Jack Henry & Associates

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Jack Henry & Associates, Inc.

Type	Public
Traded as	Nasdaq: JKHY S&P 500 component
Founded	1976; 45 years ago (1976) in Monett, Missouri
Headquarters	Monett, Missouri, United States
Key people	David B. Foss (President & CEO) Kevin D. Williams (Treasurer & CFO) Mark S. Forbis (Executive Vice President & CTO)
Revenue	US$ 1.54 billion (JUN 30 2018)
Operating income	US$ 392.37 million (JUN 30 2018)
Net income	US$ 376.66 million (JUN 30 2018)
Total assets	US$ 2.10 billion (JUN 30 2018)
Total equity	US$ 1.27 billion (JUN 30 2018)
Number of employees	6,717 (2020)
Website	jackhenry.com
Footnotes / references [1]

Jack Henry & Associates, Inc. is a 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]

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[]

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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[]

• Geezeo^[9]

2018[]

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

2017[]

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

2015[]

• Bayside Business Solutions^[14]

2014[]

• Banno^[15]

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[]