UniBank Selects Jack Henry Banking to Provide Enterprise-Wide Automation

MONETT, Mo., Jan. 10, 2012 /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 Jack Henry Banking™ division announced today that UniBank has selected its SilverLake core processing system to provide enterprise-wide automation. This Massachusetts-based bank, which has more than $1.2 billion in assets, will implement SilverLake through Jack Henry Banking's outsourced offering.      

According to Ryan Buckley, chief information officer of UniBank, "We had reached the point where our long-time information and transaction processing system was limiting our ability to easily and effectively execute our strategic business plan. We identified specific opportunities to improve our commercial lending, retail delivery, and branch operations with state-of-the-art technology. We also identified the material benefits that a highly integrated enterprise-wide technology platform would deliver. We retained an international consulting firm, clearly defined our goals for a new technology platform and partner, and launched an extremely detailed evaluation which included an extensive RFP and a significant number of vendor meetings and product presentations. Our thorough evaluation identified SilverLake and the complementary solutions provided by Jack Henry Banking as the ideal platform for our bank's long-term technology needs. Our visits with multiple banks already automated by SilverLake and our attendance at the 2011 Jack Henry Banking Education Conference further validated our findings. We expect our conversion to SilverLake will be an important milestone for our bank."

Stan Viner, general manager of sales for Jack Henry Banking, said, "It is extremely rewarding when banks conduct extensive competitive evaluations and ultimately entrust their business to our technology. The addition of UniBank to our growing roster of mid-tier clients is especially rewarding for several reasons. It was one of the most thorough evaluations we have participated in considering the time and resources they invested in the process. Also, several of the key decision makers had joined UniBank from some of the nation's largest banks and clearly had high expectations for the levels of automation and integration they expected the new technology platform to deliver. We are excited to convert UniBank and to support its progressive business strategy with SilverLake's deep functionality and customization capabilities."

In addition to SilverLake, UniBank will initially implement an array of Jack Henry Banking's complementary solutions including ArgoKeys® Branch Sales Automation™; the Synapsys® sales, marketing, and customer service solution; the Opening Act™ online deposit and loan account opening solution; components of the jhaPassPort™ ATM and debit card transaction processing platform; Yellow Hammer Fraud Detective™; and Yellow Hammer BSA™.

UniBank is an existing user of Jack Henry & Associates' Synergy Enterprise Content Management™ (ECM) solution and iPay Consumer Online Bill Pay™.

About UniBank

UniBank is committed to being the premier bank serving the financial needs of the Greater Blackstone Valley and Central Massachusetts area by providing individuals, businesses, and municipalities with high quality financial products and services. UniBank is dedicated to contributing to the overall quality of life and economic health of the communities it serves, while maintaining a high level of financial soundness and integrity. Additional information is available at www.unibank.com.

About Jack Henry Banking

Jack Henry Banking, a division of Jack Henry & Associates, Inc., is a leading provider of integrated computer systems for banks ranging from de novo to mid-tier institutions.  Jack Henry Banking currently serves approximately 1,500 banks as a single source for integrated, enterprise-wide automation and as a single point of contact and support.  Additional information is available at www.jackhenrybanking.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 financial services organizations. Its technology solutions serve more than 11,200 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking supports banks ranging from de novo 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 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. iPay Technologies™ operates as a leading electronic bill pay provider supporting banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. 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.