Transit software provider DoubleMap received the Scale-up Company of the Year Award for companies with $100,000 to $5 million in revenue during TechPoint’s 18th annual Mira Awards honoring the best of tech in Indiana.
DoubleMap provides transit software for universities, municipalities, corporations, and airports worldwide. The company’s products, such as mobile apps for catching the bus, and automated voice annunciation for visually-impaired riders, have proven to be key differentiators, and have allowed DoubleMap to experience exponential year-over-year growth.
DoubleMap’s new on-demand product, TapRide, helped attract 40+ new clients by itself, including a well-known footwear company; which used it to create an internal Uber. This growth resulted in DoubleMap being selected as the 93rd fastest growing company nationwide on Inc. Magazine’s 5000 list, while also being the 12th fastest growing company in Indiana on IBJs Fast 25 list.
The Mira Awards judges noted that the company’s growth vs traction is a key area where DoubleMap sets itself apart from other successful scale-ups. DoubleMap has continued building products that have attracted top customers like Disney and Universal Studios, reinvested profits back into the company, and achieved significant growth all without a dollar of outside money.
Years of shrewd spending, calculated investment, and double-digit revenue growth have brought DoubleMap to an inflection point in its upward trajectory. The company’s client portfolio is now over 400 customers, which sets the transit firm up to capitalize upon long-planned opportunities with location-based advertising.
The judges believe DoubleMap is exceptionally positioned to maintain its position as the market leader in on-demand mobility clients, university customers, and fortune 500 companies while growing into new markets and expanded revenue channels.
TechPoint, the growth initiative for Indiana’s tech ecosystem, honored the successes and innovation of Indiana companies, entrepreneurs, educators, and other leaders at The Westin Indianapolis during the 18th annual Mira Awards gala presented by Angie’s List, Genesys, and Salesforce.
A total of 15 award winners and three honorable mentions were chosen from the 90 outstanding companies, organizations, and individuals who were selected as nominees this year out of the 180 applications received highlighting achievements during the 2016 calendar year.
Fifty independent, volunteer judges spent more than 850 total hours reviewing and ranking applications, interviewing nominees, and selecting this year’s winners. Judges included company founders, CEOs and presidents; CTOs, CIOs and software developers; professors and chancellors from Indiana universities; design, human resources and sales professionals, and a variety of other subject matter experts.
The Mira Awards are named after the first of the brilliant variable stars to be discovered – the Mira Star. It is also the Latin root meaning “worthy of admiration, wonderful, marvelous.” The awards represent the best of tech in Indiana each year.