Jack Henry & Associates

Jack Henry & Associates, Inc.
Public
Traded as NASDAQ: JKHY
S&P 400 Component
Founded 1976 (1976) in Monett, Missouri
Headquarters Monett, Missouri, United States
Key people
 John F. Prim
(Executive Chairman)
David B. Foss
(President & CEO)
Kevin D. Williams
(Treasurer & CFO)
Revenue Increase US$ 1.43 billion
(JUN 30 2017)
Increase US$ 367.70 million
(JUN 30 2017)
Decrease US$ 245.79 million
(JUN 30 2017)
Total assets Increase US$ 1.91 billion
(JUN 30 2017)
Total equity Increase US$ 1.03 billion
(JUN 30 2017)
Number of employees
 5,972
(JUN 30 2017)
Website www.jackhenry.com
Footnotes / references
[1]

Jack Henry & Associates is an S&P 400 company that supports more than 11,300 financial institutions with core processing services.[2] JHA was ranked the 14th largest provider of information technology services to the financial services industry worldwide in a 2016 FinTech 100 surveys.[3] Headquartered in Monett, Missouri, JHA made $1.431 billion in annual revenue during fiscal 2017.[4]

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.[5]

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.[6]

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.[7] This line includes NetTeller Online Banking.[8]

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 increase services provided through Symitar.[9]

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.[10]

Acquisitions and divestitures

2017

  • Ensenta Corporation[11]
  • Vanguard Software Group[12]

2015

  • Bayside Business Solutions[13]

2014

2010

  • iPay Technologies [15]

2009

  • Pemco Technologies [16]
  • Goldleaf Financial Solutions, Inc.[17]

2007

  • AudioTel Corporation [18]
  • Gladiator Technology Services [19]

2006

  • US Banking Alliance [20]

2005

  • Profitstars Inc.[21]
  • Select Payment Processing, Inc.
  • Verinex Technologies, Inc.
  • Optinfo, Inc.
  • TWS, Inc.
  • Synergy
  • Stratika
  • Tangent Analytics, LLC[22]

References

  1. ↑ "US SEC: Form 10-K Jack Henry & Associates, Inc". U.S. Securities and Exchange Commission. Retrieved February 8, 2018.
  2. ↑ "Jack Henry & Associates, Inc. Company Profile | D&B Hoovers". www.hoovers.com. Retrieved 2018-07-09.
  3. ↑ "IDC Financial Insights" (PDF). 2016.
  4. ↑ "Selected Financial Data". JHA Annual Report: 25. 2017. Retrieved 9 July 2018.
  5. ↑ "History". www.jackhenry.com. Retrieved 2018-07-09.
  6. ↑ "Jack Henry & Associates - NASDAQOMX".
  7. ↑ "Jack Henry Banking – Learn More About Us & Our Banking Solutions". www.jackhenrybanking.com. Retrieved 2018-07-09.
  8. ↑ "NetTeller Online Banking". www.jackhenrybanking.com. Retrieved 2018-07-09.
  9. ↑ "Symitar – Learn More About Us & Our Credit Union Solutions". www.symitar.com. Retrieved 2018-07-09.
  10. ↑ "Jack Henry Introduces ProfitStars Brand (NASDAQ:JKHY)".
  11. ↑ "Jack Henry & Associates and Ensenta Corporation Complete Acquisition Transaction".
  12. ↑ "Jack Henry & Associates Acquires Vanguard Software Group".
  13. ↑ "Jack Henry & Associates Acquires Bayside Business Solutions".
  14. ↑ "Jack Henry & Associates Acquires Banno".
  15. ↑ "Jack Henry & Associates and iPay Technologies Complete Acquisition Transaction (NASDAQ:JKHY)".
  16. ↑ "Jack Henry & Associates to Acquire Pemco Technologies (NASDAQ:JKHY)".
  17. ↑ "Jack Henry & Associates and Goldleaf Financial Solutions, Inc. Complete Acquisition Transaction (NASDAQ:JKHY)".
  18. ↑ "ProfitStars(TM) Announces the Acquisition of AudioTel Corporation (NASDAQ:JKHY)".
  19. ↑ "Jack Henry Announces the Acquisition of Gladiator Technology Services, Inc. (NASDAQ:JKHY)".
  20. ↑ "Jack Henry Announces the Acquisition of US Banking Alliance (NASDAQ:JKHY)".
  21. ↑ "Jack Henry Announces the Acquisition of Profitstar (NASDAQ:JKHY)".
  22. ↑ "Jack Henry Announces the Acquisition of Tangent Analytics, LLC (NASDAQ:JKHY)".
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