Employees rewarded with millions after company sale

Staff at Reward Gateway are celebrating a windfall after the company was bought by Great Hill Partners.

Great Hill Partners, a technology investor based in Boston, USA, has agreed to buy Reward Gateway from current owners Inflexion Private Equity. The deal values the company at £140million.

Management and employees own a 40% stake in the company through a shared ownership scheme. Today’s deal triggers a shared payment of £6.5million to 269 employees.

Employees below management own five per cent of the company through its Employee Share Plan, so an employee who has been at the company for several years will earn an amount similar to their annual salary.