- 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.
