Jack Henry adds to corporate holdings

TWS, based in Clearwater, Fla., produces image-based item processing solutions for credit unions and ATM deposit processing solutions for credit unions and banks.

“Acquiring TWS Systems clearly supports our objectives to continually add larger financial institutions to our client roster, to further differentiate and broaden our integrated solutions, and to add value for our clients,” said Tony L. Wormington, Jack Henry president, in a company news release.

TWS’ Imagecenter, a turnkey image-based processing platform designed for credit unions, is used by more than half of the 100 largest credit unions in the United States. Imagecenter software provides support for all forms of checks; counter, ATM and mailed deposits; and all forms of remittance payments.

“This acquisition provides the opportunity to integrate the core competencies of two industry leaders,” added Jack Henry CEO Jack F. Prim, in the release.

Its other acquisition, SERsynergy, is a division of Virginia-based SER Solutions Inc. SERsynergy is an intelligent document management solution for financial institutions. It captures, archives and can immediately retrieve all forms of document content, including check images, signature cards, loan files, deposit agreements, e-mails, correspondence and photo identification.

“We believe SERsynergy is a competitively distinct solution that will further differentiate our product and service offerings and support our clients’ growth, service, operational and profit goals,” Prim said.

The announcements come on the heels of the company’s purchase of North Carolina-based banking software company Optinfo Inc. in November.

Jack Henry & Associates Inc. (NASDAQ: JKHY) is a provider of integrated computer systems and a processor of ATM and debit card transactions for banks and credit unions. The company has approximately 5,900 customers nationwide.

The company’s stock closed Dec. 27 at $19.50 per share. The 52-week range is $17.17 and $21.

[[In-content Ad]]