Forbes Honors Limos.com as one of "America's Most Promising Companies" Largest online marketplace for private car service disrupts $36 billion travel category
SAN FRANCISCO, Dec. 1, 2011 /PRNewswire/ -- Limos.com, the world's largest online marketplace for private car service, has been recognized by Forbes as one of "America's Most Promising Companies." The list, available today on Forbes.com and on newsstands next week, ranks Limos.com #33 out of 100 companies, and places Limos.com #1 among the featured travel brands.
Forbes' list of "America's Most Promising Companies" features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.
"Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there's a dearth of public data," says Forbes Executive Editor Brett Nelson. "We took a more comprehensive approach to evaluate their health and potential."
The recognition by Forbes culminates a year of strong momentum for Limos.com. In March, the company received a $10 million cash infusion to help revolutionize the ground transportation industry by empowering businesses and consumers to search, compare and book private cars online and on the go. Limos.com offers easy access to thousands of affordable and dependable private cars in 71 countries at discounts of up to 40 percent off standard rates. With exclusive search technology, in-depth customer reviews and transparent pricing, Limos.com consistently delivers more ways to find the perfect town car, SUV or limousine for any occasion.
"U.S. businesses and consumers spend $36 billion annually on chauffeured transportation, and 95 percent of those reservations are still made offline," said T.J. Clark, president and CEO of Limos.com. "After helping create Hotwire.com in 2000, our team set out to develop a centralized, online marketplace of private cars, giving businesses and consumers easy access to local operators, transparent pricing and online controls – all of which have been instrumental in saving people millions in air, hotel and rental cars for over a decade. Building Limos.com has been a labor of love and we're honored to be recognized among the most promising companies in America by Forbes magazine."
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company's health. Forbes married Mosaic's data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects.
Headquartered in San Francisco, Calif., Limos.com is the world's largest marketplace for people to search, compare and book private car service online and on the go. Limos.com empowers leisure and business passengers by offering easy access to thousands of affordable and dependable drivers at discounts of up to 40 percent off standard rates. With exclusive search technology and in-depth customer reviews, Limos.com consistently delivers more ways to find the perfect car or limousine service for any occasion. Join the Ride Revolution at Limos.com.
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CONTACT: Tim Black, Limos.com PR Director, at 415-992-8116 and firstname.lastname@example.org