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We utilized Blueboard for one of our employee recognition programs. Every year, on your anniversary, you were awarded a gift of your choosing. They provided a

We utilized Blueboard for one of our employee recognition programs. Every year, on your anniversary, you were awarded a gift of your choosing. They provided a lot of fun options, from cooking classes, to furniture, to ski trips and everything in between. Structurally, we paid them for each award and then they handled the administration of the awards, including concierge service as our employees redeemed them. The result is that if an employee hasn't used an award, Blueboard was banking the money on their side. In a 'fantastic' case study in how NOT to shutdown a company, today we (including all of our employees) got an email saying they were shutting down immediately. No mention of returning funds was made, which is the #1 question of any customer of theirs needs to know. A close #2 would be the status of awards that were currently in process or booked, also not mentioned in the email. Does anyone have further information on this? Has anyone been able to make contact with the team?

nottsmith 3y ago
Basically Triplepoint, who Blueboard had borrowed money from, wanted their money backs after Blueboard defaulted, taking all money from their accounts. Entire company went under and everyone lost their job w/ no severance after being told to optimistically expect an acquisition or funding. You won’t get any funds back, anything in flight that isn’t paid for won’t be paid for. Ask the ex ceo for a check or sue for breach of contract.
P_Saha 3y ago
For those impacted by the recent developments at Blueboard, we at Vantage Circle (www.vantagecircle.com) understand the uncertainty caused by recent events. As a trusted employee recognition SaaS provider, we're here to offer a smooth transition. Experience our speedy onboarding and the stability of our profitable company, ensuring continuity and support for your recognition programs.

nottsmith 3y ago

Basically Triplepoint, who Blueboard had borrowed money from, wanted their money backs after Blueboard defaulted, taking all money from their accounts. Entire company went under and everyone lost their job w/ no severance after being told to optimistically expect an acquisition or funding. You won’t get any funds back, anything in flight that isn’t paid for won’t be paid for. Ask the ex ceo for a check or sue for breach of contract.

P_Saha 3y ago

For those impacted by the recent developments at Blueboard, we at Vantage Circle (www.vantagecircle.com) understand the uncertainty caused by recent events. As a trusted employee recognition SaaS provider, we're here to offer a smooth transition. Experience our speedy onboarding and the stability of our profitable company, ensuring continuity and support for your recognition programs.