Car dealers driving a hot streak at Cobalt

December 14, 2007

THE COBALT GROUP could very well be the biggest Internet company in Seattle you've never heard of. And the 12-year-old company, which develops Web sites and online marketing services for about one-third of the automobile dealers in the U.S., is poised to get even bigger in 2008.

With revenue expected to hit $170 million this year, the privately held company is planning to hire about 300 people over the next 12 months, bringing worldwide employment to 1,000. Most of the new hires will be in the Seattle area, primarily in search engine marketing and content management of dealers' Web sites.

To accommodate that growth, Cobalt Group Chief Executive John Holt has been scouring the Lynnwood/Bothell area for 45,000 to 60,000 square feet of additional office space.

What's driving the hiring spree?

Click here for the full article in the Seattle Post-Intelligencer