KPMG 1Start and AlwaysOn Editors Recognize Gracenote's Leadership in Digital Information Services, Award Music Content Category
Berkeley, California, (June 23, 2003) - Gracenote®, the worldwide leader in information services for digital music and media, today announced that it has been selected by AlwaysOn™, the media company that covers innovation in technology and business, for the highly -anticipated AO100 Top Private Companies. AlwaysOn editors compiled the list with assistance from KPMG's emerging business practice, KPMG 1Start. The two groups surveyed more than 1,000 venture investors, investment bankers, top entrepreneurs and executives, who nominated more than 700 companies for the competition. The full list can be found at www.alwayson -network.com.
All innovators in their given technology sectors, each of the AO100 winners were selected for leadership in at least two areas: market traction measured by revenue or customer growth and game -changing approaches and technologies that are likely to disrupt existing markets and entrenched players.
The premise of the competition is that consumers and businesses are demanding greater access to the Web for more convenience and productivity, and these demands are beginning to drive the next boom in high technology.
"We believe Gracenote occupies a unique position in the digital music and media industry. The company offers the most compelling technology and suite of services to consumer electronics manufacturers, digital media software developers, and ultimately, the consumers who enjoy all the functionality they get from Gracenote -enabled products," stated Sameer Gandhi, a partner at Sequoia Capital.
"We're excited to be recognized by AlwaysOn for our successes," stated Craig Palmer, president and CEO of Gracenote. "Gracenote is defining the next generation of digital music technology. Our goal is to provide services for digital music and media that make music listening more accessible, compelling and enjoyable. Gracenote -enabled devices are changing the way people experience music, whether they listen to music on media players, home stereos, MP3 players, car stereos, or wireless devices. In addition to providing the global industry standard for music recognition, we enable enhanced functionality, such as automatic playlist creation, music -related content, and DVD recognition.
Gracenote® is the worldwide leader in information services for digital music and media. Based in Berkeley, California, Gracenote provides integrated software and services for consumer electronics manufacturers and software developers.
Gracenote's information services are used by leading media players including AOL's Winamp, Apple's iTunes and RealNetworks RealOne Player; as well as leading consumer electronics manufacturers including Alpine, Clarion, D&M Holdings, Digion, Fujitsu Ten, JVC, Kenwood, Matsushita, Panasonic, Onkyo, Pioneer, Sanyo, Sharp, Sony, TDK and Yamaha. For more information about Gracenote, go to www.gracenote.com/corporate/
AlwaysOn (AO) is a media company dedicated to connecting global leaders and technology industry insiders whose ideas and innovations are shaping the always -on world. AO's founding premise is that consumers and businesses are demanding greater access to the Web for more convenience and productivity, and these demands are beginning to drive the next boom in high technology.
To serve its global membership, the company launched the AlwaysOn Network (www.alwayson -network.com) in January of 2003. The AO Network is pioneering a new form of participatory journalism that directly connects industry thought -leaders to their global constituency. The company will be bringing its online community to life on July 15 at AO2003: The Innovation Summit. AO2003 is an annual event held at Stanford Law School at Stanford University where global technology leaders analyze and debate the commercial opportunities surrounding emerging always -on technologies, services, and business strategies.
AlwaysOn, LLC, is a privately held and virtually headquartered company born out of the heart of Silicon Valley.