Profit Track 100

Software developer Software created by Thomsons Online Benefits is used to manage employee benefits for customers such as Starbucks, Samsung and Cisco. Its systems are used in 65 countries and last year it opened its first American office, in California. Co-founders Michael Whitfield, 55, and Chris Bruce, 39, secured funding from the American private equity firm ABRY in 2013, valuing the company at £100m. New clients and an increase in recurring revenue drove profits to £8.6m in 2012.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyThomsons Online Benefits
ActivityEmployee benefits software developer
LocationCentral London
Annual profit growth120.61%
Latest profits £000s8,610
Latest sales £000s32,687

If applicable:

* supplied by company † annualised figure ‡ profits = ebitda