Forbes Magazine Names Elemental One of America’s Most Promising Companies
Portland, Ore. – Nov. 30, 2011 – Elemental Technologies, the leading provider of video processing solutions that enable multi-screen content delivery, today announced it has placed 54th on Forbes’ annual ranking of America’s Most Promising Companies. Forbes‘ list of America’s Most Promising Companies features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.
“Sizing up younger, privately held companies is hard: their fortunes can change very quickly and there’s a dearth of public data,” says Forbes executive editor Brett Nelson. “We took a more comprehensive approach to evaluate their health and potential.”
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company’s health. Forbes married Mosaic’s data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. To view the complete the list, please visit http://www.forbes.com/ampc.
“We are extremely honored to be named one of America’s Most Promising Companies by Forbes,” said Sam Blackman, CEO and co-founder of Elemental Technologies. “We are proud of the growth our company has achieved in 2011. Our progress thus far provides a solid foundation on which to build and we are more excited than ever about Elemental’s future in the video industry.”
Elemental Technologies is the leading provider of video processing solutions that enable multi-screen content delivery. The company’s award-winning products help content programmers, service providers and broadcasters bring video to any screen, at any time – all at once. Seven of the top ten media companies in the United States, including CBS, Comcast and Disney rely on unmatched solutions from Elemental. Founded in 2006, Elemental is headquartered in Portland, Oregon. To learn more, visit www.elementaltechnologies.com and follow us on Twitter @elementaltech.