Jack Henry Acquires Victor Technologies to Boost Cloud Services

Jack Henry Acquires Victor Technologies to Boost Cloud Services

Jack Henry & Associates, Inc. has acquired Victor Technologies. This acquisition aims to expand Jack Henry’s cloud service capabilities for financial institutions.

The deal was finalized on June 12, 2024. Victor Technologies will now be part of Jack Henry’s suite of solutions.

What This Means for Banks

The acquisition allows Jack Henry to offer more comprehensive Platform-as-a-Service (PaaS) solutions. PaaS helps banks develop and deploy new technologies faster.

This means banks can innovate more easily. They can create better digital experiences for their customers.

Benefits of the Acquisition

Victor Technologies’ expertise will enhance Jack Henry’s existing services. It will provide better tools for banks to modernize their systems.

In addition, banks will have more control over their technology. They can customize solutions to meet their specific needs.

Jack Henry’s Strategy

Jack Henry is focused on providing open and adaptable technology solutions. This acquisition supports that strategy.

By integrating Victor Technologies, Jack Henry aims to empower banks. They want to help them compete in a changing financial landscape.

Leadership Comments

Greg Adelson, President and COO of Jack Henry, said the acquisition is a significant step. It reinforces their commitment to providing innovative solutions.

He added that it will help banks leverage modern technology. This will ultimately improve the banking experience for customers.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. is a leading provider of technology solutions and payment processing services. They serve community and regional banks.

About Victor Technologies

Victor Technologies provides cloud-native solutions for the financial industry. Their platform helps banks innovate and deliver digital experiences.

In conclusion, the acquisition of Victor Technologies is a strategic move by Jack Henry. It will strengthen their cloud service offerings and help banks thrive in the digital age.

Source: prnewswire.com