The transaction, whose amount was not disclosed, is designed to expands InComm’s reach into ecommerce gift card sales and distribution through high volume channels. Giftango will become a wholly owned subsidiary of InComm and will continue to grow its operations in Portland.
Founded in 2005 and led by CEO David Nelsen, the company provides merchants with a platform to power ecommerce sales, promotions, and distribution through Channel Partners. Giftango’s Channel Partner solutions give business-to-business and direct-to-consumer companies the ability to add eGift Card fulfillment to their existing user interface for a wide variety of national brands. Today, more than 150 brands deliver digital gift cards through the company’s network of more than 80 partners.
07/10/2010: Giftango Closes over $5M in Series B Financing