The Cobalt Group Ranked Among Bloomberg's Tech 100
SEATTLE, Sep 15, 2000 (BUSINESS WIRE) --
Internet Services Firm That Improves Business and
Customer Service for Auto Dealers Ranked
42nd in Bloomberg's Tech 100 List of
Fastest Growing Companies
The Cobalt Group (Nasdaq:CBLT) is pleased to announce it has been selected for
Bloomberg's Tech 100 list.
Cobalt ranked 42nd on the list of the 100 fastest growing public technology
companies compiled by Bloomberg Personal Finance magazine. Cobalt was the only
automotive industry-focused technology company to make the list.
Bloomberg's Tech 100 list was compiled from a database of over 5,000 technology
firms. Bloomberg ranked the top companies by fiscal-year sales growth and
required each company to have at least a 25 percent sales growth in the last
quarter. As of the quarter ended March 31, 2000, Cobalt reported annual sales
growth of 272.87 percent and quarterly sales growth of 278.48 percent.
"We are excited to be included on this prestigious list because this is not a
popularity contest; the selections were made on concrete financial numbers,"
said John Holt, president and CEO of The Cobalt Group. "Each of The Cobalt
Group's 550-plus employees can be proud we are recognized in this category,
because it proves the value of hard work and dedication we have shown in
becoming the leading online automotive services provider."
ABOUT THE COBALT GROUP
The Cobalt Group(TM) (Nasdaq:CBLT), headquartered in Seattle, is a leading
provider of Internet-based products and services for the automotive industry.
Cobalt helps dealers, dealer groups and automobile manufacturers harness the
power of the Internet to realize new efficiencies, win new prospects and better
serve their customers.
With approximately 6,000 dealer Web site clients, over 10,000 dealers using its
parts locating system, and relationships with 14 automotive manufacturers and
more than 50 of the 100 largest dealer groups in the United States, Cobalt is
one of the leading technology companies serving the automotive industry.
Cobalt operates MotorPlace.com(TM) (www.MotorPlace.com), a business-to-business
vertical portal for the automotive industry; DealerNet(R) (www.dealernet.com),
one of the best-known automotive destination sites on the Web; and PartsVoice(R)
(www.partsvoice.com), a leading OEM auto parts locating and data management
service. The Cobalt Group also owns IntegraLink Corporation, the auto industry's
premier provider of advanced data collection and reporting services. Cobalt
offers Web site services that are endorsed by the National Automobile Dealers
Association.
The Cobalt Group has offices in Seattle, WA; Portland, OR; Detroit, MI;
Columbus, OH; and Austin, TX.
For more information, please visit The Cobalt Group at cobaltgroup.com or
call 800/909-8244.
CONTACT: The Cobalt Group, Inc.
Amy Anderson, 206/219-8105; Cell: 206/619-6220
amya@cobaltgroup.com |
