Stored Value Systems Invests in ProfitPoint
Stored Value Systems has announced a strategic investment in ProfitPoint, a provider of gift and loyalty card solutions to small and medium-sized retailers and restaurants.
"Comdata's SVS subsidiary is already in a leadership position among national retailers in the gift card marketplace," Gary Krow, Comdata president, said. "ProfitPoint has excellent presence in the small market, especially with their loyalty programs. We see tremendous opportunity for growth for both companies by leveraging these complementary strengths.""Ultimately, we chose SVS and Comdata because of their reputation as a leading provider of business-to-business card-based transactions," ProfitPoint Chief Executive Officer Vaden C. Landers said. "We were also impressed with Comdata's and SVS' strong commitment to this marketplace, reflected by the caliber of their leadership and their operations within the gift card and payroll card industries."
Stumble It!
Add your comment... (note that all comments are reviewed before they're published)