San Mateo, CA (PRWEB) September 22, 2011
Movoto.com today announced Inc. magazine ranked the company number 530 on its fifth annual Inc. 500|5000 and number 13 among the fastest growing private real estate companies. The Inc. list represents the deepest look at the most important segment of the economy—America’s privately held entrepreneurs. Online retailer ideeli tops this year’s list. Movoto joins Valuation Management Group, Zillow, Campus Habitat and Innotion Enterprises among other fast growing real estate brands qualifying for this year’s list.
Movoto real estate, based in northern California, helps home buyers find residential real estate with an easy to use, accurate homes for sale search website and helps consumers meet a top local real estate agent. Movoto was number 13 among the fastest-growing real estate companies. “We were surprised to realize Movoto grew 600%+ during the tough real estate market of the last few years and we’re proud that our success is being acknowledged 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.
Founded in 2005, Movoto (more about 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. Movoto helps buyers find California real estate as well as homes in 27 other states.
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 http://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.