Jack Henry & Associates

Jack Henry & Associates, Inc. is an American technology company and payment processing service 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]

Jack Henry & Associates, Inc.
TypePublic company
Founded1976 (1976) in Monett, Missouri
HeadquartersMonett, Missouri, U.S.
Key people
David B. Foss
(Board Chair & CEO)
Mimi Carsley
(CFO)
Ben Metz
(Chief Digital and Technology Officer)
RevenueIncrease US$1.94 billion
(JUN 30 2022)
Increase US$474 million
(JUN 30 2022)
Decrease US$362 million
(JUN 30 2022)
Total assetsIncrease US$2.57 billion
(DEC 2022)
Total equityIncrease US$1.38 billion
(JUN 30 2022)
Number of employees
6,847 (2022)
Websitejackhenry.com
Footnotes / references
[1]

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, the company 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. 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. It is a provider of integrated computer systems for credit unions of all sizes. Symitar's product is Quest, 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

2022

2019

2018
  • BOLTS Technologies, Inc.[11]
  • Agiletics, Inc.[12]

2017
  • Ensenta Corporation[13]
  • Vanguard Software Group[14]

2015
  • Bayside Business Solutions[15]

2014

2010
  • iPay Technologies[17]

2009
  • Pemco Technologies[18]
  • Goldleaf Financial Solutions, Inc.[19]

2007
  • AudioTel Corporation[20]
  • Gladiator Technology Services[21]

2006
  • US Banking Alliance[22]

2005
  • Profitstar Inc.[23]
  • Select Payment Processing, Inc.
  • Verinex Technologies, Inc.
  • Optinfo, Inc.
  • TWS, Inc.
  • Synergy
  • Stratika
  • Tangent Analytics, LLC[24]

References
  1. (PDF) SEC: Jack Henry & Associates, Inc. Reports Full-Year Fiscal 2022 Results https://mma.prnewswire.com/media/1879499/4th_Qtr_FYE2022.pdf?p=original SEC: Jack Henry & Associates, Inc. Reports Full-Year Fiscal 2022 Results. {{cite web}}: Check |url= value (help); Missing or empty |title= (help)
  2. Jack Henry & Associates (2016-12-01), Jack Henry & Associates Rings NASDAQ Opening Bell for 40th Anniversary, archived from the original on 2021-12-12, 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 Closes Payrailz Acquisition".
  10. "Jack Henry & Associates Acquires Geezeo".
  11. "Jack Henry & Associates Acquires BOLTS Technologies, Inc".
  12. "Jack Henry & Associates Acquires Agiletics, Inc".
  13. "Jack Henry & Associates and Ensenta Corporation Complete Acquisition Transaction" (Press release).
  14. "Jack Henry & Associates Acquires Vanguard Software Group" (Press release).
  15. "Jack Henry & Associates Acquires Bayside Business Solutions" (Press release).
  16. "Jack Henry & Associates Acquires Banno". Archived from the original on 2016-03-04.
  17. "Jack Henry & Associates and iPay Technologies Complete Acquisition Transaction (NASDAQ:JKHY)".
  18. "Jack Henry & Associates to Acquire Pemco Technologies (NASDAQ:JKHY)".
  19. "Jack Henry & Associates and Goldleaf Financial Solutions, Inc. Complete Acquisition Transaction (NASDAQ:JKHY)".
  20. "ProfitStars(TM) Announces the Acquisition of AudioTel Corporation (NASDAQ:JKHY)".
  21. "Jack Henry Announces the Acquisition of Gladiator Technology Services, Inc. (NASDAQ:JKHY)".
  22. "Jack Henry Announces the Acquisition of US Banking Alliance (NASDAQ:JKHY)".
  23. "Jack Henry Announces the Acquisition of Profitstar (NASDAQ:JKHY)".
  24. "Jack Henry Announces the Acquisition of Tangent Analytics, LLC (NASDAQ:JKHY)".
  • Business data for Jack Henry & Associates, Inc.:
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