Transaction Wireless Acquired By First Data

San Diego-based Transaction Wireless, the digital gift card startup backed by Mission Ventures and Okapi Ventures, has been acquired by First Data, First Data said this week. Financial terms of the buy were not disclosed. First Data said the buy will help it offer up a fully integrated, comprehensive physical and digital gift card program. One of the company's investors said the acquisition represented a "very nice outcome" for the founders, employees, and investors.