Two Austin companies rank on Forbes' 'Most Promising' list

Jan 26, 2015
Austin Business Journal

Two Austin companies have been named to Forbes list of America's 100 Most Promising Companies

Q1 Media Inc., an Austin-based developer of web publishing platforms, was ranked the No. 50 most-promising company. Forbes reports the company, founded in 2004 by Phil Banfield, Bill Wiemann, Gaines Jonakin and Matt Bentley, had $52 million in revenue in last year, double what it pulled in in 2013

Phunware Inc., an Austin-based mobile-app developer that claims huge clients such as NASCAR and NBC, was ranked No. 58. Forbes reports the company, which was founded in 2009 by Alan Knitowski, Luan Dang and Alan Michael Kane, had $23 million in revenue in 2014

Forbes' Most Promising Companies list ranks booming private businesses with less than $300 million in revenue. Revenue growth is a big part of the calculation, but other factors such as capital raised, operating margins and workforce growth used to determine the rankings

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