Blackhawk Network to Acquire InteliSpend Prepaid Solutions!
Blackhawk Network announced that it has entered into a definitive agreement to acquire InteliSpend Prepaid SolutionsTM, a leader in the corporate incentives and consumer promotions marketplace. “Blackhawk has become one of the largest third party providers of prepaid cards and payment solutions to consumers through its network of content providers and points of retail distribution. The acquisition of InteliSpend gives us a very strong entry into the complementary corporate incentives and consumer promotions channels,” said Bill Tauscher, Blackhawk Network CEO. “Together, we will be able to bring exciting new digital solutions into the corporate incentives industry in the U.S. and internationally, adding even more value for both InteliSpend’s business customers and Blackhawk’s content partners,” he added.
InteliSpend will operate as a business unit of Blackhawk Network, reporting directly to Talbott Roche, Blackhawk Network president, and will remain headquartered in Fenton, MO.
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