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Edenred Reward Gateway Acquisition Pushes it to Unicorn Status

Arnaud ErulinEdenred joins a growing number of incentive and recognition companies reaching unicorn status, at least in terms of gross sales. Others appear to include CarltonOne Engagement and Workhuman.
As reported in Employee Benefits, Edenred has acquired global employee engagement firm Reward Gateway with funds managed by Abry Partners and Castik Capital. The deal is a sign that private equity has taken an increasing interest in the rewards and recognition field.
Reward Gateway reportedly will join Edenred’s employee benefits division under the leadership of Global Chief Nick BurnsOperating Officer of employee benefits solutions, Arnaud Erulin. Nick Burns, Global Chief Executive Officer of Reward Gateway, will remain in his role.
Edenred recently acquired Latin American incentive and engagement leader GOintegro.

According to the announcement, the deal includes “the accelerated delivery of a range of solutions and extends the reach of Reward Gateway’s platform into new regions in Belgium, France, Germany, Italy, Romania and Spain. This will give human resources departments access to a multi-country employee benefits and engagement platform.”

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