Blackhawk Community is buying incentive supply know-how firm Tango Card.
Based in 2009, Tango Card has skilled 800% progress since 2018.
Phrases of the deal, which is predicted to shut later this 12 months, had been undisclosed.
It takes two to tango. That’s what pay as you go card and funds merchandise supplier Blackhawk Community (BHN) could have realized this week. The California-based firm has acquired incentive supply know-how firm Tango Card for an undisclosed quantity.
As soon as the deal closes, BHN shoppers, together with Tango’s present prospects, will profit from Tango’s B2B incentives platform and buyer help. Tango was based in 2009 to assist enterprises reward their staff with a pay as you go card, charity donation, direct deposit, or through a number of greater than 1,000 reward playing cards. The corporate, which first demoed at FinovateFall 2016, skilled important progress up to now six years, having grown 9x, equal to 800%.
“Becoming a member of BHN right now offers a once-in-a-company alternative to proceed innovating on this area, higher help our prospects’ evolving world wants and create superior experiences for recipients,” stated Tango Founder and CEO David Leeds.
BHN, which is finest identified for its reward playing cards and egifts, additionally provides rewards and incentives instruments for enterprises to reward staff, prospects, and suppliers. Moreover, the corporate has a digital fee system for company payouts, aid help, and extra.
“We now have been a longtime associate to Tango and had been additionally an early investor. We’re thrilled with the chance to mix the most effective of BHN with the most effective of Tango to supply main, world, scalable options and innovation to the rewards and incentives trade,” stated BHN President and CEO Talbott Roche.
The deal, which marks BHN’s 14th acquisition because it was based in 2001, is predicted to shut later this 12 months.
Picture by Sora Shimazaki
