- FT1000 gauges the impact of the top 1000 growing businesses in Europe
- CitNOW placed 176th in the top 1000 companies for growth in Europe
- CitNOW personalised video technology revolutionising vehicle retail and aftermarket sales
Automotive video expert CitNOW has been named at 176 in the FT1000 fastest-growing companies in Europe, following three years of sustained growth between 2012 and 2015, as the global automotive market embraced the power of video for communications.
The FT1000 is designed to recognise the companies who help keep Europe at the forefront of the business world; those that innovate and generate jobs and sustain Europe's competitiveness.
The unique CitNOW platform has been adopted by motor manufacturers and their dealership and workshop networks as the means for staff to use an iPod or smartphone for recording and sending personalised customer videos to customers' phones, tablets or desktop computers via wifi.
Alistair Horsburgh, CitNOW CEO, commented: "Recognition such as this, with the Financial Times placing CitNOW well inside the top 20% of growing businesses in Europe, is an extraordinary achievement by all concerned. The FT1000 assesses companies across the spectrum of European business, and underlines the value of what we have sought to achieve for and with our customers over the past three years."
The past 12 months have marked a number of milestones for CitNOW as the 10 millionth CitNOW video was uploaded, while the business also entered the Sunday Times Hiscox Tech Track 100 at number 19, making it one of the top 20 fastest growing tech companies in 2016.
"In less than a decade, the automotive industry is likely to be unrecognisable in many ways as we see developments like alternative fuels and autonomous vehicles become mainstream. However, the growth of CitNOW is a reflection of its role in supporting the industry with this transition during which it will continue to thrive." Alistair Horsburgh added.