NEW YORK, NY--(Marketwired - Aug 27, 2013) - Inc. magazine today ranked Fuhu, Inc., creators of the award winning nabi, NO. 1 on its 32nd annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy -- America's independent entrepreneurs. Companies such as Microsoft, Zappos, Jamba Juice, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500|5000.
"We are incredibly honored to be recognized as the No. 1 fastest growing, most innovative and inspiring company in America. It is a privilege to be on the prestigious Inc. 500 list, sharing the rare pedigree with some of the most category defining companies in the world," said Jim Mitchell, CEO of Fuhu. "This recognition would not be possible today without the unrelenting passion of our employees in their dedication and the trust and support from our partners."
Fuhu is dedicated in delivering the most innovative experiences for families, partnering with top entertainment companies and studios such as DreamWorks, Disney, Nickelodeon, Cartoon Network and retail giants such as WalMart, Best Buy and Target.
Established in 2008, Fuhu is committed to bringing "thoughtful" experiences in entertainment and education to children through its innovative consumer products and services. In 2011, Fuhu created the world's first full-featured Android tablet made just for kids and in just a year, nabi tablet became the #1 selling tablet for children.
In addition to ranking No. 1 on the Inc. 500 list, Fuhu, Inc. also ranked No. 1 on several other fastest growing lists such as Consumer Products & Services Companies in America, No. 1 on fastest growing California Companies and No. 1 on fastest growing Los Angeles Metro Companies.
The 2013 Inc. 500, unveiled in the September issue of Inc. (available on newsstands August 20 to November 20 and on Inc.com), is the most competitive crop in the list's history. To make the cut, companies had to have achieved a staggering minimum of 918.59% in sales growth. The Inc. 500' s aggregate revenue is $14.1 billion, with a median three-year growth of 1739 percent. The companies on this year's Inc. 500 employ more than 52,100 people and generated over 44,912 jobs in the past three years. Complete results of the Inc. 500|5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/500.
"Not all the companies in the Inc. 500|5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy," says Inc. magazine Editor Eric Schurenberg.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 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.
About the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars -- the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list's alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us October 10-12, 2013, at the Gaylord National Resort & Convention Center in Washington, DC. For more information about the 2013 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.
About Fuhu, Inc.
Fuhu, Inc., creator of the nabi tablet, is a leading designer, seller and innovator of thoughtful consumer products and services for children. Fuhu is committed to creating children's solutions that are: (1) socially responsible, (2) made right, (3) make a difference in people's lives, (4) for parents by parents, and (5) dedicated to the intellectual development of children. Fuhu is headquartered in El Segundo, Calif., with other U.S. offices in Denver and San Jose. For more information, visit www.fuhu.com and www.nabitablet.com.