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Blackhawk Network inks agreement to acquire Rewards-as-a-Service platform Tango Card

February 6, 2024

Acquisition Agreement: Blackhawk Network (BHN) has signed an agreement to acquire the Rewards-as-a-Service (RaaS) platform Tango Card.
Tango Card Specialization: Tango Card, founded in 2009, specializes in enabling B2B companies to distribute gift cards, prepaid cards, and incentives through its API-based RaaS platform.
Proposed Takeover Impact: The acquisition aims to combine BHN’s digital rewards management platform with Tango’s incentives platform, expected to be completed later this year, pending regulatory approval.
Established History: BHN has a history with Tango as an early-stage investor, and the deal reconnects BHN with Tango’s growth equity investor, FTV Capital.
Global Portfolio Enhancement: Talbott Roche, CEO of BHN, sees Tango’s offering as a perfect complement to BHN’s global product portfolio, fueling innovation in the rewards and incentives industry.