Jack Henry & Associates is an S&P 400 company that supports more than 11,300 financial institutions with core processing services. JHA was ranked the 14th largest provider of information technology services to the financial services industry worldwide in a 2016 FinTech 100 surveys. Headquartered in Monett, Missouri, JHA made $1.431 billion in annual revenue during fiscal 2017.
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History
Jack Henry & Associates (commonly referred to as JHA) was formed in 1976 by Jack Henry and Jerry Hall in Verona, MO. In 1977, Jack Henry & Associates was incorporated and generated $9,360 in revenue.
The company went public October 29, 1985 with an IPO of 1.5 million primary shares. JHA started acquiring other companies in 1992. It acquired Symitar in 2000. In 2004, JHA's focused diversification acquisition strategy resulted in the acquisition of a number of companies and products that can be sold outside JHA's core client base to all financial services organizations regardless of charter, asset size, core processing platform. In 2006, JHA launched its third primary brand - ProfitStars - to encompass the specialized products and services assembled through its focused diversification acquisition strategy. In 2010 the company acquired iPay Technologies, which operated as the largest independent provider of electronic bill pay services in the United States.
Maps Jack Henry & Associates
Corporate structure
JHA provides hardware and software for financial institutions. The company supports more than 10,500 customers through three primary brands.
Jack Henry Banking
Jack Henry Banking is a provider of the core and complementary services banks use to process financial transactions, automate business processes, and manage information. The original JHA business line supports approximately 1,300 banks. This line includes NetTeller Online Banking.
Symitar
Symitar was founded in 1984 and acquired by JHA in 2000. Symitar's product is Episys, a software application used to manage member base and process transactions. It has its own PowerOn scripting language, RepGen, and its own SymConnect and SymXchange interfaces allowing for access by Symitar, Jack Henry add-on modules, and third-party applications. In 2002, JHA acquired CU Solutions to increases services provided through Symitar.
ProfitStars
The ProfitStars brand was launched in February 2006 to combine 13 companies purchased by Jack Henry. It provides a sales force automation system, check imaging, and disaster recovery services using any core processing system.
Acquisitions and divestitures
2017
- Ensenta Corporation
- Vanguard Software Group
2015
- Bayside Business Solutions
2014
- Banno
2010
- iPay Technologies
2009
- Pemco Technologies
- Goldleaf Financial Solutions, Inc.
2007
- AudioTel Corporation
- Gladiator Technology Services
2006
- US Banking Alliance
2005
- Profitstars Inc.
- Select Payment Processing, Inc.
- Verinex Technologies, Inc.
- Optinfo, Inc.
- TWS, Inc.
- Synergy
- Stratika
- Tangent Analytics, LLC
References
External links
- Official website
Source of article : Wikipedia
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