Released on: 31, December 1969
, Author: TeleNav, Inc. Industry: Software Press Release Summary: TeleNav, Inc. is ranked third in Deloitt
, Audience: Software related
yvale, Calif. - October 24, 2007 - TeleNav, Inc., the firstcompany to launch a GPS service for cell phones in the U.S., has been ranked thirdin Deloitte's Wireless Fast 50 Program, a ranking of the 50 fastest growing wirelesscompanies by Deloitte & Touche USA LLP, one of the nation's leading professionalservices organizations. TeleNav has also been named a finalist in Deloitte'sprestigious Technology Fast 50 Program for Silicon Valley, a ranking of the fastestgrowing technology, media, telecommunications and life sciences companies in theregion. Rankings are based on the percentage fiscal year revenue growth over fiveyears from 2002-2006.TeleNav's President, CEO and Co-Founder HP Jin credits the company's focus oninnovation and the growth of GPS-enabled cell phones with the company's 16,666percent revenue growth from 2002-2006. "We pride ourselves on being at the forefrontof the location-based services industry, and have an exciting track record in marketinnovation," said Jin. "We were the first company to bring a GPS service to mobilephones in the U.S., and are currently the only company to offer a mobile applicationthat includes 3D GPS navigation, social networking, one-click traffic rerouting,cheapest gas prices and local search, all in one. We are also providing GPS servicesto thousands of companies through our enterprise LBS application which includesmobile tracking, dispatching and navigation.""The wireless industry is on the cusp of great changes as new technologies such asWiMax and 3G upend the market, and yet we are only scratching the surface of what ispossible," said Phil Asmundson, vice chairman, US Technology, Media & Entertainmentand Telecommunications, Deloitte & Touche USA LLP. "Our first-ever Deloitte WirelessFast 50 awards underscore the potential for both innovation and business performancein this evolving sector. These companies have achieved sustained growth whilenavigating constant change, and are beacons of a promising future for the wirelessindustry."To qualify for the Wireless Fast 50, companies must have had operating revenues ofat least $50,000 in 2002 and $5,000,000 in 2006. They must own proprietary wirelesstechnology or proprietary wireless intellectual property that contributes to asignificant portion of their operating revenues, or devote a significant proportionof revenues to the research and development of wireless technology. Using othercompanies' wireless technology or intellectual property in a unique way does notqualify.Companies from the Wireless Fast 50 program are automatically entered in Deloitte'sTechnology Fast 500 program, which ranks North America's top 500 fastest growingtechnology, media, telecommunications and life sciences companies. For moreinformation on Deloitte's Wireless Fast 50 or Technology Fast 500 programs, visitwww.fast500.com.About TeleNav Inc.TeleNav, Inc., a privately-held company headquartered in Sunnyvale, California, wasthe first to launch a cell phone GPS system in the United States. Deployed by 13carriers in 20 countries, TeleNav is a global leader in wireless location-basedservices (LBS). Currently, the company's solutions are available in four continents,including North and South America, Asia and Europe.TeleNav's solutions include GPS navigation, Mobile Resource Management (MRM), assetGPS tracking (AVL) and local search. The company's flagship product, TeleNav GPSNavigator(tm), is comparable to in-car systems found in luxury vehicles, offering asuperior experience with functionality, such as automatically-updated maps andbusiness locations, full color 3D moving maps, traffic alerts and one-clickrerouting, location-sharing, business reviews, speech recognition, Wi-Fi hotspotfinder, lowest-price fuel finder and more. TeleNav's enterprise application, TeleNavTrack, incorporates GPS-enabled tracking, time sheets, wireless forms andnavigation. TeleNav Track is currently the most popular service of its kind, withover 8,000 customer organizations.TeleNav is available on more than 200 wireless devices and runs on all mobileplatforms currently available. TeleNav's partners include Sprint Nextel, AT&T,T-Mobile USA, Alltel, Boost Mobile, Qwest, SouthernLINC Wireless, Rogers, BellMobility, T-Mobile Austria, China Mobile, Vivo Brazil, Research In Motion (RIM),Motorola, Samsung, Sanyo, LG, Palm, HTC, Hewlett Packard, Nokia, NAVTEQ, Tele Atlas,deCarta, INRIX, Qualcomm and SiRF Technology Holdings. For more information on TeleNav, please visit www.telenav.com.About DeloitteDeloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, itsmember firms and their respective subsidiaries and affiliates. As a Swiss Verein(association), neither Deloitte Touche Tohmatsu nor any of its member firms has anyliability for each other's acts or omissions. Each of the member firms is a separateand independent legal entity operating under the names "Deloitte", "Deloitte &Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided bythe member firms or their subsidiaries or affiliates and not by the Deloitte ToucheTohmatsu Verein. Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In theUS, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte& Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP,Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.###
Source: Express-Press-Release.com
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