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Jack Henry & Associates

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Jack Henry & Associates, Inc.
Company typePublic
Founded1976; 48 years ago (1976) in Monett, Missouri
HeadquartersMonett, Missouri, United States
Key people
David B. Foss
(President & CEO)
Kevin D. Williams
(Treasurer & CFO)
Mark S. Forbis
(Executive Vice President & CTO)
RevenueIncrease US$ 1.54 billion
(JUN 30 2018)
Increase US$ 392.37 million
(JUN 30 2018)
Decrease US$ 376.66 million
(JUN 30 2018)
Total assetsIncrease US$ 2.10 billion
(JUN 30 2018)
Total equityIncrease US$ 1.27 billion
(JUN 30 2018)
Number of employees
6,511
(OCT 31 2018)
Websitejackhenry.com
Footnotes / references
[1]

Jack Henry & Associates, Inc. is a technology company and payment processing services for the financial services industry. It serves more than 9,000 customers nationwide, and operates through three primary brands.[2] Headquartered in Monett, Missouri, JHA made $1.55 billion in annual revenue during fiscal 2019.[3]

History

Jack Henry & Associates (commonly referred to as JHA) was formed in 1976 by Jack Henry and Jerry Hall in Monett, Missouri. In 1977, Jack Henry & Associates was incorporated and generated $115,222 in revenue.[4]

On November 20, 1985, an initial public offering made JHA a public company trading 3,125,000 common shares on the NASDAQ exchange under the symbol JKHY. In 1992, JHA began to aggressively acquire companies that expanded its product offering and its client base. It acquired Symitar in 2000, establishing its second brand which serves the credit union industry. In 2004, JHA acquired 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 acquisitions. In 2012, JHA announced $1 billion in annual revenue.[5]

Corporate structure

Jack Henry & Associates, Inc. (NASDAQ: JKHY) operates through three primary brands listed below.

Jack Henry Banking

Jack Henry Banking is a provider of integrated computer systems for banks ranging from de novo to institutions. Jack Henry Banking currently serves approximately 1,000 banks.[6]

Symitar

Symitar was founded in 1984 and acquired by JHA in 2000. Symitar is a provider of integrated computer systems for credit unions of all sizes. Symitar's product is Episys, a software application used to manage member base and process transactions.[7]

ProfitStars

ProfitStars is a core-agnostic solution provider to banks and credit unions. It is headquartered in Allen, TX. [8]

Acquisitions

2019

2018

  • BOLTS Technologies, Inc.[10]
  • Agiletics, Inc.[11]

2017

  • Ensenta Corporation[12]
  • Vanguard Software Group[13]

2015

  • Bayside Business Solutions[14]

2014

2010

  • iPay Technologies [16]

2009

  • Pemco Technologies [17]
  • Goldleaf Financial Solutions, Inc.[18]

2007

  • AudioTel Corporation [19]
  • Gladiator Technology Services [20]

2006

  • US Banking Alliance [21]

2005

  • Profitstar Inc.[22]
  • Select Payment Processing, Inc.
  • Verinex Technologies, Inc.
  • Optinfo, Inc.
  • TWS, Inc.
  • Synergy
  • Stratika
  • Tangent Analytics, LLC[23]

References

  1. ^ "US SEC: Jack Henry & Associates Ends Fiscal 2018 With 7% Increase In Operating Income". [www.jackhenry.com www.jackhenry.com]. Retrieved November 6, 2018.
  2. ^ Jack Henry & Associates (2016-12-01), Jack Henry & Associates Rings NASDAQ Opening Bell for 40th Anniversary, retrieved 2019-02-21
  3. ^ "Jack Henry & Associates, Inc. (JKHY) Income Statement - Yahoo Finance". finance.yahoo.com. Retrieved 2020-07-29.
  4. ^ "History". www.jackhenry.com. Retrieved 2018-07-09.
  5. ^ "Jack Henry & Associates - NASDAQOMX".
  6. ^ "Jack Henry Banking – Learn More About Us & Our Banking Solutions". www.jackhenrybanking.com. Retrieved 2018-07-09.
  7. ^ "Symitar – Learn More About Us & Our Credit Union Solutions". www.symitar.com. Retrieved 2018-07-09.
  8. ^ "ProfitStars Overview / About Us".
  9. ^ "Jack Henry & Associates Acquires Geezeo".
  10. ^ "Jack Henry & Associates Acquires BOLTS Technologies, Inc".
  11. ^ "Jack Henry & Associates Acquires Agiletics, Inc".
  12. ^ "Jack Henry & Associates and Ensenta Corporation Complete Acquisition Transaction".
  13. ^ "Jack Henry & Associates Acquires Vanguard Software Group".
  14. ^ "Jack Henry & Associates Acquires Bayside Business Solutions".
  15. ^ "Jack Henry & Associates Acquires Banno".
  16. ^ "Jack Henry & Associates and iPay Technologies Complete Acquisition Transaction (NASDAQ:JKHY)".
  17. ^ "Jack Henry & Associates to Acquire Pemco Technologies (NASDAQ:JKHY)".
  18. ^ "Jack Henry & Associates and Goldleaf Financial Solutions, Inc. Complete Acquisition Transaction (NASDAQ:JKHY)".
  19. ^ "ProfitStars(TM) Announces the Acquisition of AudioTel Corporation (NASDAQ:JKHY)".
  20. ^ "Jack Henry Announces the Acquisition of Gladiator Technology Services, Inc. (NASDAQ:JKHY)".
  21. ^ "Jack Henry Announces the Acquisition of US Banking Alliance (NASDAQ:JKHY)".
  22. ^ "Jack Henry Announces the Acquisition of Profitstar (NASDAQ:JKHY)".
  23. ^ "Jack Henry Announces the Acquisition of Tangent Analytics, LLC (NASDAQ:JKHY)".
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