RealTime IT News

Netcentives Flies High with Acquisition

Loyalty marketing developer Netcentives Inc. Wednesday added to its infrastructure tools by acquiring MaxMiles Inc., a business-to-business aggregator of information for the travel space.

Financial terms were not disclosed, although Netcentives did say MaxMiles' headquarters will relocate from Chicago to Netcentives' San Francisco headquarters.

MaxMiles provides technology for travelers a way to organize their frequent flyer miles. Customers such as Excite@Home (ATHM), America Online (AOL), Microsoft (MSFT), Sabre (TSG) and Wal-Mart (WMT) use MaxMiles tools in its travel offerings to customers.

Netcentives (NCNT) will license MaxMiles technology to portals, e-tailers and other consumer brands. It will compliment Netcentives' ClickRewards flagship service -- an incentive-based, purchasing program that offers frequent-flyer miles and other rewards to online shoppers.

West Shell, chairman and chief executive officer of Netcentives, said the acquisition adds to the company's strategy of delivering an infrastructure for rewards-based Internet promotions and marketing.

"This acquisition is a clear strategic fit for Netcentives," Shell said. "MaxMiles provides us with significant personalized aggregation technologies that will be immediately available to our customers: major portals, financial institutions and leading e-tailers. Today, MaxMiles is used to track rewards, but tomorrow, this technology could be the basis for enabling consumers to aggregate and view all kinds of personal account information."