London, Thursday May 13th, 2010 - Saffron Digital, the leading video delivery platform company, has been included as one of the GP Bullhound Media Momentum Awards Top 50 companies for 2010. The listing is based on financial growth over a three year period and details digital media companies which have demonstrated sustained profitability.
In that time, Saffron Digital has not only satisfied the base criteria for the Media Momentum Awards, but has also expanded internationally, opening an office in Los Angeles in 2009, as well as doubling the number of staff at its London headquarters. The company has also successfully launched into new markets: while the mobile sector remains its core business, it now delivers content, particularly video, to a wide variety of devices and on the Internet.
Saffron Digital’s clients include Hollywood studios such as Sony Pictures, Paramount and 20th Century Fox, broadcasters including Sky TV, as well as network operators such as T-Mobile and Vodafone and handset manufacturers like Nokia, Sony Ericsson and HTC.
“The Media Momentum Awards Top 50 is an exclusive club, and we’re proud to be a member of it,” says Shashi Fernando, CEO of Saffron Digital. “It’s a fitting reflection of the hard work put in by the exceptionally talented team that we have here at Saffron Digital.”
Now in its sixth year, the Media Momentum Awards features the hottest and fastest growing digital media companies in Europe. The awards are organised by specialist media and technology investment bank, GP Bullhound. Schroders Private Banking, Acton Capital Partners and law firm Kemp Little are premium sponsors of the awards, with Grant Thornton as award sponsor.
About Saffron Digital
Saffron Digital is a global video delivery platform company, whose products and services are live in 22 countries and 14 languages. Its proprietary technologies, which include the ability to support multi-device video delivery, superfast encoding and Domain Based DRM, have been integrated into products by clients including Nokia, Sony Ericsson, LG and Samsung, as well as services for Sony Pictures, Paramount, 20th Century Fox, Sky, T Mobile and Vodafone.
In the last two years Saffron Digital has won a Gold Award for Best Product Technology & Innovation in Visiongain’s Mobile Entertainment Awards 2008, and was named Best Video and TV Service Provider in Mobile Entertainment 2009 awards. The company was also named as one of the UK’s top 100 technology and media companies in the Tech Media Invest Top 100 List in 2009.
About GP Bullhound
With offices in London and San Francisco, GP Bullhound is a leading investment banking firm providing advice on mergers & acquisitions and institutional capital-raising to emerging growth companies in the Technology sector. The firm was established in 1999, and has completed over 90 M&A and Private Placement transactions since its founding. Comprised of some of the most experienced technology advisory professionals, our long track record and dedicated approach has helped us establish a leading global position. We have strong domain expertise in the areas of Internet and Digital Media, Software and Services, and CleanTech and Hardware, where we focus on providing preeminent advisory services to some of the best entrepreneurs, management teams and investors around the globe.