Helsinki, Finland and King of Prussia, Pennsylvania, USA — November 22, 2013 –
Ecolane USA Inc. today announced the ranking of its parent company as the fourth fastest growing organization in Finland. While the focus of Ecolane’s business operations is predominantly in the United States, the cumulative growth rate of Ecolane’s Finnish entity reached 1,745% over the past five years. The Deloitte listing is based on Ecolane revenue in Finland in 2012, totaling 6.9 million Euros (US$9.3M). On a group level, Ecolane’s growth rate since 2008 totaled 2,203%.
Ecolane’s software solution for transit management enables fully automated personal transportation and paratransit services. Based on efficient, secure and reliable technology developed in Finland, Ecolane DRT solutions (Demand Responsive Transportation) are currently used by more than 50 private and public organizations across the United States.
“Ecolane aims to offer the most flexible, affordable and reliable choice for transit agencies tasked with implementing demand-response scheduling and dispatch solutions,” said Antti Hannula, Ecolane Chairman and Co-Founder. “Our core differentiator is a superior technological platform, built and perfected by the R&D team located in Finland, and based on the needs of our customers in the United States. We’re proud to be listed among the Deloitte Fast 50 and look forward to further growth and geographical expansion.”
Founded in 2002, Ecolane first set out to develop a dynamic online carpooling platform. The business was quickly refocused to empowering better paratransit services, initially in the Finnish and European markets. The US entity Ecolane USA Inc. was founded in 2008, and the region has since grown to be the company’s largest market area.
“Since joining Ecolane this spring, I’ve been impressed not only by the extremely fast growth, but by the passion of the Ecolane team to empower people in need of special transport, and to restore their ability to engage with their communities,” said Steve Ross, Ecolane’s US-based Global CEO. “While this is ultimately a technology company, and we’re focused on ensuring reliable real-time operation, underneath is a compelling social mission about people, not software.”
The next steps for Ecolane include expansion of sales in the United States, exploring opportunities in further geographies, and developing the next-generation Ecolane platform.
“Ecolane’s team is exceptional, close-knit and motivated to continue to build great products,” said Douglas Spears, VP of Product Development based in Finland. “We recently moved our R&D operations to a much larger office space to accommodate both the company’s growth as well as our intention to bring aboard new development and engineering talent.”
Deloitte Fast 50 ranks the fastest-growing technology companies based on their revenue growth over a five-year period. For the 2013 ranking, Deloitte analyzed revenues from 2008 to 2012. For more information on Deloitte Fast 50, please visit http://en.wikipedia.org/wiki/Deloitte_Fast_500.
Ecolane is the most flexible, affordable and reliable choice for transit agency managers, directors and decision-makers with responsibility for implementing easy-to-deploy, demand-response scheduling and dispatch solutions. Ecolane’s software platform restores community engagement to people who might not otherwise have access and mobility. With offices in Espoo, Finland and US headquarters outside Philadelphia, Pennsylvania, Ecolane is a technology leader in the demand responsive transportation (DRT) and the paratransit solutions market. For more information, please visit www.ecolane.com.