Reward Gateway Acquires MoveSpring

Interopay Acquires Rewardworks

June 7, 2023

Payments & Fintech

Interopay Inc., a Portland-based B2B payment automation company, has acquired Rewardworks, a long-time accounts-payable/payment automation software provider. The deal — executed by Interopay (formed by Rewardworks management and investors) — will integrate Rewardworks' operations into Interopay to accelerate product development, expand customer reach, and enhance ERP-integrated payment solutions for mid-market customers.

Edenred Acquires Reward Gateway

May 16, 2023

Cloud & SaaS

Edenred has agreed to acquire 100% of Reward Gateway from funds managed by Abry Partners and Castik Capital for £1.15bn, valuing the employee engagement SaaS at ~20x EV/EBITDA (2023e). The acquisition expands Edenred’s employee benefits and engagement capabilities and extends Reward Gateway’s footprint in the UK, Australia and the US; Reward Gateway is expected to be consolidated immediately on closing and the deal is financed by debt and cash.

Reward Gateway Acquires Fond

March 1, 2023

Cloud & SaaS

Reward Gateway, a global HR technology and employee engagement company backed by Abry Partners and Castik Capital, has acquired Fond, a U.S.-based employee recognition, rewards and perks SaaS provider. The acquisition strengthens Reward Gateway’s recognition and rewards capabilities and expands its reach into Fond’s enterprise customer base.

Abry Partners and Castik Capital Acquire Reward Gateway

May 4, 2021

Cloud & SaaS

Reward Gateway, a UK-based SaaS employee engagement platform, has agreed to be acquired by private equity firms Abry Partners and Castik Capital from Great Hill Partners. The deal, announced May 4, 2021, will support Reward Gateway's next growth phase, funding product innovation and continued expansion (transaction expected to close in Q3 2021).

Accel-KKR Acquires Springbrook Software from Accela

January 7, 2020

Cloud & SaaS

Accel-KKR, a technology-focused private equity firm, has acquired Springbrook Software, a provider of cloud-based ERP, finance, payroll and utility billing software for local governments. The carve-out from Accela will let Springbrook operate as an independent company with increased investment to accelerate product innovation, customer care and growth across North America.

Reward Gateway Acquires Brand Integrity

July 17, 2018

Cloud & SaaS

Reward Gateway, a global employee engagement platform, has acquired Brand Integrity, a 15-year-old U.S.-based employee engagement technology and consulting firm headquartered in Rochester, New York. The deal more than doubles Reward Gateway's U.S. team, adds new clients (including Rite-Aid, Constellation Brands, and Excellus BlueCross BlueShield), and strengthens Reward Gateway's presence in the U.S. market.