Jack Henry closes on $19M Goldleaf acquisition

Monett-based financial software provider Jack Henry & Associates Inc. closed Thursday on its purchase of Georgia-based Goldleaf Financial Solutions Inc.

The transaction previously received unanimous approval from the Goldleaf Board of Directors and majority approval of the company's shareholders.

Under terms of the agreement, which was reached in August, each outstanding share of Goldleaf common stock (Nasdaq: GFSI) converted to 98 cents. According to previous Springfield Business Journal coverage, the deal is worth about $19.1 million, based on 19.5 million outstanding shares.

Goldleaf is now a wholly owned subsidiary of Jack Henry, and the company will be assimilated into Jack Henry's ProfitStars brand.

"This acquisition positions ProfitStars with a broader array of products and services, gives our clients and prospects more technology options, and immediately increases our market presence and potential," ProfitStars President David Foss said in a news release.

Shares of Jack Henry (Nasdaq: JKHY) closed Sept. 30 at $23.47 and were trading at $22.99 as of 10:30 a.m.

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