NEW YORK, August 24, 2010 -- Inc. magazine today announced that PlaySpan, the undisputed global market leader in the monetization platform category, has been named as a top 1,000 company in its fourth annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies.
The news arrives on the heels of last week’s announcement that PlaySpan has secured an $18 million series C round of funding from leading investors. The new capital increased the company's total funding to approximately $42 million, which will be used to further expand into Europe and Asia and grow PlaySpan's global publisher and user-base.
"Being named as a top 1,000 fastest growing private company by the Inc. 5000 is a major accomplishment for PlaySpan, which speaks to our aggressive growth strategy both in the U.S. and internationally,” said Karl Mehta, Founder & CEO of PlaySpan. "We look forward to continuing our strong revenue growth and leading with innovative products that fuel the high demand for our monetization services, which have attracted millions of users globally.”
The Inc. 5000 represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Music website Pandora, convenience store chain 7-Eleven, Brooklyn Brewery, and Radio Flyer, were among other prominent brands featured on this year’s list.
“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on www.inc.com/5000.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. ( www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
About PlaySpan, Inc.
PlaySpan TM is the global leader in monetization solutions for more than 1,000 online games, social networks and online videos. PlaySpan’s patent-pending in-game digital goods commerce and micropayment platform enables publishers and developers to generate new revenues, acquire new users, and extend the loyalty of existing users.
PlaySpan provides global payments platform through its UltimatePay TM product, which enables users to make safe, convenient, and friendly in-app purchases using over 85 global payment methods in 180 countries. UltimatePay includes PlaySpan’s ULTIMATE GAME CARD ® , the #1 selling multi-game pre-paid card, available in over 48,000 retail locations across North America and a growing list of countries worldwide.
PlaySpan is headquartered in Silicon Valley with offices in Ohio, Virginia, and Mumbai. Investors include Easton Capital, Menlo Ventures, STIC and Novel TMT Ventures. The company has won over 11 awards in past 3 years including 2010 OnMedia Top 100 and won the 2009 OnHollywood Category Award for Best Company in Gaming category.
For more information about PlaySpan, visit: http://corp.playspan.com
VSC Consulting (on behalf of PlaySpan)