Operations

Industry GPS Navigation Provider Lands On Inc. 500 List

Posted on August 25, 2010

GPS Insight ranks no. 281 on the 2010 Inc. Magazine 500 list with three-year sales growth of 1,075%.

SCOTTSDALE, Ariz. - Inc. magazine ranked GPS Insight No. 281 on its 29th annual Inc. 500, an exclusive ranking of the nation's fastest-growing private companies.

The list represents the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Zipcar, Clif Bar, American Apparel, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.

"Fast growth at any time is a big achievement; fast growth during the past few years is just short of miraculous," said Inc. editor Jane Berentson in a statement.

"The Inc. 500 consists of these just-short-of miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times."

GPS Insight -- a supplier of reliable GPS tracking, navigation, and messaging technology for fleet-based customers -- was formed in 2005. Since 2006, the first year of this Inc. 500 ranking period, GPS Insight has seen 1,075% growth. It had revenues of $7.7 million in 2009. GPS Insight is the only GPS fleet tracking company ranked in the Inc. 500 this year which was covered in the CJ Driscoll & Associates Mobile Resource Management Report.

Robert Donat, CEO and Founder of GPS Insight, said, "GPS Insight was founded at the right time, with the right people and the right technology to satisfy the increasing GPS Tracking needs of the fleet community. Our strong growth since inception, and through the economic downturn, continues to prove how vital our technology is to fleet companies to remain competitive and efficient. We continue to experience significant growth and look forward to being included on Inc.'s list in the future. We appreciate this prestigious honor."

The 2010 Inc. 500, unveiled in the September issue of Inc. magazine (available on newsstands Aug. 24 to Nov. 16 and on Inc.com), is a group of companies that are smaller but much faster-growing than last year's crop. Aggregate revenue is $11.3 billion - down from last year's $18.4 billion - but median three-year growth is 1,231%, substantially up from last year's 880.5%. The companies on this year's list employ more than 45,000 people. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at Inc.com/500.

Source: GPS Insight

Related Topics: accident reduction, driver training, fleet tracking, gadgets, GPS Navigation, trip tracking

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