LONDON, November 18, 2016 /PRNewswire/ --
Betting exchange Smarkets has been named as one of the UK's fastest-growing technology companies by multinational professional services firm Deloitte.
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In the 19th annual 'Fast 50' ranking of rapidly-growing private tech companies, London-headquartered Smarkets was ranked fourth on the list due to its sales growth over the last four years.
Smarkets's Fast 50 inclusion follows the company's fifth-placed ranking in The Sunday Times annual TechTrack100 list celebrated on 15 November.
Jason Trost, CEO of Smarkets, said: "It's fantastic to be recognised by Deloitte and the Sunday Times after watching the company grow so quickly in such a short space of time.
"I'm really excited for the coming years and being included on the Fast 50 list and TechTrack100 is a big boost as we strive to establish ourselves in the top tier of technology companies."
Earlier this year, the company announced revenue growth of 1568% and operating profit growth of 429% for the year ending December 31, 2015.
By the turn of the year, Smarkets expects to have doubled its headcount in just 12 months as the company continues to hire in several positions, with a focus on tech and engineering.
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Notes to Editors
Launched in 2010, Smarkets is one of the world's leading betting exchanges that makes trading on events secure, efficient and exciting. Forged from trading principles found within the financial markets, Smarkets brings intelligent betting to the forefront of an age-old industry.
- Headquartered in London, Smarkets has processed over £3 billion worth of transactions for customers across the company's licensed and regulated markets and continues to grow rapidly thanks to its industry-leading odds and commission on sporting and political markets.
- The company was founded in 2008 by a team of finance and software engineering professionals and is backed by T-Venture and Passion Capital.
- The platform offers unparalleled value that combines pioneering technology with a focus on transparency and treating the customer fairly.