Inc. 500 Ranks Elemental Second-Fastest Growing Software Company in America

Submitted by MattF on August 20, 2012 - 13:48

Every year Inc. magazine ranks America’s 500 fastest growing private companies. In 2012, Elemental secured the #1 spot in Oregon, the #2 position in the software segment nationally, and the #52 overall rank on Inc.'s comprehensive and prestigious list. From 2008 - 2011, Elemental grew revenue 4,518%, and supplied clients including HBO, Disney and Comcast with the tools to stream video to smart phones, tablets, and computers. In the most demanding application yet, Elemental products medaled in video performance by delivering up to 24 live streams to 55 million online viewers for the BBC during the London 2012 Olympics this summer. Eurosport, Terra, and CTV also used Elemental products to stream live and on-demand Olympic video to more than 70 countries.

Inc 500 logo“We are extremely honored to be named one of America’s fastest growing private companies on the Inc. 500 list,” said Sam Blackman, CEO and co-founder of Elemental. “From 2008 to 2011, Elemental was fortunate to grow significantly in a challenging economy, thanks to an extremely talented, dedicated team and a rapidly growing market. Along with positive feedback from our customers, this ranking validates the team’s hard work and we are more excited than ever about the future of Elemental and the IP video industry.”

In a related Inc. article, Anthony Wood, founder of Roku, stated that “There’s more innovation happening in TV right now than probably any time in history.” Elemental is at the forefront of this change. Wood predicts that in 2016, most people will watch television through the Internet instead of cable, satellite or over-the-air. To get there, service providers, content programmers, and broadcasters need solutions like Elemental Live and Elemental Server to process and encode video for IP networks.

Customer applications highlight the multiscreen video revolution that propels Elemental. Analyzing audience behavior, the BBC noted viewers watching Olympics events throughout the day on devices targeted by Elemental. News providers such as ESPN and ABC News deliver video to mobile phones that captures eyes during mass-transit morning commutes. Sports, television programming and live events stream over the Internet to avid viewers at computers throughout the day. Original content available through HBO GO and Comcast Xfinity make for compelling bedtime stories on tablets at night. In a non-stop entertainment environment streamed across the world’s time zones and languages, Elemental products lay the foundation for the new vision of television service in video on demand, IPTV, and live mobile video.