Minneapolis social commerce upstart Red Stamp has been acquired by the Occasions Group, an affiliate of the Mankato-based Taylor Corp.
This marks the latest acquisition among the 80-plus affiliates of Taylor Corp. – a 9,000-employer-strong, privately held company founded by sports-team owner Glen Taylor. As part of the deal, Red Stamp will retain its brand name and URL.
Speaking of the acquisition, Occasions Group President Mike Provenzano said that Red Stamp provides a mobile app that will “blend well with our long-standing experience and offerings in the printed social stationery and communications arena.”
With over 1.25m users, Red Stamp carries more than 1,000 customizable photo/text designs that users can share via mobile handhelds and PCs.