“3TL is a great fit for RS as both companies enable major enterprises to harness the power of recommendations from friends through email and social channels via proprietary digital platforms,” said Rob Goehring, CEO of RewardStream. “We believe that 3TL’s Platform technology will improve the ROI we have been delivering with our Spark referral platform by giving brands the ability to identify and reward brand ambassadors for sharing valuable content on Facebook, Twitter and Instagram. We are excited by the potential for offering a disruptive, differentiated and measureable value proposition to major consumer brands, financial services companies and retailers by integrating our SaaS platforms.” The purchase price for the acquisition will be $4 million plus earn out consideration of up to $2 million for achieving certain performance targets in the 12 month period following the close of the acquisition, paid out as follows:.
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