For the football coach, see Jack Henry

Jack Henry

John "Jack" Henry is an offensive line coach for the National Football League's San Diego Chargers. After a disappointing playoff loss to the Pittsburgh Steelers, the Chargers organization announced that Henry's contract will not be renewed when it expires in February 2009...

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Jack Henry & Associates an S&P 400 company, supports more than 11,200 financial institutions with core processing solutions as well as the highly specialized products and services that financial services organizations of all asset sizes and diverse businesses outside the financial industry use to improve revenue and growth, mitigate and control financial and operational risks, and contain operating costs. JHA was ranked the 18th largest provider of information technology services to the financial services industry worldwide in the 2009 FinTech 100 surveys. Headquartered in Monett, Missouri

Monett, Missouri

Monett is a city in Monett Township in Barry County and Pierce Township in Lawrence County, Missouri, United States. The population was 8,873 at the 2010 census...

, JHA made 836.6 million sales in total revenue for fiscal year of 2010 (ended June 30).

History

Jack Henry & Associates (JHA) was formed in 1976 by Jack Henry, working on a borrowed computer. Jerry Hall joined the venture that year. In 1977, JHA 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; selectively sold outside the financial services industry; and selectively sold internationally. 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.

"You Don't Know Jack...Or Jerry" book was published in 2008 by Deeds Publishing. Author: Robert O. Babcock.

Corporate structure

JHA is a financially sound, service-focused company that provides the technology-driven products and services financial institutions and diverse businesses need to capitalize on business opportunities and solve operational challenges. The company’s solutions are supporting more than 11,200 customers and are delivered through four primary brands.

Jack Henry Banking

Jack Henry Banking is a leading provider of the core and complementary solutions banks need to process financial transactions, automate business processes, and manage mission-critical information. Its original business line supports approximately 1,500 banks – ranging from recently chartered de novo institutions to multi-billion dollar mid-tier banks – with three functionally distinct core processing systems and more than 100 integrated complementary products and services.

Symitar

Symitar provides core systems to credit unions. It was founded in 1984 and acquired by JHA in 2000. Symitar's flagship product is Episys, a core processing software application used by about 600 credit unions to manage its member base and process transactions. The Episys platform is notable for being fairly customizable. It has its own PowerOn scripting language (most refer to it as RepGen, short for its original name of Report Generator) and its own SymConnect interface which allows access to the core database by Symitar and JHA add-on modules, as well as by third-party add-on providers. In 2002 JHA acquired South Carolina-based CU Solutions, adding the Cruise core processing system to its credit union offering in the Symitar division. This is a Windows-based system for smaller credit unions.

ProfitStars

The ProfitStars division provides highly specialized products and services that financial services organizations of all asset sizes and charters, and diverse businesses outside the financial industry use to improve revenue and growth, mitigate and control financial and operational risks, and contain operating costs. ProfitStars provides approximately 65 products and services that have been implemented by more than 8,800 customers and enable Jack Henry & Associates to serve large nontraditional markets. ProfitStars provides a range of add-on products, mainly solutions offered by JHA acquisitions. Some examples include imaging and payment processing, financial performance, information security and risk management, and retail delivery solutions.

iPay Technologies

JHA established its fourth primary brand with the June 2010 acquisition of iPay Technologies which operated as the largest independent provider of electronic bill pay services in the United States. iPay Technologies’ sophisticated bill pay engine integrates with any online banking platform and provides feature-rich retail and small business bill payment solutions backed by extensive payments expertise and outstanding service. Through strategic partnerships with more than 50 providers of information processing and online banking solutions, iPay’s turnkey, highly configurable electronic payments platform is supporting more than 1,700 financial institutions, including more than half of the nation’s credit unions and approximately 40 percent of the nation’s community banks that offer bill payment services.

Acquisitions and divestitures

Activity listed is acquisitions unless called out as a divestiture.

2005

• Select Payment Processing, Inc.
• Verinex Technologies, Inc.
• Optinfo, Inc.
• TWS, Inc.
• Synergy
• Stratika
• Tangent Analytics, LLC

Competition

Fidelity National Information Services

Fidelity National Information Services

Fidelity National Information Services, Inc. , also known as FIS, is a publicly traded corporation and is a global provider of banking and payments technology solutions, processing services and information-based services...

Fidelity National Information Services, Inc. provides core financial institution processing, card issuer and transaction processing services, mortgage loan processing and related information products and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals.

Fiserv, Inc.

Fiserv

Fiserv, Inc. provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing , software and systems solutions. The company serves more than 16,000 clients worldwide...

Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Fiserv celebrates its 25th year in 2009.

John H. Harland Company

Harland offers a wide range of products including core processing solutions for banks and credit unions. They claim to serve over 7,000 clients.

Open Solutions

Open Solutions focuses on the financial services marketplace providing state of the art industry specific products and services.