The Hot Company Watchlist identifies through vigorous analysis vendors that have tremendous growth potential over the next 12 months due to their current initiatives. Signaled by strategies initiated over the past 12 months, these companies are in a solid position to strengthen their market position significantly in the future.
Incorporated in 2001, Canada-based Digital Rapids offers professional hardware and software solutions for capturing, encoding, transcoding, protecting, streaming and delivering content. The company provides a whole suite of solutions that scale from individual applications to enterprise and global workflows for markets spanning broadcast, media & entertainment, news, sports, and others.
"After reviewing dozens of companies in the content management and digital media space, we identified Digital Rapids for its commitment to innovation," say Mukul Krishna, Global Director, and Vidya S. Nath, Senior Industry Analyst, of Frost & Sullivan's Digital Media practice.
Its main product line includes StreamZ Live encoders, StreamZ on-demand encoding servers (SD and HD), Broadcast Manager software, DRC-Stream cards, Transcode Manager enterprise-class transcoding software, MediaMesh content distribution system and TouchStream live encoding appliances. Digital Rapids' products support formats such as MPEG-2, MPEG-4 and VC-1 formats in both SD and HD.
With just over 70 employees, the company has scaled its product line and operations globally to target a wide range of market applications. Digital Rapids today caters to the needs of thousands of customers worldwide, some of which include NBC Universal, Channel 4 (UK), NOS (Netherlands), CCTV and Phoenix Television (China), Griffith College (Dublin), British Board of Film Classification, RAI (Italy) and World Sport Group (Singapore) among many others.
Digital Rapids gained a significant ground in the broadband video market when it facilitated multiple broadcasters and service providers to distribute video live during Beijing Olympics to large scale audiences over the Web. By focusing on digital compression solutions for growing and emerging markets such as Internet and enterprise applications, Digital Rapids has been able to show tremendous growth despite tough economic conditions. Also, its strategic alliances with key industry participants have ensured the full potential of its products.
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