8/23/10

Cartera Moves to New, Larger Headquarters to Support Growth

The new offices are located in Lexington, MA.

Lexington, MA, August 17, 2010 - Cartera Commerce, the leading provider of multi-channel shopping solutions and merchant-funded rewards (formerly known as Mall Networks), today announced the company has moved to larger offices to support its growing staff.

The new offices - located at One Cranberry Hill in Lexington, MA - have more than 12,000 square feet and now house Cartera’s expanded operations in support of a rapidly growing client base and merchant network. The company, which has offices in New York, Wilmington, Chicago, Atlanta and San Francisco, moved into its new headquarters on Monday, August 9, 2010.

“With triple digit revenue growth for the third consecutive year, it is critical that we support our client and merchant partners with ongoing investment and the hiring of top industry talent.  Our move to new, larger headquarters reflects this investment, as well as the extraordinary success of our programs,” commented Tom Beecher, president and CEO of Cartera Commerce. “We’re delighted with the new space.”

Last week, Cartera Commerce announced record revenues for fiscal 2010 and the rebranding of the company to Cartera Commerce. The new name reflects the company’s rapid growth, expanded solution suite and market leadership in multi-channel shopping and merchant-funded rewards. Cartera's private label shopping platform and targeted performance advertising network now reach over 150 million consumers, driving incremental spend, customer acquisition and engagement for leading banks, loyalty programs and more than 1,000 merchant partners.

 About Cartera Commerce

Cartera Commerce is the leading provider of multi-channel shopping solutions and merchant-funded rewards that increase revenue, strengthen customer loyalty, and improve member engagement for a range of industries including financial services, card issuers, airline and hospitality, and loyalty programs. Featuring an integrated network of more than 800 world-class online and bricks-and-mortar merchants, Cartera Commerce's multi-channel shopping solutions and flexible, on-demand platform power personalized online and in-store shopping programs for more than 150 million consumers. Industry leaders including JPMorgan Chase, Delta, Best Buy, USAA, Upromise, and Verizon rely on Cartera Commerce to build loyal, profitable customer relationships. Cartera Commerce is headquartered in Lexington, Mass. For more information, visit http://www.carteracommerce.com.

Topics:

Cartera Commerce, Mall Networks, multi-channel shopping

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