mophie Named to Inc. 500 List of America's Fastest-Growing Private Companies
Three-Year Strategic Growth Supports Debut of Brand in Top 50 Percent of Exclusive Ranking
SANTA ANA, Calif., Aug. 22, 2012 /PRNewswire/ -- mophie™, leader in developing innovative solutions that allow consumers to do more with their mobile devices, today announced its prominent ranking at no. 214 on Inc. magazine's sixth annual Inc. 500|5000, an exclusive list of the fastest-growing private companies in America. This is the first year mophie submitted itself for consideration, earning its spot in the top 50 percent of companies listed, and additional recognition as no. 20 in the ranking of consumer products and services category as well as no. 19 in the Los Angeles area, overall.
The placement on the 2012 list, to be published in Inc.'s September issue, is a result of the company's 1,709% growth over the previous three years, transforming the then $2.6 million company into a heavy hitter in the mobile device power solutions category, with nearly $50 million in revenue at the close of 2011.
"This is an exciting time of growth for mophie and our ranking on the Inc. 500 list is a great validation of the hard work of our entire team," said Daniel Huang, CEO of mophie. "What started as a home-grown business in the outskirts of Kalamazoo, Michigan, has evolved into a brand that is driving an entire category of power solutions for mobile devices. We are humbled by our success and motivated to continue developing products that meet the needs of the industry and our customers."
For more about mophie and its full suite of mophie products, please visit www.mophie.com.
mophie is a California-based, award-winning designer and manufacturer of accessories that let users do more with their portable devices. The brand is widely recognized and highly acclaimed for its creative designs and innovative solutions; specifically surrounding the juice pack, the first "Works With iPhone" portable battery solution certified by Apple Inc. All of mophie's products are developed to address real consumer and business needs and are seamless integrations of industrial, electronic, software and artistic designs. mophie products are available in more than 100 countries, and can be purchased in Apple stores worldwide, AT&T, Best Buy, Verizon, Sprint, and on www.mophie.com. Follow mophie on Twitter at twitter.com/mophie or on Facebook at facebook.com/mophielovesyou.
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 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.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
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