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Embedded security solutions company attributes success to global rise in the demand for mobile security solutions
 SAN MATEO and REDWOOD CITY, CA September 10th 2007 - Discretix, the leading provider of embedded security solutions for mobile devices and flash memory, today announced that it has been named to the Inc. 500, a ranking of the fastest-growing private companies in the United States. Discretix, which amassed an impressive three-year sales growth rate of 615%, took eleventh spot in the Computer & Electronics category.
Discretix’ solutions ensure the deployment of premium mobile services and applications such as digital rights management, enterprise applications and mobile commerce. Founded in 2000, Discretix offers an array of security solutions including embedded security co-processors and a broad range of software security applications that are integrated into mobile and flash memory devices. Current venture investors in Discretix include Accel Partners, Sequoia Capital, Pitango Venture Capital, Genesis Partners, SFK, Poalim Ventures, and the Eurocom Group. For the past three years, Discretix has been ranked among the largest providers of encryption semiconductor IP by Gartner.
“Being listed in the Inc. 500 is an exciting and gratifying milestone for any growing company,” said Gal Solomon, CEO and founder of Discretix. “We are fortunate that our company is playing a key role in the global evolution of mobile phones and other consumer electronics devices. These innovative products are turning into smart, feature-rich mobile computers—and embedded security technology, our specialty, plays a big part enabling applications and protecting both the device itself and its contents.”
“If you want to find out which companies are going to change the world, look at the Inc. 500 ,” said Inc. editor Jane Berentson. “These are the most innovative, dynamic, and fast-growth companies in the nation; the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”
Prestigious List
The 2007 Inc. 500, as revealed in the September issue of Inc. magazine (on newsstands August 28 – October 2), reported aggregate revenue of $16 billion and median three-year growth of 939 percent.
Most importantly, the 2007 Inc. 500 companies were engines of job growth, having created more than 64,064 jobs since those companies were founded.
The 2007 Inc. 500 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based, privately held, and independent—not subsidiaries or divisions of other companies—as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
Inc. verifies all information by using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.
Complete information on this year’s Inc. 500, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region, can be found at www.inc.com/inc5000.
About Discretix:
Discretix’ security solutions are deployed in mobile and flash memory devices, enabling the commercial distribution of premium services and applications while protecting the device and its contents. Discretix’ products include embedded security co-processors and a broad range of software 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.
CryptoCell is a trademark of Discretix, Ltd. Other products and trade names mentioned herein are the trademarks of their respective owners.
About
Inc. magazine:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc.magazine ( 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 681,421, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
Discretix Contact :
Belinda Banks
S&S Public Relations
+1 (908) 685-2300
belinda@sspr.com
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