Forbes released its annual list of the most innovative public companies. Rightmove Plc., the company which specializes in residential and commercial real estate, took the top spot in the ranking. Its market value is $4.6 billion.
The ranking includes companies with market values between $2 billion and $10 billion and with public financial data being released for at least seven years. Rightmove is one of the fastest growing companies which cooperates with a vast number of domestic and foreign real estate agents, as well as with sellers and buyers of housing.
Dexcom, a firm that makes medical devices for the continuous glucose monitoring (CGM), is ranked second. The company's market value reaches $6.7 billion. Dexcom spends the lion's share of its capital on research and development (R&D), improving its products.
ASOS, one of the largest online-only fashion stores in the world, stands third in the ranking with a market value of $6.1 billion. Esquire Magazine named it the brand beyond the financial crisis. ASOS annual revenues are constantly growing.
The fourth place in the ranking of the world's leading innovation companies went to Insulet Corp., the company which manufactures healthcare equipment. The company specializes in the production of insulin delivery systems for people with insulin-dependent diabetes. Its market capitalization is $2.6 billion.
M3 Inc., a company that engages in the provision of medical related services through the internet, took the fifth spot in the list. The portal offers healthcare professionals specialized site services that include medical-related marketing support and research. The company's market value is $3.7 billion.
MonotaRO Co., online seller of industrial parts and products, is ranked sixth most innovative growth company. The company's product portfolio includes tools and equipment used in manufacturing sites as well as car parts. Its market value is $3.7 billion.
The seventh most innovative growth company is Ultimate Software, which designs and delivers cloud-based HR, payroll, and talent management solutions. It operates mostly in the United States. With the company's software, organizations do not need to deploy a costly IT infrastructure. Its market cap is $5.7 billion.
Pandora Media, a music streaming and automated music recommendation service powered by the Music Genome Project, is No.8 on Forbes' Innovative Growth Companies list. Advertising oriented to users of the Pandora free service comprise about 80% of the company's total revenues. Pandora has a market cap of $2.7 billion.
Athenahealth, a company providing cloud-based services for health care, stands 9th in the ranking. The company has a market value of $4.5 billion.
DaAn Gene, a Chinese developer and manufacturer of molecular diagnostic, closes the top 10 most innovative growth companies in the world. A company with a market value of $2.4 was listed on the Shenzhen Stock Exchange in 2004.
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