Paramount acquires CKE ATM Soltions

Source: Paramount

Paramount Management Group is pleased to announce it has acquired CKE ATM Solutions. Based in Morristown, NJ, CKE is a leading provider of ATM outsourcing services to credit unions and mid-tier financial institutions.

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, Tayler 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.
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