Divx is a pioneer of digital video software. Through its free desktop software and certified devices, DivX provides a global community of users technology and tools to watch, convert, and cast their video. Their software has been downloaded over 1 billion times and there are over 1 billion devices worldwide that play back DivX video. Karmel Capital advised Parallax Partners and StepStone group in their acquisition of DivX from Rovi Corporation (NASDAQ: TIVO).