Springfield, MO

Log in Subscribe

Jack Henry completes $130M acquisition

Posted online

Jack Henry & Associates Inc. (Nasdaq: JKHY) finalized a $130 million acquisition a month after announcing the deal.

The Monett financial industry software firm bought Redwood Shores, California-based Ensenta Corp., a cloud-based mobile and online payment provider, according to a news release.

Ensenta, which has an annual revenue run rate of roughly $27 million, according to those involved with the deal, joins Jack Henry’s JHA Payment Solutions unit. Officials say Ensenta’s services will complement Jack Henry’s existing Enterprise Payment Solutions group, which offers risk management tools.

“The technology gained through this acquisition will expand the suite of solutions offered by our Enterprise Payment Solutions group, enhance cross-sell opportunities both inside and outside our customer base, and introduce new growth opportunities for our clients and their commercial customers,” JHA Payment Solutions General Manager Greg Adelson said in the release.

Jack Henry officials say the company is now the largest provider of consumer remote deposit capture services with 2,300 financial institution clients.

The purchase of Ensenta follows Jack Henry’s October buyout of Longwood, Florida-based technology firm Vanguard Software Group.

Last month, Jack Henry posted fiscal first-quarter profits of $63.4 million, a 2 percent increase.

JKHY shares were trading at $116.92 as of 8:42 a.m., compared with a 52-week range of $88.11 to $119.82.


No comments on this story |
Please log in to add your comment
Editors' Pick

Open for Business: Ozarks Elder Law LLC

Ozarks Elder Law LLC closed on its acquisition of RTR Attorneys in Marshfield; Nashville-style fried chicken and catfish restaurant Hot Cluckers got its start; and the first Geico insurance office in the Queen City opened.

Most Read