Reward Gateway, the employee engagement technology specialist, has announced the acquisition of Dazines Ltd, a user-centered software specialist located in London, Bulgaria and Macedonia. 32 Dazines staff will join the company and the acquisition will see the establishment of a Reward Gateway software engineering centre in Bulgaria.
Reward Gateway Founder & CEO Glenn Elliott said “We’ve always been known as a technology and product business and since 2007 we have set the agenda in the employee benefits industry. We’ve known our new colleagues at Dazines for several years and they operate a first class software engineering centre and have an excellent skill set. The acquisition triples the number of engineers we have dedicated to employee benefits and employee engagement technology and together with our London team we’ll really be able to deliver on our product roadmap. We are extremely lucky to have been able to incorporate the Dazines team.”
Seb Aspland, Founder & CEO at Dazines said “We’re all delighted to be joining the existing engineering team at Reward Gateway. They’ve built a great global business focussing on delivering an amazing experience to the 2 million users at nearly 1,000 corporate clients and they really live the values that we have always had at Dazines. We’ve got some great skills and experience to bring to the Reward Gateway party and all of our team are really excited to get working on such a large platform with such a big user base. It’s a really exciting time in the HR technology marketplace right now and we couldn’t be happier to be part of it.”
Reward Gateway powers the employee engagement systems of almost 1,000 clients globally. Clients as diverse as IBM, McDonalds, American Express, KPMG, Unilever, AOL and Yahoo! all rely on the company’s technology. Dual headquartered in London and New York, Reward Gateway was the 2nd fastest growing UK tech company in 2011, the 7th fastest in Europe in 2012 and has revenues approaching $500m. The company is owned by International Benefits Holdings with Inflexion Private Equity as the ultimate majority shareholder.