Cobalt Telephone Technologies today celebrated 10 years of successful trading.

The company which formally opened its doors to business on the 15th October 1997 was founded with a clear commitment to offer its customers the very best in automated transaction handling.  Early customers included the National Refrigeration Company and Lloyds UDT the leading UK motor finance house.  West Ham United FC and latterly Manchester United FC were both important customers for Cobalt's transaction handling expertise.  The contract with the latter, signed in the year in which they won the treble and which continues today, marked a major turning point in the fortunes of the company.

Subsequent focus on the UK's fast growing parking market has been key to more recent growth. Constant expansion of the company's hosted services has taken place in each of the years since 2001 and cumulatively Cobalt has now processed almost £200M of parking transactions on behalf of local government parking authorities.  Today, its customer base for parking related services includes over a third of all London Boroughs, the Cities of Edinburgh and Birmingham and the whole of Northern Ireland.  Turnover and profitability continues to rise at a pleasing pace with both on target to have increased by 35%, when compared with 2006, by the close of 2007.  The company remains wholly privately owned.

This tenth anniversary is a significant milestone.  The Board of Directors would therefore particularly like to take this opportunity to thank the many customers past and present who have placed their faith in Cobalt and in doing so have contributed to its success.  The company remains pledged to continue to offer transaction handling services of the highest standard as it continues to trade, delight and grow.