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Augeo Incent Acquires IncentOne's Performance and Loyalty Solutions (PLS) Business

Posted on: Tuesday, 8 September 2009, 10:15 CDT

ST. PAUL, Minn., Sept. 8 /PRNewswire/ -- Augeo Incent, LLC, a wholly owned subsidiary of Augeo Affinity Marketing, Inc. (Augeo), announces its acquisition of the Performance and Loyalty Solutions business of IncentOne, a privately held incentive and technology company located in Lyndhurst, NJ.

Augeo is a privately held company that develops and manages data-driven rewards, coalition marketing and employee benefit programs across multiple industry verticals including foodservice, distribution, retail, publishing, home improvement, insurance and high profile member associations. Founded in 1999, Augeo's headquarter office is located in St. Paul, MN with additional offices in Phoenix, AZ, New York, NY and Islandia, NY.

The acquisition will support Augeo's continued growth in the loyalty, incentive and rewards space. "Augeo Incent is a strategic extension of Augeo's established product and service portfolio and will be an important part of Augeo's growth in 2010 and beyond," commented David Kristal, CEO of Augeo. "This allows us to offer an even wider range of solutions to our current and future clients."

Augeo Incent will maintain its leadership position in the corporate incentive market; developing, implementing and managing comprehensive incentive solutions focusing on employee recognition, sales force incentives, and customer engagement and acquisition. "We will continue to provide best-in-class systems and rewards including gift cards, cash rewards, merchandise and travel. In addition, we are streamlining our fulfillment process to provide the highest level of service to each client," said Adam Berenson, EVP of Augeo Incent and former IncentOne COO. "With our combined experience and expertise, Augeo Incent will be in a unique position to provide end-to-end program development for incentives and rewards. Additionally, we will be able to offer many other loyalty solutions and employee benefits to our clients through our other divisions."

"We are thrilled to be joined with the talented and highly experienced team coming from IncentOne's PLS business," added Kristal. "We look forward to building upon all that they have accomplished to date and supporting their account needs as it relates to each client."

About Augeo Incent

Augeo Incent delivers high-impact, integrated incentive solutions that help companies achieve their business objectives by motivating employees, channel partners and customers. Augeo Incent provides end-to-end support and management for sales incentives, business-to-business loyalty solutions, rewards and recognition, and customer loyalty programs. Augeo Incent helps customers compete and win in a changing global environment by combining the power of its multi-industry incentive expertise with Augeo Affinity Marketing's data-driven technologies.

For more information about Augeo Incent, visit www.augeoincent.com.

About Augeo Affinity Marketing

Augeo is a diverse loyalty and benefits company with proven expertise in program design, technology, database design, marketing, operations and vendor acquisition/management. Augeo provides customizable and flexible programs that are tailored and managed to deliver specific results based on each client's performance and data objectives. Augeo now has five different business units; Augeo Incent, Augeo Points, Augeo Coalition, PerksCard and Augeo Affinity Insurance Services.

For more information about Augeo Affinity Marketing, visit www.augeomarketing.com.

SOURCE Augeo Incent, LLC

Source: PR Newswire

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