27 Sep GiftCardLab Acquires 1-800-GiftCard.com
Our sources say the deal is valued at over $4M in cash and stock with GiftCardLab picking up all 1-800-GiftCard.com owned customers, websites and trademarks.
GiftCardLab.com CEO Dave Jones says the acquisition points the company toward selling $1 Billion in gift cards annually by 2014.
Full press release below:
DALLAS, Sep 25, 2012 (BUSINESS WIRE) — GiftCardLab.com, a leading online provider of gift cards, today announced the acquisition of 1-800-GIFTCARD.com, Inc., including its client portfolio and vanity 1-800 number. This acquisition represents Gift CardLab’s continued dominance in the online gift card industry and its rapid growth and traction in the prepaid card space.
With an easy-to-remember 1-800 number, GiftCardLab.com will make customizing your own gift card even more attainable and efficient, thereby meeting the demand from consumers and companies for Store Gift Cards, e-Gift Cards, Customizable Gift Cards and Corporate Incentive Cards.
“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,” said Dave Jones, CEO of Gift CardLab. The acquisition cost was not disclosed.
“I believe Dave Jones is a visionary with a proven track record and that memorable 1-800-GIFT CARD(R) will provide a unique marketing advantage to help him achieve his rapid expansion plans in the gift card industry,” said Maynard Small, President and Founder of 1-800-GIFTCARD.COM.
GiftCardLab.com was the first company to offer a customized Visa(R) Gift Card and to ship gift cards with a customized greeting card. Now the company is continuing to blaze a trail in the gift card industry by being the first online gift card store to offer local merchants gift cards branded with their own logos and images.
Additionally, the convenience of online ordering protects consumers from gift card tampering. Since the gift cards and card numbers are protected, GiftCardLab.com customers know their gift cards will arrive to the recipient untouched and fully loaded with the requested amount of funds. GiftCardLab.com even takes care of postage and delivery, noting that first class mailing is always free.
“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.
“We want to make it as easy, safe and convenient as possible for customers to purchase gift cards whether you are buying 1 gift card as a birthday gift or 10,000 gift cards for employee incentives. With over 170 brands and 1,000s of designs to choose from along with our satisfaction guarantee, why shop anywhere else for gift cards?” For more information or to create a customized gift card, visit
About GiftCardLab.com GiftCardLab.com is your one stop shop for gift cards. Whether you’re looking to personalize a Visa Gift Card with your own photo, or find gift cards to your favorite retailers and restaurants, GiftCardLab.com has the largest selection in the world. The Dallas based company was founded in 2004 and continues to wow customers with exceptional customer service. Learn more at
About 1-800-GIFTCARD.COM 1-800-GIFTCARD.COM, Inc. is a privately owned gift and reward card business started in 2003 in Austin, Texas by three founders, Maynard Small, Susan and Trevor Smith. The company owns the oldest and one of the most valuable domain names in the gift card category. It registered GIFTCARD.COM in 1995 before any of its competitors. It also owns the memorable toll-free vanity phone number, 1-800-GIFT CARD which is a registered trademark. The company serves both large and small corporate customers and has always earned the highest BBB A+ rating.
SOURCE: GiftCardLab.com CONTACT: SS|PR Kristin Miller, 719-634-8292 firstname.lastname@example.org Copyright Business Wire 2012 -0- KEYWORD: United States