EL SEGUNDO, CA--(Marketwired - Jan 29, 2014) - Fuhu, Inc., creator of the award-winning nabi® tablet, has just been named America's Most Promising Company by Forbes magazine. Forbes' third annual list of "America's Most Promising Companies" recognizes 100 privately-held, high-growth companies throughout the country and companies that made the cut boast compelling business models, strong management teams, as well as notable customers and investors.
Taking top spot on the list marks the latest accolade for Fuhu, which has enjoyed much success over the past year. Fuhu was declared America's #1 Fastest Growing Company by Inc. Magazine in 2013 and PC Magazine named nabi® the best tablet for kids. Additionally, earlier this month they announced the DreamTab, a groundbreaking, state-of-the-art new tablet designed from the ground-up just for kids, in partnership with DreamWorks Animation (NASDAQ: DWA) and Intel (NASDAQ: INTC).
Jim Mitchell, CEO of Fuhu, said, "We are privileged and honored to rank #1 on this distinguished list among such cutting-edge companies. This honor serves both as a marker that we are on the right path of executing our vision and an inspiration to continue forging ahead. We are grateful to all our partners, investors for their strong support and employees for their passion and dedication."
In addition to Fuhu, which is ranked #1, the list of "America's Most Promising Companies" also recognized other stellar companies over the past few years across various industries including Popchips and Thrillist. In creating the list, Forbes strove for a holistic gauge of young, privately-held businesses, attempting to pin down their trajectories by taking a range of variables into account. Over the course of four months, Forbes reviewed hundreds of applications. The final assessment is based on growth (both in sales and hiring), quality of management teams and investors, margins, market size and key partnerships. After verifying sales numbers, speaking with each company and debating their merits and blemishes, Forbes produces a final ranking.
The full list of companies is available online at http://www.forbes.com/most-promising-companies/
About Fuhu, Inc.
Fuhu, Inc., the creator of the nabi tablet, is the 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, Inc. is the No. 1 Fastest-Growing Private Company amongst 5,000 in America as ranked by Inc.'s exclusive 32nd Inc. 500|5000 list. Fuhu is headquartered in El Segundo, Calif., with offices in Denver, San Jose, China, Hong Kong, Taipei and Japan. For more information, visit www.fuhu.com and www.nabi.com.