RGB is recognised by Forbes as one of US’s most promising companies
December 14, 2011
RGB Networks, the leading provider of scalable multiscreen IP video delivery solutions, has been listed by Forbes Magazine as one of America’s Most Promising Companies. Through this list Forbes recognises “100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital”.
“We are very pleased that Forbes has ranked RGB as one of the nation’s 100 most promising companies. This year RGB Networks was selected by the majority of top US cable operators for their trials and deployments of multiscreen IP video services, showing the superiority of RGB’s technology and the company’s strength in IP video delivery,” said Jef Graham, CEO of RGB Networks. “We believe that the ability for consumers to view any video, anywhere, anytime and on any device is key to the continued success of video service providers around the world. As these ‘TV Everywhere’ services quickly move to widespread availability, and expand to incorporate new multiscreen IP video offerings, RGB is well-positioned to capitalise on the success that we’ve had to date, taking the company to the next level in the coming year.”
“Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there’s a dearth of public data,” says Forbes Executive Editor Brett Nelson. “We took a more comprehensive approach to evaluate their health and potential.”
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company’s health. Forbes married Mosaic’s data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects.