DivX, Inc.

The origin of DivX, Inc. began with video engineer Jérôme Rota (aka Gej), who made the original "DivX;-)" codec available on his personal website after he had reverse-engineered the Microsoft MPEG-4 V3 codec. Gej was looking for a way to compress his portfolio so he could transmit it using the Audio Video Interleave file format (AVI). The codec became popular because it enabled reasonable quality video transmission over the internet (see DivX). Co-founder Jordan Greenhall, a former Mp3.com executive, learned of the codec from friends, and used it to download a copy of "The Matrix". Greenhall eventually got in touch with Gej through an underground Dutch hacker group after a multi-month search. In early 2000, Greenhall put forward the idea of using the "DivX;-)" codec to found a company. With co-founders Joe Bezdek, Darrius Thompson and, Greenhall and Gej created DivXNetworks, Inc. After coming under scrutiny for the original "DivX;-)" codec, which was not a clean room design codec, DivXNetworks created a new, clean room codec.

In 2005, the company was renamed DivX, Inc. The company incurred net losses from its creation through the second quarter of 2005. The company was profitable for fiscal years 2005–07.

DivX, Inc. went public on September 27, 2006. It was listed on NASDAQ under the ticker symbol DIVX. In December 2006, DivX, Inc. was added to the Russell 2000 and Russell 3000 Indexes.

In November 2007, DivX bought MainConcept AG, a specialist provider of video and audio codec solutions.

In October 2010, Sonic Solutions completed their acquisition of DivX.

In February 2011, Rovi Corporation acquired Sonic Solutions (including the DivX business).

In April 2014, Rovi Corporation sold the DivX and MainConcept business to Parallax Capital Partners and StepStone Group.

In February 2015, NeuLion, Inc. acquired DivX, LLC.

In August 2007, DivX, Inc. announced that it had acquired the assets of Veatros, LLC, a Lawrence, Kansas-based company. Veatros developed video processing technology at the University of Kansas' Information and Telecommunication Technology Center. The technology can be used for video search and discovery. The deal was for $2 million in cash plus an additional $2.5 million upon completion of certain technology-related milestones.

In November 2007, DivX, Inc. purchased Aachen, Germany based MainConcept AG. DivX, Inc. paid $22 million for the company, and will pay up to additional $6 million upon the completion of certain milestones in 2008. MainConcept developed and distributes one of the most popular codecs using the H.264 standard.