San Mateo, CA, Sept. 22, 2011 (GLOBE NEWSWIRE) -- Movoto.com today announced that Inc. magazine ranked the company NO. 530 on its fifth annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy--America’s independent entrepreneurs. Online retailer ideeli tops this year’s list. Movoto joins Valuation Management Group, Zillow, Campus Habitat and Innotion Enterprises among other prominent real estate brands featured on this year’s list.
Movoto real estate makes it easy to find residential real estate with their home search site and helps buyers meet a top local real estate agent. Movoto was ranked 13th among the fastest-growing real estate companies. "Movoto has grown rapidly in a difficult real estate market and we’re proud that our success is being recognized by inclusion in the Inc. 5000" said Henry Shao, CEO and Founder of Movoto.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor Jane Berentson.
About Movoto
Founded in 2005, San Mateo, CA based Movoto is led by an experienced team of licensed real estate industry veterans and internet technology experts with a shared vision of empowering real estate consumers. Movoto provides a unique online home buying solution that combines innovative, easy-to-use homes for sale research tools with ready access to a network of pre-qualified and experienced local real estate agents.
| More about Inc. and the Inc. 500|5000 |
Methodology
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.