The fleet tracking company posts significant three-year sales growth.
SCOTTSDALE, Ariz. & NEW YORK -- Inc. magazine ranked GPS Insight No. 281 on its 29th annual Inc. 500, a ranking of the nation’s fastest-growing private companies.
“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,” Robert Donat, CEO and founder of GPS Insight said. “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.”
GPS Insight was formed in 2005, and since 2006, the first year of this Inc. 500 ranking period, GPS Insight has seen 1,075 percent growth. The company 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.
The 2010 Inc. 500, unveiled in the September issue of Inc. magazine (available on newsstands until 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 percent, substantially up from last year’s 880.5 percent.
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.