Inc. Magazine Ranks Discretix As One Of America’s Fastest Growing Private Companies For Third Straight Year
Expanding Demand for Company’s Embedded Security Solutions Spurs Strong 74% Growth Record and Consecutive-Year Run
SANTA CLARA, CA — (September 23rd 2009) - Discretix, the leading global provider of embedded security solutions, announced today that it has been named to the 2009 Inc. magazine ranking of the 5,000 fastest-growing private companies in the United States, the third straight year the company has achieved an Inc. ranking. Over the past three years, Discretix has logged an impressive 74% revenue growth record.
The Inc.5,000 is the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Taken as a whole, the companies on the list represent the backbone of the U.S. economy. The Inc. 5,000 debuted in 2008 as a companion to the well-known Inc. 500 listing.
Founded in 2000, Discretix is a world leader in embedded, processor-based security technologies that are integrated into mobile handheld and cellular devices, as well as in flash memory. Discretix solutions are found in smartphones, cellular handsets and flash drives made by many top manufacturers around the globe, protecting the distribution of premium multimedia content and enabling exciting new services.
“Each year, as a company becomes larger and revenues grow, it becomes more difficult to stay in the Inc. rankings. The fact that Discretix has done so for three consecutive years demonstrates the incredible reputation and acceptance by leading device OEMs for our security technologies,” said Gal Solomon, CEO and founder of Discretix. “It also underscores the continuing strong demand for advanced content protection and management solutions, allowing consumers to embrace mobile devices as platforms for all kinds of entertainment and information.”
“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 project manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”
Discretix has scored a number of high-profile design wins in the past year; among the manufacturers represented are HTC and LG. The firm was listed 52nd out of the 74 security companies included in the Inc. 5,000 rankings.
The 2009 Inc. 5000 serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com.
About Discretix:
Discretix’ security solutions are deployed in a wide range of consumer electronics devices enabling services and applications, while protecting the device and its contents. Discretix’ products include embedded security co-processors and a broad range of security applications. The solutions are tightly integrated into the device, enhancing security without compromising the user experience. Discretix, a privately-owned company, serves the needs of some of the world’s best-known semiconductor and device manufacturers and has been consistently ranked among the leaders of the embedded security market. For more information, please visit www.discretix.com.
About Inc. Magazine:
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.
Discretix and CryptoCell are trademarks of Discretix, Ltd. Other products and trade names mentioned herein are the trademarks of their respective owners.
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DISCRETIX PRESS CONTACTS:
Belinda Banks S&S Public Relations +1 609-750-9110
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