TeleNav Ranked Third in Deloitte`s Wireless Fast 50
Released on: October 24, 2007, 12:26 pm
Press Release Author: TeleNav, Inc.
Industry: Software
Press Release Summary: TeleNav, Inc. is ranked third in Deloitte\'s
Wireless
Fast 50
and is a finalist in Deloitte\'s Technology Fast 50 Program in Silicon Valley.
Press Release Body: Sunnyvale, Calif. - October 24, 2007 - TeleNav, Inc., the first
company to launch a GPS service for cell phones in the U.S., has been ranked third
in Deloittes
Wireless Fast 50 Program, a ranking of the 50 fastest growing
wireless
companies by Deloitte & Touche USA LLP, one of the nation\'s leading professional
services organizations. TeleNav has also been named a finalist in Deloitte\'s
prestigious Technology Fast 50 Program for Silicon Valley, a ranking of the fastest
growing technology, media, telecommunications and life sciences companies in the
region. Rankings are based on the percentage fiscal year revenue growth over five
years from 2002-2006.
TeleNav\'s President, CEO and Co-Founder HP Jin credits the company\'s focus on
innovation and the growth of GPS-enabled cell phones with the company\'s 16,666
percent revenue growth from 2002-2006. \"We pride ourselves on being at the forefront
of the location-based services industry, and have an exciting track record in market
innovation,\" said Jin. \"We were the first company to bring a GPS service to mobile
phones in the U.S., and are currently the only company to offer a mobile application
that includes 3D GPS navigation, social networking, one-click traffic rerouting,
cheapest gas prices and local search, all in one. We are also providing GPS services
to thousands of companies through our enterprise LBS application which includes
mobile tracking, dispatching and navigation.\"
\"The wireless industry is on the cusp of great changes as new technologies such as
WiMax and 3G upend the market, and yet we are only scratching the surface of what is
possible,\" said Phil Asmundson, vice chairman, US Technology, Media & Entertainment
and Telecommunications, Deloitte & Touche USA LLP. \"Our first-ever Deloitte Wireless
Fast 50 awards underscore the potential for both innovation and business performance
in this evolving sector. These companies have achieved sustained growth while
navigating constant change, and are beacons of a promising future for the wireless
industry.\"
To qualify for the Wireless Fast 50, companies must have had operating revenues of
at least $50,000 in 2002 and $5,000,000 in 2006. They must own proprietary
wireless
technology or proprietary wireless intellectual property that contributes to a
significant portion of their operating revenues, or devote a significant proportion
of revenues to the research and development of wireless technology. Using other
companies
wireless technology or intellectual property in a unique way
does not
qualify.
Companies from the Wireless Fast 50 program are automatically entered in Deloitte\'s
Technology Fast 500 program, which ranks North America\'s top 500 fastest growing
technology, media, telecommunications
and life sciences companies. For more
information on Deloitte\'s Wireless Fast 50 or Technology Fast 500 programs, visit
www.fast500.com.
About TeleNav Inc.
TeleNav, Inc., a privately-held company headquartered in Sunnyvale, California, was
the first to launch a cell phone GPS system in the United States. Deployed by 13
carriers in 20 countries, TeleNav is a global leader in wireless
location-based services (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), asset
GPS tracking (AVL) and local search. The company\'s flagship product, TeleNav GPS
Navigator(tm), is comparable to in-car systems found in luxury vehicles, offering a
superior experience with functionality, such as automatically-updated maps and
business locations, full color 3D moving maps, traffic alerts and one-click
rerouting, location-sharing, business reviews, speech recognition, Wi-Fi hotspot
finder, lowest-price fuel finder and more. TeleNav\'s enterprise application, TeleNav
Track, incorporates GPS-enabled tracking, time sheets, wireless forms and
navigation. TeleNav Track is currently the most popular service of its kind, with
over 8,000 customer organizations.
TeleNav
is available on more than 200 wireless devices and runs on all mobile
platforms currently available. TeleNav\'s partners include Sprint Nextel, AT&T,
T-Mobile USA, Alltel, Boost Mobile, Qwest, SouthernLINC Wireless, Rogers, Bell
Mobility, 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 Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its
member firms and their respective subsidiaries and affiliates. As a Swiss Verein
(association), neither Deloitte Touche Tohmatsu nor any of its member firms has any
liability for each other\'s acts or omissions. Each of the member firms is a separate
and independent legal entity operating under the names \"Deloitte\", \"Deloitte &
Touche\", \"Deloitte Touche Tohmatsu\" or other related names. Services are provided by
the member firms or their subsidiaries or affiliates and not by the Deloitte Touche
Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the
US, 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.
###
Web Site: http://www.telenav.com
Contact Details: Mary Beth Lowell
TeleNav, Inc.
425-531-0122
marybethl@lewispr.com
Amy White / Cari Goodrich
LEWIS PR
Amy: 619-677-2700
Cari: 408-573-3663
telenav@lewispr.com
2009
