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February 13, 2019

Tango Card snaps up GiftCertificates.com; announces $35m investment

Digital rewards and incentives provider Tango Card has purchased GiftCertificates.com.

The company offers gift cards as rewards and incentives, for an undisclosed sum.

The takeover increases Tango Card’s office headcount to three, with locations in Seattle, Boise, and Omaha.

The acquisition also increases Tango Card’s client base by more than 1,000.

The combined group will have 130 staff and over 3,000 clients.

Tango Card founder and CEO David Leeds said: “As we got to know the team at GiftCertificates.com, we recognised the same commercial and customer focus.

“We believe that together and with the backing of FTV we’ll be able to continue creating value for our customers while also being able to grow and influence the incentive industry.”

Leeds calls the deal an “important step” in the growth of Tango Card.

At the same time, Tango Card also secured an investment of $10m from FTV Capital.

The latest infusion follows a $35m financial assistance offered by FTV to Tango Card last May.

GiftCertificates.com VP of finance and administration Rob Gregersen said: “We are proud of our employees, customers, and accomplishments.

“This next chapter with Tango Card is very exciting as we will be able to continue to grow and deliver best in class solutions to our customers.”

 

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