Tony Neill, managing director of Navman Wireless, has said that the decision by Forbes to include the global telematics leader on its list of America’s Most Promising Companies, is a “milestone” in the growing global perception of the value of vehicle tracking technology.

“We are delighted that Navman Wireless has been recognised on Forbes’ just-released list of America’s Most Promising Companies,” Neill said.

“The Forbes announcement is a definite milestone in the growing perception of the value of vehicle tracking technology and really underlines our commitment to continuous improvement.”

Navman Wireless earned the 65th slot in the Forbes ranking with revenues of $67.9 million (the fifth highest on the list) and 263 employees (the seventh largest) in the fiscal year 2010.

The company is one of the world’s largest providers of fleet optimisation products and services with systems installed in more than 130,000 vehicles on five continents.