, dramatically increasing the volume and quality of media produced while lowering overall costs. Digital Rapids Corporation (www.digital-rapids.com) is headquartered in Ontario, Canada with sales offices in the United States, the UK, Australia, Argentina and Hong Kong.