Blackhawk Network (NASDAQ: HAWK and HAWKB), a prepaid and payments network, will acquire Parago, Inc., a Dallas, Texas-based provider of global incentive and engagement solutions, for approximately $290m.
The acquisition is aimed to add significant capabilities to Blackhawk’s incentive solutions business. Parago will operate as a subsidiary of Blackhawk Network.
Led by Juli Spottiswood, president and CEO, Parago is a provider of end-to-end engagement management programs for consumers, sales channels and employees. Clients include more than 250 customers, including Fortune 100 companies, multi-national corporations and global consumer brands.
Following the acquisition, Spottiswood will lead Blackhawk’s incentive business and report to Talbott Roche.
Led by and Talbott Roche, president, and Bill Tauscher, chief executive officer, Blackhawk is a prepaid and payments network, which supports the distribution of gift cards, prepaid telecom products and financial service products across a global network.
FinSMEs
28/09/2014