Maptuit reports record growth and profits

Navigo maker Maptuit reports record growths and increased revenue of 40 percent over the past year

Maptuit’s transportation revenue has increased by 40% over the past year, according to a recent announcement from the company. For the 12 months ending March 31, 2011, Maptuit reported “record growth.”

"Led by the rapid expansion of our flagship navigation product, NaviGo, Maptuit's transportation revenue increased by 40%,” said Luke Wachtel, Maptuit's executive vp of sales & marketing. During that time period, the NaviGo customer base of fleets also increased by 50%. In the first four months of 2011 the company reported that more than 60 additional fleets have subscribed to their navigation solution.

“We are especially proud of the progress we have made when you consider that NaviGo is a business tool that drives greater operational efficiencies and a significant ROI for the fleet, as well as an overall improved experience for the drivers,” Wachtel added. “Our team of professionals has worked diligently with our client base to train them on the different ways our products can be integrated into their daily lives.”

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