Paramount Acquires CKE ATM Solutions, Founder Mike Kerans to Join Paramount's Subsidiary Sharenet
Paramount Management Group has acquired Morristown, NJ-based CKE ATM Solutions. In addition to acquiring the company, a leading provider of ATM outsourcing services to credit unions and mid-tier financial institutions, CKE founder Mike Kerans will Join Paramount's Subsidiary Sharenet.
Mike Kerans, one of CKE's founders, will join Paramount's subsidiary Sharenet. Kerans brings 20 years of banking and ATM experience to the Sharenet team. He will be responsible for pioneering strategic ATM partnership programs for credit unions and banks of all sizes. Prior to co-founding CKE, Kerans worked for leading ATM deployers such as Access to Money, where he helped pioneer the "bank at work" program as well as Cardtronics.
In addition, Tyler Curtis, one of the co-founders of CKE, will also be joining the Sharenet team to continue to manage the existing CKE customer base.
"We are extremely excited about this acquisition, not only are we acquiring the assets of a company that has become a leader in their chosen market, but at the same time are partnering with Mike Kerans ‒ one of the pioneers of the ATM industry," said Jorge Fernandez, Chief Development and Marketing Officer at Paramount and Sharenet. "This acquisition once again reaffirms our corporate commitment of establishing our company as a leader in providing ATM outsourcing solutions for financial institutions."
"It's an honor to join the Paramount/Sharenet team. At CKE, we created a solid base and reputation for providing excellent ATM services to our customers. The partnership with Paramount provides us with the capital and resources needed to further expand our business," Kerans said.
ABOUT PARAMOUNT MANAGEMENT GROUP, LLC — A national leader in implementing solutions incorporating technology allowing consumers, retailers and financial institutions to interact with each other, Paramount's services include the placement and operation of ATMs, digital media solutions and meeting consumer needs by providing bill pay, money remittance, gift card dispensing, among other services at the ATM. The company's Sharenet division specializes in providing ATM outsourcing solutions to financial institutions. For more information, visit www.paramountmgp.com. Visit www.sharenetatm.com to learn more about Paramount's ATM outsourcing programs.
ABOUT CKE ATM SOLUTIONS — CKE is a leading provider of ATM outsourcing solutions for credit unions and mid-tier financial institutions. For further information, please visit www.cke-atm.com
Chief Development & Marketing Officer