VC-backed Achievers acquired by Blackhawk Network for $110 mln
Blackhawk Network Holdings Inc (NASDAQ: HAWK) has bought Achievers Corp, a provider of employee recognition and rewards solutions designed to help companies increase employee engagement. The purchase price was US$110 million. Achievers, which has its headquarters in San Francisco, has a history in Canada along with a Toronto office. It received venture capital funding from a mix of investors, including Canada's JLA Ventures and Northleaf Capital Partners. Sequoia Capital led its US$24.5 million Series C round in 2011. Blackhawk, a U.S. prepaid and payments company, said the deal broadens the reach of its incentive and engagement business.
2 July 2015•2 mins read
