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STAMFORD, Conn., Dec. 31, 2020 /PRNewswire/ cxLoyalty Group Holdings, Inc. ( cxLoyalty Group Holdings ) today announced the closing of the previously announced sale of its Global Loyalty division ( cxLoyalty ) to JPMorgan Chase & Co. (NYSE: JPM) ( JPMC ). The Company will operate under the Global Customer Engagement division and will be headquartered in Stamford, CT.
The transaction includes cxLoyalty s leading technology platforms, full service travel agency, gift card, merchandise, and points bank businesses. cxLoyalty will operate as a business unit within JPMC. The transaction excludes cxLoyalty Group Holdings Global Customer Engagement division and other ongoing businesses. Today marks an important next chapter for the Global Customer Engagement business, said Greg Miller, who will lead the Global Customer Engagement Division going forward. We are excited to be in a position to expand our product roadmap without capital constraints
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STAMFORD, Conn., Dec. 28, 2020 /PRNewswire/ cxLoyalty Group Holdings, Inc. ( cxLoyalty Group Holdings ) today announced that it has entered into a definitive agreement to sell its Global Loyalty division ( cxLoyalty ) to JPMorgan Chase & Co. (NYSE: JPM) ( JPMC ). The deal includes cxLoyalty s leading technology platforms, full service travel agency, gift card, merchandise, and points bank businesses. cxLoyalty will operate as a business unit within JPMC. The transaction excludes cxLoyalty Group Holdings Global Customer Engagement division and other ongoing businesses (collectively the Global Customer Engagement Division ).
As a result of this transaction, each of cxLoyalty and the Global Customer Engagement Division, will focus on their respective market opportunities with dedicated teams and resources, enabling new avenues for growth and success. Under its new ownership, cxLoyalty will drive even greater investments in its technology, co