PartnerUp joins previously announced transactions Hostopia and Logo Mojo, supporting Deluxe's focus on helping small businesses growST. PAUL, Minn., July 30, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Deluxe Corporation
(NYSE: DLX) announced today it has acquired PartnerUp, an online networking
community for small businesses and entrepreneurs. This acquisition is aligned
with Deluxe's continued focus on creating a strategic portfolio of services
and products that spans the full small business workflow.
"We see PartnerUp's web-based small business networking platform as one of
the foundational building blocks for our growing small business services
offering," said Lee Schram, Chief Executive Officer of Deluxe. "Business
people increasingly want to interact with their peers through networking
communities, and get the information they need to compete quickly and
reliably. PartnerUp enables them to do this, with intuitive tools and
features to address top of mind small business problems."
PartnerUp was launched in mid-2007 and already has several thousand
registered members who are able to find and share the information, resources
and services they need to start, grow and run their businesses. Deluxe plans
to promote the value of PartnerUp membership to its current small business
customers, and the PartnerUp community will have access to products and
services from Deluxe and other brands.
"We're excited about the opportunity to be a part of Deluxe, allowing us
to do things bigger and better here at PartnerUp," said Steve Nielsen, CEO and
founder of PartnerUp. "We're confident that with Deluxe's support, we'll have
the ability to do even more to help small business owners and entrepreneurs,
while both Deluxe and PartnerUp continue to expand their presence within the
small business community."
Earlier this year, Deluxe announced acquisition transactions with Hostopia
and Logo Mojo, two other companies that support Deluxe's focus on becoming a
go-to partner for small businesses looking to build and grow their brands.
Hostopia is a leading provider of Web services that enables small businesses
to establish and maintain an internet presence. Logo Mojo is a Canadian-based
online logo design company.
Deluxe Corporation, through its industry-leading businesses and brands,
helps financial institutions and small businesses better manage, promote, and
grow their businesses. The Company uses direct marketing, distributors, and a
North American sales force to provide a wide range of customized products and
services: personalized printed items (checks, forms, business cards,
stationery, greeting cards, labels, and retail packaging supplies),
promotional products and merchandising materials, fraud prevention services,
and customer retention programs. The Company also sells personalized checks
and accessories directly to consumers. For more information about Deluxe,
SOURCE Deluxe Corporation