S&H Solutions announced that it was purchased by Pay By Touch for $100 million in cash and stock. S&H has a 110-year history and is the "grand daddy" of loyalty marketing in many ways.
"A generation of Americans grew up with them, Andy Warhol immortalized them in his art and consumers redeemed more than $10 billion in rewards with them. S&H Green Stamps were all the rage and everywhere you looked, America was collecting them. In the 1960s, the S&H catalog became the largest publication in the country and S&H printed three times as many stamps as the U.S. Post Office."
This transaction feels like AOL buying Time Warner. Not because I think it's going to fail but simply because it is a new economy company (in this case, biometrics) buying an incredibly "old school" one.
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