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Pine Labs

Pine Lab officially acquires Qwikcilver for $110 million

Pine Labs

Point of sale payment solution company Pine Labs has confirmed on Friday that it has completed the acquisition of Bengaluru based gift card solutions provider Qwikcilver.

Last month, Pine Labs had signed a definitive agreement to acquire Qwikcilver for $110 million. With this acquisition, Qwikcilver and Pine Labs now have a combined gift solutions business comprising 250 brands and retailers and 1500 enterprise customers. (Source)

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