GiftCardLab.com, an online provider of gift cards, has acquired 1-800-GIFTCARD.com, Inc., including its client portfolio and vanity 1-800 number. Terms of the deal were not disclosed.
“I have a great deal of respect and admiration for the 1-800-GIFTCARD.COM team. They have built a wonderful business based upon superior customer service and had amazing vision to register and trademark key assets in the gift card industry. We plan to continue in this tradition, now as a team. With sales now approaching $100 Million, we believe this acquisition is the first step in reaching $1 Billion in annual gift card sales by 2014” said Dave Jones, CEO of Gift CardLab.
USA, Dallas, TX