DivX Appoints Markus Moenig as Chief Technology Officer

DivX, Inc., a digital media company (NASDAQ: DIVX), today announced the appointment of Markus Moenig as Senior Vice President and Chief Technology Officer. Mr. Moenig will lead global engineering operations, where he will be responsible for the development of technologies designed to enable consumers to enjoy high-quality digital video across any device or platform. Chris Russell, who has served as DivX CTO since 2006, will continue to assist the Company in a consulting role focused on building relationships with premium content providers.

Mr. Moenig, who brings over 20 years of experience in the consumer and professional video markets to his new role, joined DivX in November 2007 with the Company's acquisition of MainConcept. Mr. Moenig founded MainConcept in 1993 at the age of 23 and grew the company into one of the leading worldwide suppliers of video technology with an award-winning implementation of H.264, the next-generation video codec widely adopted across the media industry. In his new role, Mr. Moenig will run the global DivX engineering organization and oversee the development of the DivX(R) technology platform, strategy and system architecture.

"Markus brings a broad and deep understanding of cutting-edge video technology coupled with a strong focus on organizational efficiency and execution, and we're very pleased that he will be joining our executive team in San Diego," said Kevin Hell, CEO of DivX, Inc. "I'd like to thank Chris Russell for his years of valuable service building a world-class engineering organization that has established DivX as a global standard for high-quality digital video on any device or platform."

"DivX has led the way to creating a seamless and powerful digital video experience for consumers with its respected products," said Markus Moenig, Senior Vice President and CTO of DivX, Inc. "I'm very pleased to move into the role of CTO and look forward to working closely with the excellent DivX engineering team to continue to develop and deploy innovative next-generation video technologies that further bridge the gap between the PC, the living room and versatile mobile environments. I believe we are well-positioned to build on the vast technology assets we have in place."

For more information about DivX, visit www.divx.com.

Source: foxbusiness.com