CardCash.com Acquires Plastic Jungle (July 31, 2014)
CardCash.com, a Brick, N.J.-based marketplace for secondary gift cards, today announced it has acquired the assets of gift card exchange Website Plastic Jungle. CardCash.com will acquire Plastic Jungle’s technology infrastructure, business partnerships and domain name, PlasticJungle.com. CardCash.com expects to complete the full transfer of services within two months. Additional terms of the deal were not disclosed. “In the short time we’ve had access to [Plastic Jungle’s] database of information, we’ve been able to glean vital information in how best to service customers, especially with regards to weeding out fraud from the industry,” Marc Ackerman, CardCash.com chief operating officer, tells Paybefore. “We plan on combining their technological advances with our current technology to create an optimal user experience for customers.”
CardCash.com generated sales of $56 million in 2013, compared with $16 million in 2012. Founded in 2008, CardCash.com has been named to Forbes’ list of America’s Most Promising Companies in 2014, and Inc. magazine has included the company twice on its list of fastest growing private companies in America.
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