30th March 2007
Sponge ranked in Top 50 fastest growing UK new media companies for third year running
Mobile marketing solutions company Sponge has made Media Momentum's Top 50 fastest growing UK new media companies league table for the third year running.
Media Momentum, run by technology investment bank GP Bullhound, is an annual event which recognises the achievements of the most innovative and fastest growing digital media companies in the UK. The initiative is supported by media partners The Independent and industry trade magazine New Media Age, and backed by sponsors Barclays, Olswang and Sky Media.
The awards were announced at Sketch in central London on Tuesday night, with Sponge ranked at number 21. The company, which creates mobile marketing campaigns for some of the world's leading brands including Coca-Cola, publishing giant Northern & Shell, Unilever and Walkers, recorded a compound annual growth rate of 354% over a two year period.
Sponge's co-founder, Alex Meisl, attended the ceremony.
"We are delighted to be recognised for our achievements," Meisl said. "It is a reflection on the great team we have created and the quality and breadth of our client base which has grown as quickly as our revenues! Sponge has some exciting developments and client campaigns planned for 2007, which will be announced over the coming months."
