Tag Archives: gps insight

phoenix

Now is the time to invest in Arizona

It used to be when I traveled to different business meetings across the country, people would ask me about Arizona’s politics. While we still have reputation issues to repair, the questions I’ve been getting recently are more focused on the buzz they’re hearing about our growing technology sector.

There’s good reason Arizona is getting noticed for its growth. Over the last five years, Arizona has developed one of the most robust technology entrepreneurial ecosystems in the country. The state is home to five of Deloitte’s 2013 “Technology Fast 500” firms, specifically First Solar, LifeLock, Telesphere, Inilex and GPS Insight. Other startups that have been home grown in Arizona into industry leaders include Axosoft, GoDaddy, iCrossing, Infusionsoft, Insight Enterprises, LimeLight Networks and WebPT.

We were able to accomplish our strong entrepreneurial spirit in part by drawing the attention of the media and the state’s policy makers to the need to diversify our economy away from construction and climate into a knowledge-based economy with higher paying jobs. Our efforts resulted in a tax credit for qualified research and development that is the best in the nation and a successful angel investment tax credit.

A lot of other resources have been invested. Over a dozen business incubators and accelerators call Arizona home, providing resources to support technology entrepreneurs. In addition to graduating a vibrant workforce to fuel quality jobs, Arizona’s world-renowned universities and community colleges are also heavily engaged.

Arizona State University (ASU) runs the Edson Student Entrepreneur Initiative and the ASU SkySong Innovation Center was recently awarded one of the best organizations of its kind in the country. University of Arizona (UA) is helping create the technology of tomorrow in its Bridges/UA Bio Park and UA Tech Park that includes a Solar Zone. UA also participates in Startup Tucson – an organization dedicated to growing a vibrant ecosystem of entrepreneurship through educational events. Northern Arizona University fosters business growth through it Center for Entrepreneurship and Technology and benefits from its affiliation with NASA. All of that bodes well for Arizona’s innovation economy.

Other efforts are focused solely on exciting people about technology and science. We just celebrated the third annual statewide Arizona SciTech Festival with over 300K people attending more than 500 events this year.

And although we have a long way to go, there’s a growing pool of capital. We’re home to two of the largest and top rated angel investor networks in the U.S. ─ ATIF and Desert Angels. The Arizona Commence Authority has created the Arizona Innovation Challenge that awards the most money in the country to the most promising entrepreneurs meeting technology challenges. Grayhawk Capital just raised $70 million in funds for early and growth stage technology investments. And Tallwave Capital recently announced it has deployed $500,000 in capital in early-stage ventures.

The 2010 census reports Arizona’s population at 6.4 million, with a median age of 35.9 years. The predicted growth rates for Arizona by the federal and state government expect that between 1.5 million and 3 million people will move to Arizona by the year 2020. That type of robust regional population growth combined with an improved U.S. economy translates into high potential for investors.

It’s true we enjoy more than 300 days of sunshine each year. But we offer a lot more than golf and spas. Venture capital sitting on the sidelines should put money into promising Arizona high tech firms and startup ventures.

Now is the time to invest in Arizona.

Henkel-cut

GPS Insight Relocates to Henkel Center in Scottsdale

GPS Insight, a GPS fleet tracking company, has signed a lease to relocate its corporate headquarters at Henkel Corporate Center, 19001 N. Scottsdale Rd.

GPS Insight is a leading technology provider of GPS fleet tracking software for fleet-based companies. They utilize high quality GPS hardware and add the customization and enhancements which fleet-based companies demand. GPS Insight leased 49,571 SF of space at the prestigious property for a term of approximately seven years. The firm plans to relocate in October from 21803 N. Scottsdale Rd. This lease brings the 348,000 SF building to 95 percent occupancy.

“Rob Donat and his team were great to work with. We set out to find the ideal location for GPS to grow their company and build a collaborative and innovative culture,” said Matt Coxhead, director with Cushman & Wakefield of Arizona.  “It is exciting to see GPS find that cool, cutting edge space to help them achieve these goals and establish themselves with a major presence in Scottsdale.  I look forward to many great things from them in future.”

Coxhead and Ryan Bartos of Cushman & Wakefield of Arizona represented GPS Insight in the lease negotiations. Steve Corney and Andrew Medley of Jones Lang LaSalle represented the owner/landlord of the property, Henkel/The Dial Corporation.

gps insight

GPS Insight Is A Finalist For The 2012 Red Herring Top 100 Americas Award

Scottsdale-based GPS Insight, a leading technology provider of GPS fleet tracking solutions for commercial and government fleets, announced today it has been selected as a finalist for Red Herring’s Top 100 Americas Award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

“This year was very rewarding,” said Alex Vieux, Publisher and Chairman of Red Herring. “There are so many great companies producing truly innovative and amazing products and technologies. We had a very difficult time narrowing the field and selecting the finalists from such a group of future stars. GPS Insight shows great promise therefore deserves to be on the short list. Now we are faced with the difficult task of selecting the Top 100 winners.”

Rob Donat, Founder and CEO for GPS Insight, said, “We at GPS Insight are honored and thrilled to be a finalist for this significant award. I look forward to attending the awards conference in Santa Monica later this month and meeting the award committee, as well as representatives from the other companies up for the Red Herring Top 100 Americas Award.”

The finalists are asked to present their winning strategies at the Red Herring Americas Forum in Santa Monica, California, May 21-23, 2012. The Top 100 winners will be announced at a special awards ceremony the evening of May 23 at the event.

For more information on GPS Insight, visit GPS Insight’s website at gpsinsight.com.