Companies such as Betfair, Royal Bank of Scotland and Cisco use the online employee benefits management system developed by this London business to administer reward schemes for their staff. In the past 18 months, Thomsons Online Benefits has rebranded, moved to bigger headquarters, relaunched its website and opened an office in New York. It has also made more than 400 enhancements to its software and has created a single platform that can be used worldwide. Chief executive Michael Whitfield and managing director Chris Bruce founded the company in 2000. In December 2004 Pi Capital, the investor network, bought a 48% stake for a reported £5m. Sales grew 41% a year from £5.9m in 2006 to £16.3m in 2009.
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