MIG, YOC, Saffron, Velti and Muzicall among the fastest growing digital media companies in Europe.
The awards are organised by GP Bullhound, an investment bank which specialises in technology and digital media.
The new media companies on the list are ranked by their annual revenue growth rate between the three most recent financial years (and have to have revenue of at least 1.5m euros in fiscal 2009).
Mobile winners were:
* 16th Muzicall with growth of 115 per cent
* 22nd Velti with growth of 81 per cent
* 24th Saffron Digital with growth of 72 per cent
* 34th YOC with growth of 48 per cent
* 43rd MIG with growth of 32 per cent
Among the companies named as 'ones to watch' were Smaato and Blyk.
Meanwhile the winner of the Judge's award was e-retailer Vente Privee, and the overall fastest growing firm was short term loan specialist Wonga.com with 746 per cent growth.
Overall, the Media Momentum list revealed a digital sector is good health despite the downturn. GP Bullhound revealed the 2010 companies collectively grew their revenue base from €786m to €1,955m in a three year period.
Manish Madhvani, partner at GP Bullhound, sees more growth ahead for mobile. He said: “Prompted by the halo effect of the iPhone, the mobile sector has set the foundations for its long anticipated commercialisation.
"And the move of Google and Apple into the mobile ad space with large scale acquisitions sets the scene for a rapid evolution in 2010 and 2011..”
Media Momentum was sponsored by Schroders Private Banking, Acton Capital Partners and Kemp Little.
Mobile Entertainment was a media partner and a judge.