MONETT, Mo., Dec. 1, 2015 /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 ProfitStars® division announced today that more than 20 institutions have implemented Gladiator® Hosted Network Solutions™. The service enables financial institutions to move their IT infrastructures to Jack Henry & Associates' secure cloud computing environment, outsourcing infrastructure management and maintenance.
Partnership Bank is a $235 million bank headquartered in Cedarburg, Wisc. Founded in 2006, the bank has experienced unprecedented growth in both retail and commercial business throughout Southeastern Wisconsin. David Braaten, CEO and COO of Partnership Bank said, "Our mission is to make banking easy. By partnering with Jack Henry & Associates for Hosted Network Solutions, we are able to make great strides toward providing 'big bank' services and efficiencies on a community bank level."
The bank's move to an outsourced solution came on the heels of a previous vendor relationship that was becoming increasingly unreliable and intermittent in responsiveness. Partnership Bank knew it would need a partner that could protect the confidentiality and integrity of data on their systems, especially in light of current information security challenges and regulatory considerations.
Moving to Hosted Network Solutions has given Partnership Bank increased network dependability, availability of applications, and responsiveness to help desk inquiries, while reducing general IT responsibilities. The time the bank previously spent monitoring applications availability and following up with IT vendors to check on the timing of problem resolution has been eliminated – which has revealed significant cost savings and previously untapped efficiencies.
Braaten continued, "Our partnership with Jack Henry better positions our bank to provide for the unanticipated needs of the future. Hosted Network Solutions is helping us offer the stability, dependability, and network security we require to provide superior service to bank clients."
Russ Bernthal, president of ProfitStars, commented, "IT security and compliance responsibilities continue to grow, placing a burden on financial institutions. Moving to a hosted IT infrastructure enables our clients to stay updated with all the latest advancements, while freeing their IT employees to work on their 'wish list' and other progressive initiatives. For Partnership Bank, outsourcing its infrastructure management provides the stability and flexibility that it needs for continued growth, including better business resiliency, more predictable costs, improved customer service, and the ability to expand its infrastructure as business needs change."
As a diverse, global division of Jack Henry & Associates, Inc.® (JHA), ProfitStars® combines JHA's solid technology background with the latest breakthroughs in six performance-boosting solution groups – Financial Performance, Imaging, Payment Solutions, Information Security & Risk Management, Retail Delivery, and Online & Mobile. Explore the power of ProfitStars-enhanced performance at www.profitstars.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its solutions serve almost 11,300 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community banks to multi-billion dollar institutions with information processing solutions. Symitar® is a leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. 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.
SOURCE Jack Henry & Associates, Inc.