Discretix Among the 50 Fastest Growing Technology Companies in Israel
Maker of Embedded Security and Digital Rights Management Solutions Cites Increased Demand for Mobile Content Protection and Flash Storage Security, Rapid Expansion into New Vertical Markets, and Targeting a Wider Range of Portable Devices
SAN MATEO, CA — Discretix, the leading provider of Embedded Security and Digital Rights Management (DRM) solutions for mobile devices and flash memory, today announced that it was ranked among the 2008 Deloitte Israel Technology Fast 50, a ranking of the 50 fastest growing technology companies in Israel.
To determine the fastest growing companies, Deloitte reviewed fiscal year revenues over five years (2003-2007), calculated the revenue growth percentage over five years, and compared the growth of technology companies. Discretix recorded a doubling of its revenue in the first half of 2008, driven by a string of design wins as well as increased business from existing accounts. The company is experiencing a surge in activity across many of its customer categories, from flash cards and USB drives to mobile handsets, smart phones and Solid State Disks (SSDs), as consumers and OEMs alike embrace broad new forms of mobile content and Flash based storage.
In recent months, Discretix has also expanded its offerings to address interest from manufacturers and network operators in new technologies like mobile TV, on-demand entertainment, Web 2.0 services and geo-targeted content. These services, delivered over a wider range of consumer electronics devices like Ultra Mobile PCs (UMPCs) and Mobile Internet Devices (MIDs), are giving rise to new vertical markets and increased business opportunities for content protection providers.
“Discretix’ portfolio of embedded security solutions continues to set the standard, as evidenced by the unprecedented interest in our products from customers both existing and new,” said Gal Solomon, CEO and founder of Discretix. “Reliability, efficiency, flexibility and quick time-to-market have always been the standards we’ve set for our solutions. Clearly our existing customers embrace these traits—and it’s our intention to deliver such benefits in every new segment we enter.”
“Making the Deloitte Technology Fast 50 is a testament to a company’s commitment to technology”, said Asher Mechlovich, partner in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Program. “With its 591% growth rate over five years, Discretix has proven that its leadership has the vision and determination to grow in difficult conditions.”
Founded in 2000, Discretix offers an array of embedded, processor-based security technologies that are integrated into mobile handheld and cellular devices as well as flash memory. In addition to DRM and mobile data protection, Discretix solutions ensure device management, secure protocols and e-Commerce at the highest levels of protection. Based in Israel and with North American headquarters in San Mateo, California, Discretix maintains field offices in Japan, France, Taiwan, Korea and China.
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
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.
Discretix is a trademark of Discretix, Ltd. Other products and trade names mentioned herein are the trademarks of their respective owners.
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