inthinc Recognized as one of Nation's Fastest Growing Private Companies
SALT LAKE CITY - Aug. 20, 2009 - inthinc, Inc. (www.inthinc.com), a developer and manufacturer of technologies to improve driving safety, has been recognized by Inc. magazine as one of the fastest-growing private companies in the United States. inthinc had a three-year growth rate in revenue of 103.4 percent for a ranking of #2776.
"We are honored to be recognized by Inc. magazine for the growth that has taken place at inthinc," said Todd Follmer, CEO of inthinc. "We are looking forward to even greater growth in the coming year as our driving solutions that have proven to save lives and reduce costs in the heavy industrial space will be available for both commercial fleets and teen drivers."
inthinc's driving safety solutions monitor and mentor drivers to increase safety and improve driving behavior to save lives. Its three core applications are designed to meet the needs of industrial fleets, light fleets and teen drivers. Inovar, an inthinc company, is a contract electronics manufacturer that builds inthinc's proprietary driving safety products while also providing manufacturing, engineering, warranty and fulfillment services to industries such as military, aerospace, medical and automotive.
"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 list is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate," said Inc. 5000 project manager Jim Melloan. "That's why our list is so eagerly anticipated every year."
The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. All companies listed are U.S.-based, privately held, for profit, and independent with 2008 revenue of at least $2 million. The 2009, Inc. 5,000 reported median revenue of $9.4 million and median three-year growth of 140 percent. Complete information on the 2009 Inc. 5,000 can be found at www.inc.com/inc5000.