From the Wires
Gift Card Provider Celebrates Five-Year Anniversary
2012 Highlights: Grew 50%, Raised 3M in Capital, Doubled In-House Employees, Purchased 1-800 Gift Card, Inc. and GiftCard.com Domain
By: PR Newswire
Nov. 27, 2012 11:15 AM
DALLAS, Nov. 27, 2012 /PRNewswire/ -- GiftCard.com, the leading online gift card provider, today announced that in the past year of operations, the company has grown by 50% and has gained thousands of customers across every industry. Since its launch in November of 2007, CardLab Inc.—now branded as GiftCard.com—has emerged as the clear leader in the gift card sector, providing a one-stop shop for everything gift card.
Since the beginning of 2012 alone, the company has doubled its staff, adding ten in house employees, with plans to continue hiring in 2013. Growing just as rapidly, it has doubled the number of store gift cards offered since January and continues to add local Dallas merchants to the product offerings. In addition to raising 3M in royalty financing from Cypress Growth Capital, CardLab, Inc. recently purchased 1-800 Gift Card, Inc., which embodies the GiftCard.com domain name and 1-800-GIFT CARD® phone number. The ownership and use of the URL will continue fuel the company's growth and expand audience reach in 2013 and beyond.
"Saying 2012 was a big year for us would be an understatement," said David Jones, CEO of GiftCard.com. "After four years of steady growth, this year has marked major company changes that have enabled us to emerge as the clear leader in the gift card space. We're thrilled to be celebrating five years of business this November, and thankful for the hundreds of thousands of customers who have made it possible."
In addition to its popular customizable cards, it offers e-gift cards and store gift cards, providing consumers with a one-stop shop for everything gift card. Within its e-Gift Card suite, GiftCard.com vends a unique CharityChoice gift card, which allows the recipient to choose from over 250 charities they want the gift card funds to benefit. For small business to major enterprises and every business in between, GiftCard.com's incentive site, IncentiveCardLab.com, offers corporate incentive cards, gift cards designed to award and recognition employees and clients.
"As we close out the 2012 year and reminisce on the past five years of business, we are grateful for our customers, who have made it all possible," said Jones. "We look forward to continued success and growth in 2013 and beyond."
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