Sorenson Media Finishes Q1 2010 with Its Second Consecutive Quarter of 40 Percent-Plus Revenue Growth

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Tue Apr 6, 2010 3:15am EDT

* Company Experiences Significant Revenue Growth Across Every Product Line
* Company`s Total Video Solutions, Including Its Sorenson 360 Online Video
Platform, Make a Strong Entrance into the Enterprise Marketplace, Led by
Significant Contracts from Major Universities and Other Leading Organizations

SAN DIEGO--(Business Wire)--
Sorenson Media today announced that the company has just concluded a highly
successful first quarter of 2010, marked by 40 percent overall revenue growth
over the same period in the previous year and new contractual and strategic
relationships with some of the world`s most successful organizations. Driven by
these successes, the company continued to increase its hiring in the midst of a
contracting environment in response to accelerating demand for high-quality
online video solutions. 

Significant milestones for Sorenson Media in the quarter include:

* The second consecutive quarter of 40 percent-plus overall revenue growth. 
* Significant growth across every product line, including the Sorenson 360
online video platform, the Sorenson Squeeze encoding application, the Sorenson
Squish and SquishNet Web browser-based encoding application and "YouTube in a
Box" solutions, and Sorenson Spark video codec licensing. 
* Expansion into the enterprise marketplace with its total video solutions and
Sorenson 360 online video platform. 
* A bevy of major new customers and partnerships. 
* Continued innovation of the company`s differentiated technology, including
public release of its APIs and refinements directed to developers.

"We are very pleased with the way in which we ushered in this new decade and
finished the last," said Peter Csathy, president and CEO of Sorenson Media. "Our
revenues and hiring continue to expand in response to strong demand from
companies across the spectrum for the best-in-class quality, flexibility,
ongoing innovation and ease of use of our total video solutions. But, while we
are pleased with our Q1 accomplishments, we already have moved past that because
our future plans and expectations are significantly more aggressive." 

The company entered the enterprise market with its total video solutions on the
strength of major contracts with a growing number of leading universities
throughout the world. Other prominent new customers and partnerships for the
company in Q1 include Lenovo, Samsung and the John McCain 2010 Senate
Re-Election Campaign. 

The company`s continuing revenue growth - together with the fast-growing overall
market opportunity for its differentiated enterprise total video solutions -
have enabled the company to accelerate its hiring in all strategic areas, from
engineering and software development to creative, sales and marketing.
Information about job availability at Sorenson Media can be found at
www.sorensonmedia.com/jobs. 

The company also continued to innovate and develop its technology in Q1.
Sorenson Media announced the wide release of its Sorenson 360 APIs and the
launch of a new developer site in March 2010. Sorenson 360 APIs empowers
developers and businesses with flexible, intuitive client-side encoding that
enables them to easily integrate best-in-class quality Sorenson Media solutions
into their workflow and create customized video solutions with minimal coding.
The company`s award-winning Sorenson Squeeze encoding product and ubiquitous
Sorenson Spark codec technology also continue to extend their influence with
companies of all sizes in industries across the spectrum. For more information
about Sorenson Media`s total video solutions, visit
www.sorensonmedia.com/solutions/. 

"Our continued progress and momentum reflect the fact that we refuse to rest on
our legacy or on our demonstrable advantages in quality, reliability and
usability," said Csathy. "We are impatient - we continuously challenge ourselves
to better meet the accelerating video needs for businesses and enterprises
alike. Our best score card of success is our track record of ongoing revenue
growth and customer satisfaction, as well as our long-term business success." 

About Sorenson Media

Sorenson Media (www.sorensonmedia.com) offers comprehensive, award-winning
solutions that empower businesses and video professionals to easily and
affordably publish the highest-quality video to the Internet and other media.
Included among its products and services are the Sorenson 360 Video Delivery
Network (VDN), Sorenson Media`s re-imagined video publishing platform; Sorenson
Squeeze, the gold-standard for video encoding applications; Sorenson Squish and
SquishNet, which together create an easy-to-use browser-based video publishing
platform for user-generated content; and Sorenson Spark, the industry`s most
widely used video codec, which enables mobile devices and other consumer
products to playback the largest selection of video on the Internet today. Since
its inception in 1995, Sorenson Media has been instrumental in bringing Internet
video to mainstream applications and is committed to dramatically improving the
online video experience for both content creators and consumers.

Sorenson Media Public Relations
Jacob Moon, 801-490-1017
jacob@methodcommunications.com

Copyright Business Wire 2010

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