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Snapfinger Named to OnMobiles Top 100 List of Emerging Companies in Mobile(July 11, 2011)
Alpharetta, GA (PRWEB) July 11, 2011
Snapfinger, the nations largest remote food ordering application, announced it was named to the OnMobile 100 a listing of the top 100 venture capital-backed emerging companies in mobile. The firms named to the list are thought to be pioneers, creating viable business models for the mobile marketplace.
Compiled by AlwaysOn, along with its partners at Morgan Stanley, DCM, KPMG, Hewlett-Packard, Blackstone Group, Bridge Bank, Norwest Venture Partners, Fenwick & West, and Silicon Valley Bank, in addition to industry experts across the globe, the OnMobile 100 list includes one hundred private companies that are pushing aggressively into the mobile space and creating solutions that will lead to huge value-creation opportunities. Inclusion in the list is based upon the following criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
We are honored to make the OnMobile Top 100 List, said Jim Garrett, CEO, Snapfinger. This distinction underscores our lead position in the marketplace, and how our commitment to being the leading mobile restaurant application more than four years ago has paid off. With more than 700,000 downloads of our Snapfinger app, it has proven to be far and away the most popular restaurant ordering application representing slightly more than 80% of all our transactions in the past twelve months. I would say that consumer adoption for mobile ordering has definitely arrived.
With mobile applications for iPhone, iPad, and Android devices, Snapfinger allows users to quickly place to-go and delivery orders from their extensive nation-wide network of restaurants. But the value of the company goes far beyond the Snapfinger app. Snapfinger is also responsible for more than two dozen private labeled restaurant ordering applications for some of the industrys most recognized chains including Outback Steakhouse, California Pizza Kitchen and Subway.
Snapfinger is a business solution that drives customer acquisition, frequency, and increase in average order size for restaurants, explained Garrett. Our mobile applications literally put restaurants in the hands of the customers. This enables restaurants -- both large and small -- to capitalize on the shift in consumer preferences for self-service and access on demand. Not only are more folks mobile today, but they are also looking to their local restaurants for carry-out convenience, variety, and daily specials.
Rapid innovation is a key success driver for start-ups today, said Josh Goldman, General Partner at Norwest Venture Partners (NVP). We invest in companies that possess the innovation DNA to adapt and develop solutions that allow them to fully capitalize on market opportunities, and thats exactly what Snapfinger has done with the mobile marketplace. The companys investment in developing solutions that address both consumer demands as well as business needs is continuing to drive growth. We are pleased to see Snapfinger recognized on the Top 100 List of Emerging Companies in Mobile.
Snapfinger, Inc. is the nations largest restaurant online ordering site serving more than 30,000 restaurant locations in over 3,200 cities, and provides exclusive online ordering access to more than 35 national restaurant brands. Snapfinger is based in the Atlanta area and is the leader in Web-based remote ordering solutions for the restaurant industry. The Snapfinger mobile application is available as a free download from iTunes App Store and Android Market. For more information, visit http://www.snapfinger.com.
Questions about this release should be directed to Melissa Thurber, Director of Marketing, Snapfinger, at mthurber(at)snapfinger(dot)com .
Read the full story at http://www.prweb.com/releases/2011/7/prweb8630331.htm.
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