Sorenson Media reports strong finish in 2010; sees more growth in 2011

Sorenson Media said it has expanded its team by 30 percent this year, responding to growth in the market and a demand in the enterprise sector that has driven the company's revenues by more than 35 percent in each of the past two quarters.

"We are gratified at the pace of overall growth and market acceptance for our expanded portfolio of solutions, and we're excited to expand our team to meet this demand, especially during a time when the job market is down," said Peter Csathy, president and CEO of Sorenson Media. "It is especially rewarding to see how demand for our services, particularly new services such as Sorenson Squeeze Server and the Squeeze Solution Pack, is significantly outpacing expectations. We have accomplished many of our ambitious goals this year both on the business side and product side."

Csathy also said the company is looking toward "accelerated growth and expansion" in the year ahead.

Sorenson has had a busy year, scoring big customer wins with Shutterfly, Go Daddy and Compuware Gomez, among others.

It also announced an expansion of its Sorenson Spark codec licensing program, which now includes consumer electronics and mobile brands LG, Samsung and others.

Sorenson also rolled out an enterprise-grade, cloud-based transcoding service; partnered with RightScale and Aspera to create the first cloud-based software stack for high-volume, scalable video encoding queue management and fast file transfer; and launched a new version of its complementary Sorenson 360 online video platform in May 2010.

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