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SOURCE Jack Henry & Associates, Inc.
- $755 million credit union seeks long-term technology partner, deep core functionality, and operating flexibility -
MONETT, Mo., Feb. 13, 2014 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Symitar® division announced today that $755 million Aloha Pacific Federal Credit Union has selected Episys® as its in-house core processing solution.
According to Vince J. Otsuka, president and CEO of Aloha Pacific Federal Credit Union, "Since our current core system was going to be sunset we began an extensive evaluation of technology providers and platforms with the goals of establishing a long-term technology partnership and installing a new core system that provides the deep functionality we need to power our growth-focused credit union. Through our thorough due diligence process we identified Symitar as the technology partner we were looking for. Symitar's service-driven company culture is closely aligned with ours and we share the same commitment to delivering high quality products and services. We value Symitar's reputation and stability, and it was obvious they want to be a true business partner with our credit union. Episys was the most functionally robust core system we found that can accommodate our unique and evolving processing requirements with unlimited opportunities for customization. Its integration with third-party solutions also provides tremendous flexibility and the success and seamlessness of Episys conversions helped influenced our decision."
According to Ted Bilke, president of Symitar, "Automating almost 650 credit unions with Episys positions us with the industry experience, the system functionality, and the partnership approach Aloha Pacific Federal Credit Union was looking for. Episys provides highly customizable, deep core functionality that our clients can augment with Symitar's more than 60 integrated complementary solutions or niche third-party solutions they need for specific components of their technology platforms. We back our technology solutions with a company-wide commitment to provide service levels that exceed our clients' expectations, client-driven enhancements, the regular introduction of new complementary solutions, and the integration of practical new technologies. We welcome the opportunity to provide Aloha Pacific Federal Credit Union with the technology it needs to respond to evolving business strategies, new growth opportunities, industry trends, and dynamic member and market needs."
Symitar, a division of Jack Henry & Associates, Inc. (NASDAQ:JKHY), is the leading provider of integrated computer systems for credit unions of all sizes. Symitar currently serves more than 750 credit unions as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.symitar.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,300 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community to mid-tier institutions with information processing solutions. Symitar® is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides best-of-breed solutions that enhance the performance of domestic and international financial institutions of all asset sizes and charters using any core processing system, as well as diverse corporate entities. Additional information is available at www.jackhenry.com.
Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.
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