The Incentium Story

Incentium was founded in 2000 by A. Hamid Andalib, a Tennessee restaurant owner with an innovative spirit and a passion for serving others. Hamid’s journey started many years earlier in Iran where, as a young teenager, he risked his life in order to immigrate to the United States. Alone in a strange country and initially unable to speak the language, Hamid was nonetheless determined to assimilate into American culture, and in just a few short years, he not only earned two college degrees, but also worked his way up from dishwasher to owner of the largest restaurant in Tennessee. It was at this restaurant that Hamid discovered the co-branded credit card and incentive industry – a discovery that ultimately inspired the creation of Incentium.

Less than five years after its inception, Incentium’s innovative products and superior service catapulted Incentium to the top of the incentive industry, establishing it as one of the fastest growing companies in America. This considerable success attracted the attention of private equity and venture capital firms, and in October 2008, Summit Partners and Bridgescale Partners purchased a majority stake in Incentium. As part of the transaction, Summit Partners and Bridgescale Partners brought in Richard Char as President and Patrick Gildea as Chief Financial Officer.

With the financial support of Summit Partners and Bridgescale Partners, Incentium now plans to further establish its leadership in the incentive industry while continuing to offer customized corporate incentive and consumer loyalty programs to an increasingly dynamic industry customer base.