GPS Technology Franchise Company Posts 260.2 Percent Growth and $6.5 Million in Revenue over a Three-Year Period
August 29, 2008 // Franchising.com // Inc 5000 Deer Park, NY – Vehicle Tracking Solutions (VTS), a New York based fleet management provider, announced today that it has been honored in the Inc. 5000 as one of the fastest growing companies in the country. VTS was named No. 1454 on the list overall and No. 19 on the list of the Top 100 Transportation Companies after posting 260.2 percent growth and $6.5 million in revenue over the examined three-year period.
"Making the Inc. 5000 is a great honor and a huge step for Vehicle Tracking Solutions," commented John M. Cunningham Jr., President of Vehicle Tracking Solutions. "Having a fantastic team behind us servicing our customers allows us to grow to our full potential. Being ranked by Inc. is a testament to the diligent and dedicated staff we have at VTS."
Vehicle Tracking Solutions installs automatic vehicle location hardware in fleet vehicles so management can track latitude, longitude, heading, speed and engine idle status using one of twenty-four Department of Defense satellites. Inc. believes the company is growing because its 90 day risk-free trial strategy for its web- and software-based products has boosted direct sales.
According to the official Inc. 5000 company profile, VTS is noteworthy because "the company has no venture capital and no debt and uses only homegrown technology. It plans to expand its franchise program nationwide and open three additional corporate locations within the next three years."
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007..
About Vehicle Tracking Solutions
Vehicle Tracking Solutions is a Long Island based company, and is a leading provider of Automatic Vehicle Location (AVL) devices and fleet management solutions. VTS tracks more than 11,000 vehicles 24 hours a day for clients in 32 states. Operating since 2002, VTS has experienced double-digit growth over the past four years. VTS operates offices in New York, Massachusetts, North Carolina, Connecticut and Texas, and is the only company in the AVL industry to offer franchise opportunities.
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