ATLANTA, Jan. 5, 2016 /PRNewswire/ -- InComm, a leading prepaid product and transaction services company, today announced it has acquired TibiDono, a leading marketing and gift card distribution company based in Austria.
"This acquisition strengthens InComm's presence in the European market and enhances our international retail partnerships," said Frank Monaco, Executive Vice President and General Manager, International, InComm. "TibiDono has a strong reputation and has built a stellar business within the Austrian market. We are excited to add TibiDono to the InComm family and increase our presence throughout Europe."
Founded in 2009, TibiDono entered the market by focusing on the development of innovative distribution and marketing channels for gift cards in the European marketplace. Today, top brands in Austria use TibiDono to deliver gift cards and vouchers through online technology, B2B channels, and retailer partnerships.
"We are very excited to join the InComm global network," said Mark Zyla, managing director, TibiDono. "Partnering with such a reputable and resourceful company as InComm will allow us to significantly grow the business with and for our retail and brand partners in both Austria and other markets."
The acquisition expands InComm's reach globally and positions the company to continue transforming the future of the gift card experience. TibiDono will become a wholly owned subsidiary of InComm and will continue to grow its operations in Salzburg, Austria.
TibiDono Handelsinnovationen GmbH, headquartered in Elsbethen near Salzburg, was founded in 2009. The company is a leading distributor of gift cards and gift card boxes in Austria. TibiDono distributes gift card content direct to retailers and indirectly through agents, enabling these partners access to high growth, high margin product categories that generate incremental traffic and sales.
InComm is a leading global technology enabled network facilitating prepaid commerce and technology solution services. Since our founding in 1992, we have established an omnichannel commerce network that connects our distribution partners with our products and services partners and consumers through over 450,000 physical locations, as well as through digital channels, including online, mobile and social. With 186 global patents, InComm is headquartered in Atlanta with a presence in over 30 countries in North and South America, Europe and the Asia-Pacific region. Learn more at www.incomm.com or connect with us on www.twitter.com/incomm, www.facebook.com/incomm, www.linkedin.com/company/incomm or www.incomm.com/blog.