“We are confident that CardCash now has someone at the helm of our technology department who can bring us to where we need to be in 2014, and strategically position us to continue innovating”, says Elliot Bohm, CEO of CardCash.com.
Brick, NJ (PRWEB) October 06, 2014
CardCash.com, the web’s leading secondary gift card marketplace, announced today the hiring of Avery Kornbluth, who will be joining the executive team at CardCash.com. He will be serving in a dual role of Chief Technology Officer and Chief Information Officer. Mr. Kornbluth brings with him many years of broad experience as a technology strategist and architect, having served as CTO in well-known companies like IDT Corporation, ING Barings, Grace Healthcare and Alaris Healthcare, and startups like MAP International, and Amplification Technologies.
“As an e-commerce site in today’s ever-evolving digital age it's vital that our technology division is led by a forward thinking individual, someone with vast experience in digital innovation,” says Elliot Bohm, CEO of CardCash.com. “As someone who has successfully managed key components of both large and small corporations, Avery possesses these key qualities and so much more. We are confident that CardCash now has someone at the helm of our technology department who can bring us to where we need to be in 2014, and strategically position us to continue innovating.”
“I am very excited with the opportunity at CardCash,” said Avery Kornbluth. “They have a great team and business model, with compelling market opportunities. I look forward to help bring this company to the next level with innovative solutions.”
Mr. Kornbluth will be heading CardCash.com’s new engineering office based in New York City.
Annual gift card sales exceeded $113 billion in the United States in 2013, with nearly 10% of those cards going unspent. CardCash.com provides a simple and secure online exchange that helps consumers convert their unused cards into cash for as much as 97% of face value. Those in the market for gift cards, meanwhile, can buy credit to top national brands at a discount as high as 40%.
Based in Brick, New Jersey, CardCash.com offers the country’s largest and most secure selection of discounted gift cards online, and has been profitable since its founding in 2008, even as it more than doubled sales each year. The company was ranked #14 out of 100 on Forbes’ list of America’s Most Promising Companies for 2014. For three years running, Inc. magazine has included the company on its prestigious Inc. 500 list of the fastest growing private companies in America.
In November 2013, CardCash raised Series A venture funding from Guggenheim Partners, a global financial services firm.