CashStar’s David D. Stone Named MaineBiz 2012 Leader of the Year

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MaineBiz recognizes David D. Stone, CEO and co-founder of Portland-based CashStar, as a 2012 Leader of the Year for driving innovation in digital gifting, expanding a booming Maine business and fostering local economic growth. The honor of Business Leader of the Year marks Stone as a Maine executive who successfully grew his company, and in this case, an industry, taking Maine’s economy along with him.

“As we continue to lead change in the $110 billion GiftCard industry, CashStar is proud of our team and customers for helping Portland to become the epicenter of digital gifting”

“As we continue to lead change in the $110 billion GiftCard industry, CashStar is proud of our team and customers for helping Portland to become the epicenter of digital gifting,” said David D. Stone. “Maine has been the foundation for us to build a great team. We have relied on the loyal and passionate local talent residing here in the Maine community to grow and plan to continue to do so in the months and years to come.”

From its launch, CashStar has leveraged Portland’s local professionals to help expand the business to more than 75 employees, with plans to further expand this year. Since pioneering the eGift Card industry in 2008, CashStar now serves more than 250 marquee retail brands and grew over 400 percent year-over-year in 2011.

Retail brands leverage CashStar to easily and securely integrate digital gifting strategies into their B2B and B2C marketing and engagement offerings to increase sales and customer loyalty. CashStar offers consumers and business executives unmatched personalized digital gifting experience via e-mail, mobile and social channels.

Source: Business Wire