Tillo Buys Jigsaw Business Solutions
The Tillo gift card redemption platform purchases Jigsaw Business Solutions, a provider of gift card programs for retailers.Click here for links to RRN Preferred Solution Providers.
In a transaction reportedly valued at $4.6 million, UK-based Tillo, a rewards and incentive redemption platform, has announced the acquisition of Jigsaw Business Solutions, a UK provider of gift card management services for 20 retailers. Both have operations in the US.
Tillo describes itself as “the market-leading embedded rewards and incentives platform.” It says, “This acquisition marks a pivotal moment in Tillo’s growth trajectory, signaling a new era of expanded capabilities and enhanced customer offerings that firmly place Tillo at the forefront of the global gift card industry. It also brings together Tillo’s robust technology infrastructure and customer-centric approach with Jigsaw’s extensive experience in full-program gift-card management, enhancing Tillo’s business offering for both existing and prospective customers.”
In a company statement, Alex Preece, CEO and CO-Founder of Tillo says: “By integrating Jigsaw’s extensive experience in managing high-profile retailer gift card programs into Tillo’s innovative platform and overall service offering, we can offer more tailored, competitive solutions to our customers and strengthen our unique position as leaders in the global gift card market."
John Bohan and Kim Anderson, Jigsaw Founders, say, “Over the last 10 years our incredible team has helped launch, manage and grow some amazing gift card programs and now, the time is right for the next chapter, both personally and professionally. Together Tillo and Jigsaw will become a true industry powerhouse across the globe.”
The companies say that Jigsaw will continue to operate as a stand-alone entity but will become integrated into Tillo’s service offering and product ecosystem.
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