STERLING, Va., Aug. 29, 2011 (GLOBE NEWSWIRE) -- SkyBitz®, the leader in remote asset tracking and information management solutions, has been named to Inc. Magazine’s Inc. 5000 list, an exclusive ranking of the fastest-growing private companies in America. This is the company’s fifth consecutive year appearing on the list. Inc. Magazine is one of the nation’s premiere business publications. Companies were selected based on percentage revenue growth from 2007 to 2010.

"To make the Inc. 5000 list for five consecutive years is a testament to the talented team and customer-focused culture here at SkyBitz," said Craig Montgomery, Senior Vice President, Marketing, Customer Care, and Product Management for SkyBitz. "Having such a skilled and experienced team has helped our continued successes and growth. Their dedication makes it possible for us to continue to innovate and offer the industry's leading asset management technology solutions."

To qualify companies must have been founded and generating revenue by March 31, 2007. Additionally, a company must have been U.S.-based, privately held, for profit and independent. Revenue in 2007 must have been at least $100,000 with revenue of at least $2 million in 2010.

"We have been able to offer a truly unique set of technology solutions to provide fast and actionable information needed for successful asset management," added Montgomery. "Clients value our products and services, because we help them not only get greater visibility in their assets and supply chain but also we help them to make smarter decisions.

SkyBitz specializes in real‐time decision-making solutions for companies with unpowered assets. Their best-in-class tools are able to calculate asset position in mere seconds, dramatically reducing power consumption and the cost and inconvenience associated with frequent battery replacement. As a result, customers get position reports faster and with less power consumption and longer battery life. The company continues to leverage its patented Global Locating System (GLS) technology while expanding globally and across new verticals including construction and heavy equipment, intermodal, government, oil, gas and chemical industries.

About SkyBitz, Inc.
SkyBitz is a leader in global remote asset management solutions, providing real-time information on the location and status of assets. More than 700 enterprises rely on SkyBitz technology to achieve total asset visibility, improved security, lower operating and capital expenses, and enhanced customer service. SkyBitz delivers its solution via SkyBitz Insight, a secure web-based application that is fully customizable and requires no software downloads. SkyBitz is a privately held company backed by Garvin Hill Capital Partners LLC, Highstar Capital, Inverness Graham Investments, Motorola Solutions and ITV, a fund of Cordova Ventures. For additional information, visit www.skybitz.com or the company blog at www.skybitz.com\blog">www.skybitz.com/blog

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