Punchd Officially Acquired by Google

Posted Jul 11, 2011

Punchd, a service that provides digital loyalty cards, is now a Google property. The acquisition is confirmed on the Punchd site, which reports that the team will be moving to Google’s offices.¬†TechCrunch reports that Google may have paid more than $10 million for the acquisition. Punchd’s team includes Reed Morse, Xander Pollock and Niket Desai, and is part of Dave McClure’s 500 Startups.