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Cobalt Telephone Technologies has been recognised by the prestigious Fast Growth Business Awards 2011. Cobalt, with its market leading cashless parking service, RingGo, has been selected as a finalist within the highly competitive Best Technology category. Now in their fifth year, the Fast Growth Business Awards, which are organised by Growing Business Magazine, showcase the UK's most cutting edge businesses. The awards seek to recognise companies that demonstrate quantifiable evidence of growth and success in terms of turnover, profits, size and market share. Reviewed by a panel of judges which includes industry-leading entrepreneurs and business experts from a wide range of sectors, the awards cover 12 separate categories, with winners from these competing for the coveted title of Fast Growth Business of the Year. With previous winners including Lovefilm and Multimap, Cobalt Telephone Technologies' Commercial Director, Harry Clarke, is clearly pleased the company is being considered for similar honour. "RingGo is the obvious leader in its field, but the parking industry is a fairly specialised area. Being selected as a finalist across all industry sectors, in such high profile, national awards as these, is true recognition of what we have achieved. "Almost 3 million motorists are now registered with RingGo and thousands use it daily to pay for their parking. Some commentators suggest that mobile payments are yet to take off, but RingGo is living proof that people will happily pay for a service by mobile phone, if it's something that makes their lives easier. We are delighted the Fast Growth Business Awards have recognised this." Ian Wallis, editorial director for Growing Business comments "This year's shortlisted finalists surpassed our wildest expectations. The companies that have made the 2011 shortlist for their chosen categories in the Fast Growth Business Awards ought to be immensely proud. Despite what you may have read about the state of the economy it was emphatically not reflected in the quality of this year's entrants, with a higher level of competition for a finalist's spot than we have seen since the awards launched five years ago. The rate of growth experienced, and the level of innovation and ingenuity demonstrated, show that British business has a huge amount to shout about. "We fully expect this group of finalists - not just the eventual winners - to follow in the footsteps of their highly successful predecessors such as Lovefilm, Maximuscle and Multimap. While those companies were subsequently acquired by global giants Amazon, GlaxoSmithKline and Microsoft respectively in deals worth hundreds of millions of pounds, we see no reason why we won't be talking about a major international brand emerging from these awards in future." The winners of the Fast Growth Business Awards will be announced at a black tie ceremony at the London Marriott Hotel, Grosvenor Square, on 4th October 2011. To find out more about the awards visit http://www.growingbusiness.co.uk/fast-growth-business-awards. |
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