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Jack Henry announces 2nd acquisition in a week

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Jack Henry & Associates Inc. (Nasdaq: JKHY) is in acquisition mode.

The Monett-based financial industry software firm today announced its second acquisition in a week, the latest being Bolts Technologies Inc. in Bethlehem, Pennsylvania. Terms of the deal for the financial industry software developer were not disclosed in a news release.

Bolts Technologies is known for its BoltsOpen digital account software, which is merging into Jack Henry’s ProfitStars division for bank and credit union clients.

"The financial services industry is clearly focused on re-engineering the delivery of traditional financial services with digital solutions. As more and more businesses and consumers expect to conduct most of their transactions and interactions digitally, the demand for online and mobile account opening is strong and growing,” said Ron Moses, Jack Henry vice president and general manager of consumer and commercial solutions, in the release. “BoltsOpen is a truly innovative account opening solution that diverse banks and credit unions need to meet the evolving expectations of their existing and prospective accountholders."

Jack Henry, which has more than 9,000 customers, a week ago announced the purchase of Longwood, Florida-based financial industry software firm Agiletics Inc. for undisclosed terms.

JKHY shares were trading at $158.75 as of 8:41 a.m., compared with a 52-week range of $104.06 to $163.68.


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