The Cobalt Group Named One of the Pacific Northwest’s Fastest Growing Technology Companies in Deloitte’s Technology Fast 50 Program
SEATTLE--The Cobalt Group, Inc., the leading provider of marketing services to the automotive industry, has been named to Deloitte's prestigious Technology Fast 50 Program for the Pacific Northwest. This award represents a ranking of the 50 fastest growing technology companies in the Washington, Oregon and Idaho by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth during the five years from 2001–2005.
The Cobalt Group's CEO John Holt said, “We are extremely pleased to achieve this recognition for the fifth time. Our rapid growth has been fueled by the hard work of our employees and the enthusiastic support of our customers, and I am very grateful for their commitment to Cobalt.”
The Cobalt Group's 2001 – 2005 compound annual revenue growth of 171% resulted in a 23rd place ranking in the Technology Fast 50 for the Pacific Northwest.
“Sustaining high revenue growth for five years is an exceptional accomplishment,” said Larry Hile, a Partner in Deloitte’s Technology, Media & Telecommunications (TMT) industry practice based in Seattle. “We commend The Cobalt Group for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor The Cobalt Group as a Deloitte Technology Fast 50 winner.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies.
About The Cobalt Group
The Cobalt Group is North America's leading provider of automotive marketing services. For more than a decade, Cobalt's exclusive mission has been to help automobile dealers and manufacturers increase their retailing effectiveness and profits. Cobalt provides marketing services to more than half the automotive dealerships in the United States, Canada and Mexico and is endorsed by more than two-thirds of the world's major automotive manufacturers. Cobalt is endorsed by the American International Automobile Dealers Association (AIADA).
For more information about The Cobalt Group, please call 800-909-8244.
About Deloitte
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