---
title: 'It''s never too late to buy gifts: InComm acquires Portland startup Giftango'
date: '2013-01-08T10:27:52-08:00'
type: post
word_count: 364
char_count: 2599
tokens: 474
categories:
  - '#featured'
  - Acquisitions
  - Oregon
  - Portland
  - Startups
tags:
  - Giftango
  - OAF
  - 'oregon angel fund'
  - Portland
  - Startup
---

# It's never too late to buy gifts: InComm acquires Portland startup Giftango

Starting off the new year, many folks are looking for a little bit of change. Well, Portland-based [Giftango](http://giftango.com "Giftango") just started the year with a pretty big one. You see, [the company has been acquired by Atlanta-based InComm](http://www.prnewswire.com/news-releases/incomm-acquires-giftango-corporation-expands-digital-gifting-solution-186011982.html "InComm Acquires Giftango Corporation, Expands Digital Gifting Solution").

While terms of the deal were not disclosed, it is clear that Giftango will be keeping the Portland office. And, [according to the Portland Business Journal](http://www.bizjournals.com/portland/morning_call/2013/01/digital-gift-card-startup-giftango.html?ana=twt&page=all "Digital gift card startup Giftango acquired by InComm"), it was a lucrative exit for investors.

“It was a very good exit,” said David Nelsen, CEO of Giftango. “It’s a sizable deal. It was a positive return for our investors.”

What’s Giftango do?

> Founded in 2005, Giftango entered digital gifting by providing turnkey solutions to help merchants sell gift cards from their websites. After identifying needs in the fulfillment, customer service and management of gift cards between leading merchants and their largest gift card purchasing partners, Giftango created solutions specifically designed to streamline these processes. Today, more than 150 leading brands deliver digital gift cards through Giftango’s network of more than 80 partners.

This marks another successful exit for the [Oregon Angel Fund](http://www.oregonangelfund.com/ "Oregon Angel Fund") from the tech startup scene. ([CrowdCompass exited last year](http://siliconflorist.com/2012/06/19/charting-direction-crowdcompass-acquired-10-million/ "CrowdCompass acquired for $10 million").) How successful, you ask? Well, [according to The Oregonian](http://www.oregonlive.com/silicon-forest/index.ssf/2013/01/giftango_sold_to_incomm_will_r.html "Giftango sold to InComm, will retain Portland office"), it’s OAF’s most profitable exit, to date:

> Giftango had raised nearly $7 million in outside investment, most recently a 2010 round. Its backers included the Oregon Angel Fund, which invested $500,000 in 2009, and Taylor Corp., a Minnesota company that specializes in brand marketing.

> “This is our most profitable exit,” said Eric Rosenfeld, founder of the Oregon Angel Fund. “We should get over six times our money back, which is just terrific.”

For more information, visit [Giftango](http://giftango.com "Giftango").