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June 12, 2007
Germany's Mapsolute With Double Digit Growth
Mapsolute GmbH, the company behind Map24.com, is on an upward sales trajectory. It announced its sixth year of "continuous growth" with revenues up by 40% in the first quarter. It's unusual for a startup to announce its figures like this so we figure Mapsolute's owners are looking for a corporate finance event.
In an interview with Focus last year, the co-founder, 38 year old, Alexander Wiegand said that the firm is profitable and was doing about €10M in revenues. And that takeover offers are coming in at a fair clip. The startup employs about 60.
For once we're writing about a product from a startup that we actually use and for quite some time. Its route planner is great - it's got a clean way to deliver a lot of data, fast, tight design, and the company frequently updates its product with features you want.
Wiegand describes why his firm has been successful surviving in a market with some big names in it: steady revenues from customers like Daimler Chrysler and IBM, as well an internationalization strategy via direct and strategic partnerships with "successful players in the business of cartography in seven different countries". He said that its fourth subsidiary in Sao Paulo, Brazil is heading for a positive ROI in its first year.
Read - Internet Routenplaner (focus)
View Mapsolute's latest PR
Posted on June 12, 2007 05:33 AM | Posted to News And Updates | Online services | Permalink
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