Ranked 247 in Fastest Growing Companies in North America on Deloitte’s 2008 Technology Fast 500
Attributes its 704.25% Percent Revenue Growth to Demand for Operational Efficiency in the Enterprise
Irvine, CA December 11, 2008 — Telogis, Inc today announced that it ranked number 247 on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003—2007. Telogis grew 704.25 percent during this period.
Dave Cozzens, CEO of Telogis, credits their steady growth to the critical demand for increased efficiency many businesses face today, “The current economic climate is driving all companies to reduce spending, especially capital expenses,” adds Cozzens, “Productivity gains and cost cutting are a priority — although fuel prices are dropping they are still a key cost driver.”
Telogis' product portfolio consists of a comprehensive wireless fleet management solution called OnTrack and a proprietary geospatial platform and mapping solution, GeoBase.
OnTrack, the Company's GPS-based fleet productivity and management platform is a scalable, easy-to-use, Software as a Service (“SaaS”) solution for fleets. OnTrack enables fleet managers to improve productivity and reduce operating costs by providing secure, remote access to real-time GPS vehicle and driver information as well as providing route optimization and handheld products for fleet optimization.
OnTrack's strength comes from the platform it is built upon, GeoBase. GeoBase is the company's market-leading geospatial platform and mapping solution for application developers, systems integrators, enterprise users and telematics OEMs. Features include rich and detailed maps, navigation, geocoding, reverse geocoding and route optimization.
“Deloitte's Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America's most innovative and competitive market sectors,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. “We congratulate Telogis on this significant accomplishment.”
The Fast 500 is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
In addition to ranking on Deloitte's Technology Fast 500, Telogis ranked 12th on the Deloitte Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Orange County, CA.
Telogis, the leading global platform for Location Based Services, is dedicated to enhancing the value of our customer's business through intelligent integration of location technology, information and services. Telogis was established in 2001 and is headquartered in Irvine, CA and has a development center in Christchurch, New Zealand. Telogis powers over 350,000 mobile devices and its software products and services are used and distributed in over 40 countries worldwide. To learn more about Telogis visit our website at www.telogis.com or call toll free at 866-TELOGIS (866-835-6447).