Betfair a finalist in ‘Best places to work in IT’ Awards
By staff
Betfair, the world’s leading betting exchange, has been nominated as a finalist in the ‘Best Places to Work in IT’ Awards 2005.

The Computer Weekly ‘Best Places to Work in IT Awards’ have been set up to encourage and promote employment 'best practice' within UK organisations. The awards therefore recognise those organisations that have placed themselves at the forefront of enlightened working practice.

The finalists, judged by a panel of senior representatives from across all relevant industries, all scored highly in these three areas:

-Positive working environment as evidenced by effective team building, stimulating projects and innovative and attractive benefits package

-Continued professional development as evidenced by enjoyable and effective training, coaching and mentoring as well as valuable appraisal methods and genuine career progression

-Practical evidence of commitment to a fulfilling work/life balance and to equal opportunities

David Yu, Betfair’s CTO, commented, “Without technology our company wouldn’t exist. We have 120, young and dynamic engineers who have enabled Betfair to grow at the rate it has, and become the largest online betting company in the world. We look forward to the announcement of the winner at the luncheon on Wednesday 2nd March.”

Notes to Editors:

1.Betfair ( matches prices between punters, in the same was as the stock exchange does for shares - punters bet on prices set by punters themselves rather than by a traditional bookmaker.

2.Betfair was launched in June 2000 and is already the UK’s No 1 online betting company. At peak times the exchange matches up to 12,000 bets a minute and over 1,500,000 bets a day.

3.The company’s co-founders – former professional gambler Andrew Black and former JPMorgan vice-president Edward Wray – were jointly voted Ernst & Young Emerging Entrepreneur of the Year 2002. In April 2003 Betfair won a Queen’s Award for Enterprise in the Innovation category. While in 2004 was voted the CBI Growing Business Awards winner for ‘Company of the Year’ and David Yu, CTO, won The Daily Telegraph ‘IT Director of the Year’ award.

4.Strategic investors in Betfair include Benchmark Capital, UBS Capital, JPMorgan Chase.

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