Inc. Magazine Recognizes inthinc as One of America's Fastest-Growing Private Companies
SALT LAKE CITY - 08/23/2011 - inthinc Technology Solutions Inc., a global telematics company centered on fleet management and driver safety solutions, today announced that it has been recognized by Inc. magazine's 2011 'Inc. 5000' ranking of the fastest-growing private companies in the country. In an announcement that took place today, inthinc ranks No. 3702 on the list, with three-year sales growth of 42 percent, including more than 120 percent revenue growth from 2009 to 2010.
The company's CEO, Todd Follmer, credits inthinc's growth to its aggressive approach in working with global corporations to simplify the role of fleet managers by reducing fuel costs, increasing safe driving behavior and delivering real-time fleet performance information. inthinc solutions provide commercial fleets with real-time intelligence that drives high operational ROI while significantly improving driver performance.
"inthinc is pleased to be recognized on this year's Inc. 5000," said Follmer. "Being selected to appear on the list for a second time demonstrates the growing telematics industry as a whole and the increased value global corporations are placing on more accurately measuring the efficiency of its vehicles and drivers. inthinc is committed to helping our customers succeed and we are confident this industry will continue to see exponential growth over the coming years."
According to Inc. magazine, in a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year's list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
inthinc is a global company centered on telematics, fleet solutions and driving safety. Its breakthrough driving safety solutions are designed to safeguard lives, save money and protect the environment. inthinc technology dramatically improves driver behavior and has been documented to reduce accidents by more than 80 percent. For more information, please visit http://www.inthinc.com.