Biometric Industry Leader Acquires Loyalty Marketing Pioneer

In keeping with its corporate strategy to acquire companies that complement its portfolio and provide future growth opportunities, Pay By Touch today announced that it has acquired S&H Solutions (S&H) and its parent company S&H greenpoints. The purchase price was in excess of $100 million in cash and stock.

S&H Solutions is a leading provider of customer-based loyalty marketing and retail solutions. Many years and more than $200 million dollars have gone into developing the company's real-time marketing technologies, including a highly sophisticated analytical engine that enables retailers to deliver one- to-one consumer messages in-store through multiple proprietary platforms.

"S&H Solutions' unique marketing technologies and advanced promotion engine are years ahead of anything else in the marketplace. We looked at personalized marketing services, and, around the world, none of them even comes close," said John Rogers, Founder, Chairman, and CEO of Pay By Touch. "S&H's unparalleled solutions and top-tier team make it the perfect strategic fit with Pay By Touch. We are extremely pleased to welcome the S&H team, and look forward to working together to help merchants deliver the right offer to the right shopper at the right time."

S&H Solutions' suite of services also includes the S&H greenpoints® Reward Program, the digital reinvention of the Sperry & Hutchinson Company's Green Stamps. The nation's first loyalty marketing program (circa 1896), the S&H greenpoints program rewards millions of consumers with points for every dollar they spend at participating merchants.

"Pay By Touch is the leader in biometric authentication for payments and S&H has built world class loyalty marketing systems," said Ron Pedersen, CEO of S&H Solutions. "Together we will transform the personalized marketing industry by offering unprecedented opportunities for relevance marketing and customization."

In connection with the S&H acquisition, Pay By Touch is also pleased to announce that J. Stuart Moore, a Director of S&H Solutions, will join the Pay By Touch Board of Directors. Mr. Moore is also Co-Founder and Director, and formerly Co-Chairman and Co-CEO, of Sapient Corporation.

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