Blackhawk Network Completes Acquisition of Achievers Corp.

PLEASANTON, Calif., June 30, 2015 (GLOBE NEWSWIRE) — Blackhawk Network announced it has completed the acquisition of Achievers Corp., as previously described in its June 11, 2015 press release. Achievers’ Employee Success Platform™ empowers employees and managers to deliver real-time recognition for meeting objectives, reaching milestones or driving results, to increase employee engagement and align with the values and goals of the employer.

Blackhawk Network CFO Jerry Ulrich commented, "The purchase price of $110 million equates to approximately two times Achievers’ calendar 2014 adjusted operating revenues."

The company will provide additional details on the Achievers acquisition during its next earnings call scheduled for July 22, 2015.

About Blackhawk Network Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) is a leading prepaid and payments global company, which supports the program management and distribution of gift cards, prepaid telecom products and financial service products in a number of different retail, digital and incentive channels. Blackhawk’s digital platform supports prepaid across a network of digital distribution partners including retailers, financial service providers, and mobile wallets. For more information, please visit www.blackhawknetwork.com and www.giftcardmall.com.

About Achievers

Achievers’ Employee Recognition and Rewards solution provides companies with a robust foundation for their employee engagement initiatives that enables both social and rewards-based recognition. Designed for today’s workplace, Achievers’ innovative SaaS platform can increase employee engagement and drive business success. It empowers employees to recognize and reward each other in real time and aligns employees with company values and goals. Delivering millions of recognitions annually, the Achievers platform inspires employee loyalty, engagement and performance in 150 countries. Visit us at www.achievers.com. Achievers is a Blackhawk Network company and is headquartered in Toronto and San Francisco.

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