MONETT, Mo., Oct. 1, 2018 /PRNewswire/ -- Jack Henry
& Associates, Inc.® (NASDAQ: JKHY) is a
leading provider of technology solutions and payment processing
services primarily for the financial services industry. Today the
company announced the acquisition of Agiletics, Inc., a
Florida-based provider of proven
solutions that help banks better serve commercial customers with
sophisticated escrow, investment, and liquidity management
solutions. Agiletics joins Jack
Henry & Associates as part of Jack Henry
Banking® which supports banks, ranging from
de novo to multi-billion-dollar institutions, with information and
transaction processing solutions.
According to Stacey Zengel,
President of Jack Henry Banking, and Vice President of Jack Henry & Associates, "Recognizing that
ongoing, low-cost deposit growth is a strategic goal for most banks
today, acquiring Agiletics and enhancing our product offering with
its proven solutions generates new opportunities for our clients
and our company. Agiletics provides an array of solutions that help
banks of all sizes gather commercial deposits by better serving
their business customers and attracting new ones. And we are
particularly excited about the near- and long-term benefits that
Agiletics' automated escrow and investment management solutions
will deliver."
Agiletics Escrow System processes escrow accounts, including
landlord/tenant, attorney/trust, real estate, title company,
developer, surrogate, resident care, and more. It supports flexible
options for interest accruals and interest sharing between
customers and escrow accounts and accommodates state-specific
processing requirements.
Agiletics Investment System processes a variety of money market
security investments for bank customers and supports automated
sweeps between investment and DDA accounts to help manage cash and
investment portfolios. It fully automates short-term investing of
available sweep balances in multiple repos, fed funds, money
marketing savings accounts, commercial paper, master notes,
Eurodollars, mortgage-backed securities, and other types of money
market securities. Direct online investments are supported with
securities accounting and automated collateral management.
Robert Wiseman, Executive Vice
President of Agiletics, said, "We are excited to join Jack Henry & Associates, a recognized
industry leader that clearly shares our commitment to establishing
integrity-based relationships, delivering high quality business and
banking solutions, and to supporting each client relationship and
each solution with exceptional service. We are ready to formally
introduce our solutions to Jack
Henry's clients and to demonstrate how they can immediately
increase fee income, expand markets and services, and improve the
operating efficiency of multiple bank departments and functional
roles."
Agiletics was a privately held company. Terms of the transaction
were not disclosed.
About Agiletics, Inc.
Agiletics was
founded in 1987 as a specialty banking software firm. Its mission
is to provide exceptionally high-quality, comprehensive systems and
support for commercial banks. Agiletics extensive experience in
software design delivers robust functionality with high efficiency
and portability. Additional information is available at
www.agiletics.com.
About Jack Henry & Associates,
Inc.
Jack Henry &
Associates, Inc.® (NASDAQ: JKHY) is a leading provider
of technology solutions and payment processing services primarily
for the financial services industry. Its solutions serve more than
9,000 customers nationwide and are marketed and supported through
three primary brands. Jack Henry Banking®
supports banks ranging from community banks to multi-billion dollar
institutions with information processing
solutions. Symitar® is a leading provider of
information processing solutions for credit unions of all
sizes. ProfitStars® provides highly
specialized products and services that enable financial
institutions of every asset size and charter, and diverse corporate
entities to mitigate and control risks, optimize revenue and growth
opportunities, and contain costs. Additional information is
available at www.jackhenry.com.
Statements made in this news release that are not historical
facts are forward-looking information. Actual results may
differ materially from those projected in any forward-looking
information. Specifically, there are a number of important
factors that could cause actual results to differ materially from
those anticipated by any forward-looking information.
Additional information on these and other factors, which could
affect the Company's financial results, are included in its
Securities and Exchange Commission (SEC) filings on Form 10-K, and
potential investors should review these statements. Finally,
there may be other factors not mentioned above or included in the
Company's SEC filings that may cause actual results to differ
materially from any forward-looking information.
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SOURCE Jack Henry &
Associates, Inc.