The digital agency’s growth accelerates despite an industry recession with its highest Media Momentum ranking to date.

Fortune Cookie has been ranked 36 in GP Bullhound’s 2009 Media Momentum Awards which recognise the top 50 fastest growing digital media companies in Europe in a ranked revenue-based league.

This is Fortune Cookie’s third consecutive appearance on the ranked list, following rankings of 37 in 2007 and 46 in 2008.

Manish Madhvani, partner at GP Bullhound commented: “The Media Momentum Top 50 league table has become a key barometer for the health of the digital sector and this year’s impressive results reaffirm the importance of the industry to both the UK and EU economy. Competition this year was as tough as ever and for Fortune Cookie to be honoured is a real achievement. We hope that these awards will provide even greater momentum to our finalists in their respective fields as they continue to develop and grow.”

Justin Cooke, Managing Director of Fortune Cookie says, “We’re really proud to appear on Media Momentum’s prestigious list for a third consecutive year. It’s a lot easier to achieve this kind of growth from a standing start. To sustain this level of growth after 12 years in business takes real talent! I’m incredibly proud of the Fortune Cookie team and excited about building on this success over the next 12 months."

The financial year ending April 2009 was another phenomenally successful year for Fortune Cookie, whose clients include Prudential (www.pru.co.uk), UEFA (www.uefa.com), Legal & General (www.legalandgeneral.com), Kuoni (www.kuoni.co.uk) and Small Luxury Hotels of the World (www.slh.com). Since the agency became independent in 2007, websites designed and built by Fortune Cookie have been shortlisted for major industry awards a total of 38 times, including wins for Small Luxury Hotels of the World (www.slh.com), Voyages Jules Verne (www.vjv.co.uk) and Diabetes UK (www.diabetes.org.uk).

In April 2009, Fortune Cookie announced the intent to grow the agency by a further 30% over the next 12 months, with plans to open a new office in France and an aggressive recruitment drive to grow the workforce by 30% at a time when other digital agencies are having to make redundancies and other cutbacks.

Commenting on the financial climate in terms of business opportunities, Justin Cooke says, “Fortune Cookie survived the brutal dot com crash which wiped out $5 trillion in market value of technology companies from March 2000 to October 2002. Our business learnt a lot from that experience and we understand the critical importance of efficiency, value and looking for opportunities during a recession.

“London is rich in digital talent that until now has been beyond the reach of many European businesses due to cost. The relative weakness of the Pound means British design is now 40% cheaper. European businesses that have been denied the support of the best British digital agencies due to price can now afford it.”

Cooke continues: “For Fortune Cookie this means growth. We’re growing our business by 30%. We’re growing our number of staff by 30% and we’re growing our presence in Europe by 100% when we establish our new offices in mainland Europe in 2010. We are absolutely thrilled that our determination to power through the British recession has resulted our highest ever ranking in Media Momentum’s prestigious list.”

Published on: 3:30PM on 15th May 2009