Tuesday, July 13, 2010
Sorenson Media Claims 40 Percent Revenue Growth
Sorenson Media, the video encoding and online video hosting service which has its major engineering operations in Salt Lake, said today that it has seen a third consecutive quarter of 40 percent growth. The firm did not release actual financials, but said the growth was driven by the release of an enterprise-focused versin of its Sorenson 360 online video platform. Sorenson said that it will be expanding its workforce, and particularly, its engineering team, as a result of the growth. Sorenson is headquartered in San Diego, California, but was started and maintains its engineering group in Salt Lake.