Parallax Capital Partners and StepStone Group to Acquire DivX; Leading Digital Video Technology Provider Will Operate as Standalone Business - Seite 2

About DivX

DivX is a leading provider of next-generation digital video technologies for Over-The-Top services from content preparation, to protected delivery and multi-screen playback of high-quality video across consumer electronics devices and mobile platforms. DivX, along with its subsidiary MainConcept, is accelerating the adoption of the HEVC/H.265 video standard across the video supply chain with solutions for 3^rd party software integration, transcoding applications, and protected playback on consumer electronics devices. The MainConcept industry-leading SDKs provide an extensive library of digital video components, from industry standard codecs to support for next generation video standards as well as support for professional camera formats. MainConcept SDKs enable software developers to integrate video and audio support into their applications, services or environments

About Parallax Capital Partners

Parallax Capital Partners (www.parallaxcap.com), is a private equity firm focused on acquiring and operating application software and related services companies. Since 1999, Parallax has acquired over 20 companies. Parallax's previous and current portfolio companies generate over $1.5 billion of annual revenues and have provided significant returns for its investors, partners and employees. Parallax has built an exceptional track record of transitioning divisions, subsidiaries and product lines into successful stand-alone entities.

About StepStone Group

StepStone Group (www.stepstoneglobal.com) is a global private markets firm overseeing more than $60 billion of private capital allocations, including approximately $11 billion of assets under management. StepStone creates customized portfolios for the world's most sophisticated investors using a highly disciplined research-focused approach that prudently integrates fund, secondary, mezzanine and co-investments. StepStone has over 110 professionals, which includes 18 Partners, located on three continents. StepStone is an active investor in all private markets strategies, including buyout, credit, venture, distressed, mezzanine, energy, infrastructure and real assets in all major geographies, including North America, Europe, Asia, Australia, Latin America, Middle East and Africa.

About Karmel Capital
Karmel Capital (www.karmelcap.com) is a private equity and M&A advisory firm focused on technology spin-outs. Karmel Capital works with public company parents, management teams and financial partners to make complex deals happen and to turn struggling business units into successful standalone companies. Karmel Capital was founded in 2013 and has completed multiple technology spin-outs including: Snaptracs (www.tagg.com) a spin-out from Qualcomm, Inc. (NASDAQ: QCOM). Burl Concepts (www.burlconcept.com) a spin-out from UC San Diego. Feniks, Inc. (www.hellorubi.com) a spin-out from Outerwall, Inc. (NASDAQ: OUTR).

For DivX Inquiries:
Tom Huntington
Vice President Marketing
Email Contact
619-743-9057