Aug. 18 /PRNewswire/ -- Cobalt, the leading provider of digital marketing solutions to the retail automotive industry, today announced that it has been named to Inc. Magazine's list of America's 5000 fastest-growing companies for the third year in a row, with more than $227 million in revenue for 2008.
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Cobalt, a privately held company based in Seattle, offers an integrated suite of digital marketing solutions including websites, display advertising, paid and organic search, new and used car leads, and email marketing to over half of the automotive dealers in the United States.
Cobalt realized strong financial growth from 2005 through 2008. As the automotive industry increases its dependence on measurable online media as a cost-effective method of targeting and reaching consumers, Cobalt serves as a primary partner with a full digital advertising solution that helps stimulate vehicle sales and services.
The 2009 Inc. 5000, unveiled on August 12th on Inc.com, serves as a unique report card on the U.S. economy. The list represents a comprehensive look at an important segment of the economy - America's independent-minded entrepreneurs. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from the previous year, with a median three-year growth rate of 126 percent.
"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about companies that are achieving success through a wide variety of unique business models, as well as older private companies that are still expanding at an impressive rate," said Inc. 5000 project manager Jim Melloan. "That's why our list is so eagerly anticipated every year."
"Cobalt is committed to providing customers with online solutions to help them gain market share and increase ROI," said Cobalt Chairman and CEO, John Holt. "Thanks to our exceptional employees, vendors and partners, we have continued to innovate and grow our digital marketing platform, even as the auto industry has weathered a very difficult period due to the recession. As the industry rebounds, we are committed to helping our OEM and dealer customers enjoy new efficiencies and greater reach as a result of our digital marketing services."
About Cobalt
Cobalt is North America's leading provider of digital marketing services to the automotive industry. For more than fourteen years, Cobalt's mission has been to help automobile dealers and manufacturers increase their retailing effectiveness and profitability through cutting-edge digital marketing services, including display advertising, paid search, websites, owner marketing and organic search optimization. Cobalt currently provides marketing services to nearly half of the automotive dealerships in the United States, as well as automotive dealers in Canada and Mexico. Cobalt's digital marketing services are endorsed by two-thirds of the world's major automotive manufacturers.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com. The Inc. 500|5000 Conference & Awards Ceremony will be held September 23-25, 2009, at the Gaylord National Resort and Convention Center in National Harbor, Maryland. For more information about the 2009 Inc. 500|5000 Conference & Awards Ceremony visit www.Inc5000event.com.
