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Technology Stocks : Jack Henry & Associates (JKHY)
JKHY 150.63+1.2%Nov 3 3:59 PM EST

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From: JakeStraw6/14/2010 3:39:18 PM
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Jack Henry & Associates and iPay Technologies Complete Acquisition Transaction
finance.yahoo.com

Acquisition of the Largest Independent U.S. Electronic Bill Pay Provider Continues Jack Henry & Associates' Strategic Expansion

Kevin Williams, CFO of Jack Henry & Associates, said, "This acquisition, which represents our largest to-date, expands our presence and potential in the growing payments industry with a highly competitive online bill pay solution that complements our existing offering and increases our transaction-based and recurring revenues. We expect that our combined capabilities and resources will allow us to further enhance and expand the best-of-breed products and services that iPay's customers and partners receive today while further strengthening our electronic payments offering."
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