VIPGift Receives Investment From Summit Partners and Bridgescale Partners
CHATTANOOGA, TN and PALO ALTO, CA–(Marketwire - November 11, 2008) - VIPGift, LLC, a leading
provider of corporate and consumer incentive programs and prepaid card
solutions to clients across the United States, announced today that it has
received a majority investment from Summit Partners, a private equity and
venture capital firm that has raised more than $11 billion since inception,
and Bridgescale Partners, a late-stage venture capital and private equity
firm.
Founded in 2000, VIPGift offers corporate and consumer incentive programs
to Fortune 500 companies. A leader in the fragmented $400 billion
incentives industry, VIPGift has distinguished itself by providing one-stop
customized solutions and technologies that help customers drive growth and
achieve strategic corporate objectives. Clients use VIPGift’s products and
services for customer acquisition and retention programs, employee
incentive and reward programs, marketing initiatives, and consumer rebate
programs. VIP
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