Tag Archives for: Inc.

Passport named fastest growing mobility company on Inc. 5000 list

August 30, 2018



Passport named fastest growing mobility company on Inc. 5000 list




Fintech company experiences three-year sales growth of more than 1,200 percent





Charlotte, N.C. (Aug. 30, 2018) —Inc. magazine recognized North America’s fastest growing companies in its 37th annual Inc. 5000 list, and Passport was named at the top spot among mobility providers. The list represents a unique look at the most successful companies within the American economy. Passport joins an elite group of companies on the Inc. 5000 list, including previously-recognized organizations Microsoft, Timberland, Vizio, Intuit, Chobani, Oracle, and Zappos.com.




More municipalities and agencies chose Passport as their mobile payment platform in the past year than any other provider in the industry. In the last 12 months, more than 100 cities implemented the Passport platform in their locations, experiencing cost savings, improved operational efficiencies and a better overall customer experience. Supporting over 450 clients, 5,000 locations and 50 integrations with other technologies, Passport has become the mobility platform that provides unprecedented access to data-driven insights and enables real-time operations management.


“It’s an honor to have Passport recognized by Inc. 5000,” said Passport CEO Bob Youakim. “It goes to show that when you stay true to your vision anything is possible. At Passport, our business strategy is simple: To improve interactions among people and the organizations that serve them. We are laser-focused on our clients’ success and when we keep that front of mind, we can be assured that we’re on the right path.”


In addition to a 1,200%+ revenue growth, Passport has seen its workforce double over the past year, surpassing 150 employees and on its way to nearly 200 employees before the end of the year. Passport’s people-first approach differentiates it from others in the market. From the way that Passport employees take care of clients and app users, to the way they interact with each other, Passport’s unique approach has yielded positive results, including being recognized as one of the top 500 fastest growing companies in North America by Inc. Magazine.


“Each Passporter’s hard work shows in occasions like this,” said Youakim. “We are a team of passionate people dedicated to our clients’ success. The pace of innovation we have set is complemented by our dedication to client success and customer support, all of which aim to advance the way citizens interact with the organizations that serve them.”


This is the first time that Passport has been recognized on the Inc. 5000 list after experiencing explosive growth of over 1,200 percent. In December of 2017 Passport announced a $43 million in Series C funding led by Bain Capital Ventures, one of the world’s leading growth equity firms. The firm has its eyes set on expanding internationally into the UK market, making strategic acquisitions and investing in product growth and innovation to better serve its customers.


About Inc. 5000
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.


About Passport
Passport transforms the way cities manage their operations. The fintech company’s mobile-first platform has been adopted by more than 450 cities, universities, and private operators around the world in cities including Chicago, Toronto, London, and Miami, across more than 5,000 locations. Passport’s product lines —– parking, transit and tolling payments, parking enforcement, and permit management —– enable organizations in the public and private sectors to streamline their operations, enhance customer service, and make data-driven decisions. Consistently recognized as one of the fastest growing companies and Best Places to Work in Charlotte, North Carolina, Passport has an ingrained practice of putting People First —– a guiding principle in its Culture.


Passport is backed by a group of investors, including Bain Capital Ventures, Grotech Ventures, MK Capital and Relevance Capital. Learn more, or get in touch with Passport at passportinc.com.


March 01, 2018




Warning About Potentially Dangerous Parking Garages


ST. PAUL, Minn., February 28, 2018—Jason Reigstad, Vice President of Special Projects at Reigstad Engineers, Inc., is the only engineer in Minnesota to be selected as one of the top newsmakers of 2017 through the national publication, Engineering News-Record. Reigstad and other newsmakers of 2017 will be honored at the 2018 ENR Award of Excellence Celebration at the New York Hilton Midtown in New York, N.Y. April 5-6, 2018.

Reigstad was selected for this prestigious honor for his investigative work regarding a possible danger hiding in over 100 precast concrete parking garages across the United States as there have been failures in at least three garages. The issue lies within a problematic product these garages have in common called C-Grid, a grid of high-strength carbon-fiber reinforced polymer (FRP).

“I am thrilled to be selected for this award, says Reigstad. “Determining that this FRP product has been under-designed by nearly a factor of four in these garages is crucial to not only changing how parking garages are built but also fixing current garages to eliminate the possibility of injuries. This is a life-safety issue.”

Initially, Reigstad investigated two separate failures involving C-Grid in Cherokee, N.C. and after conducting a survey to determine how many other garages used the product, began contacting the parties involved to ensure knowledge of this deficiency.

Individuals for top newsmakers of the year are selected by ENR editors and chosen for their outstanding accomplishments, exceeding expectations that benefits the industry and the public.

Established in 1979, Reigstad Engineers, Inc. is a structural engineering firm headquartered in St. Paul, Minn. Reigstad’s goal is to provide safe, efficient and economical designs tailored to our clients’ needs. For more information about Reigstad Engineers, Inc. visit www.reigstad.com or to learn more about ENR and Reigstad’s story, visit https://www.enr.com/articles/43815-sounding-the-alarm-about-problematic-parking-garages.