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HopStop Named One of the Fastest Growing Private Companies in America by Inc. Magazine(August 23, 2011)
New York, Aug. 23, 2011 (GLOBE NEWSWIRE) -- HopStop (http://www.hopstop.com), the leading provider of pedestrian navigation and mobile transit routing, today was named NO. 1,182 on Inc. Magazine’s fifth annual Inc. 500|5000 list, an exclusive ranking of the fastest growing private companies in the United States. The list represents the most comprehensive look at one the most important growth segments of the economy -- America’s independent entrepreneurs.
"We’re extremely honored to be included in this year’s Inc. 500|5000 and recognized as one of the fastest growing private companies in America," said Joe Meyer, CEO of HopStop. "We’re very proud of our 250% sales growth over the last three years, and look forward to even more growth moving forward as we continue to innovate in the field of pedestrian navigation both online, as well as across all of our popular mobile apps."
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.
HopStop (http://www.hopstop.com) is a leading location-based service that provides door-to-door mass transit, taxi, walking, biking and hourly car rental directions in 62 major metropolitan markets throughout the U.S., Canada, England, France and Russia. HopStop has also built a robust platform of 3rd party syndication tools and mobile applications including a top 10 iPhone app in iTunes, a top 5 Android app in the Amazon Appstore, a leading mobile site (http://m.hopstop.com), and advanced SMS/text messaging functionality for requesting and receiving transit directions. As a result, HopStop has grown into the largest provider of pedestrian navigation behind Google Maps, and one of the largest servers of hyper-local, geo-targeted ads based on the exact location of its millions of users. For more information visit http://HopStop.com.
More about Inc. and the Inc. 500|5000
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
About the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars--the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 22-24, 2011, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2011 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.
Phone: 646-558-1900, x17
Email: [email protected]
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