The Cobalt Group Ranked Among Bloomberg's Tech 100
Internet Services Firm That Improves Business and Customer Service for Auto Dealers Ranked 42nd in Bloomberg's Tech 100 List of Fastest Growing Companies
SEATTLE--(BUSINESS WIRE)--Sept. 15, 2000--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 www.cobaltgroup.com or call 800/909-8244.
CONTACT: The Cobalt Group, Inc.
Amy Anderson, 206/219-8105; Cell: 206/619-6220