``San Diego-based DivX has 216 employees and was formed in 2000. In its first full year of operation in 2001, the company reported a $6-million net loss on revenue of $139,000.

In the six months ended June 30, DivX reported $5.9 million in net income on net revenue of $27.3 million. That compares with a reported $675,000 net loss on revenue of $14.1 million a year ago.

The company’s first product was a video compression-decompression software library, or codec, which has been downloaded over 180 million times in the past four years.

DivX plans to use the net proceeds for general corporate purposes as well as to acquire or license products, technologies, or businesses.``