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Article: 3Q RESULTS: Jack Henry Sees 2 Buyouts Lifting Core Businesses.(Technology)(Financial report)
- Article from:
- American Banker
- Article date:
- November 5, 2009
- Author:
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Byline: Daniel Wolfe
Jack Henry & Associates Inc. said its latest acquisitions will deliver new opportunities while existing financial clients remain cautious about their technology spending.
The Monette, Mo., company announced last week that it had purchased Pemco Technologies, the payment processing unit of Pemco Corp. of Seattle; that transaction followed its October acquisition of the payments software vendor Goldleaf Financial Solutions Inc.
Jack Henry said that with the acquisitions it will be able to cross-sell its own products to new types of customers andpitch new products to its current customers.
Overall, the company said, ...