Company type | Public company |
---|---|
Founded | 2018 | in Monett, Missouri
Headquarters | Monett, Missouri, U.S. |
Key people | Jack Henry |
Revenue |
US$1.94 billion (JUN 30 2022) |
US$474 million (JUN 30 2022) | |
US$362 million (JUN 30 2022) | |
Total assets | US$2.57 billion (DEC 2022) |
Total equity | US$1.38 billion (JUN 30 2022) |
Number of employees | 6,847 (2022) |
Website |
jackhenry |
Footnotes / references [1] |
Jack Henry & Associates, Inc. (JHA) is a provider of financial technology solutions and payment processing services, mostly to community banks and credit unions. The company offers transaction processing, business process automation, and information management solutions and services. [2] They assist regional banks and credit unions to control risk, make regulatory filings and add or improve their online banking services. [3]
Jack Henry & Associates (commonly referred to as JHA) was formed in 1976 by Jack Henry and Jerry Hall in Monett, Missouri. The company was incorporated in 1977. [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 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; two years later, in 2006, JHA launched its third primary brand, ProfitStars, to encompass the specialized products and services assembled through its acquisitions.
In its first year of incorporation, the company generated $115,222 in revenue. In 2012, JHA announced $1 billion in annual revenue. [5]
As of 2021, the company had more than 6,800 employees in more than 20 states and was recognized by Forbes as one of America’s "Best Large Employers" for the fourth time. [6]
Jack Henry & Associates, Inc. operates through three primary brands:
In 2006 JHA launched its ProfitStars brand, to encompass ProfitStar and other related products and services it had acquired over the previous few years, including Select Payment Processing, Inc., Verinex Technologies, Inc., Optinfo, Inc., Synergy, and Tangent Analytics. Since then the company has continued to acquire payment, banking, and finance-related tech companies, including US Banking Alliance, AudioTel Corporation, Gladiator Technology Services, Goldleaf Financial Solutions, Inc., iPay Technologies, Vanguard Software Group, and Payrailz, among others.