MONETT, Mo., March 12, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today formally announced its commitment to support its growing number of client/server-based complementary products with server virtualization. Server virtualization distributes computing power by consolidating multiple independent server environments that consist of operating systems and application software on a smaller number of servers which can generate significant cost and time saving benefits for Jack Henry & Associates' clients. This announcement follows months of research and continued success with product and technology testing. Jack Henry & Associates is certifying its complementary products and is currently supporting VMware ESX solutions with plans to support Microsoft's Hyper-V solutions in the future.
According to Mark Forbis, chief technology officer of Jack Henry & Associates, "Sizing servers has traditionally erred on the side of conservative to ensure that our clients had a processing cushion which ultimately led to server sprawl and unused processing power. By breaking the 'one solution to one server' model with virtualization, the number of physical servers can be dramatically reduced and excess computing power can be redistributed dynamically to where it is needed. As the processing power of today's servers continues to increase, it is now easier than ever for one more powerful server to replace multiple smaller servers."
With virtualization technologies now maturing, Jack Henry & Associates expects its customers will realize tangible benefits from server virtualization. Reducing the number of physical servers reduces hardware costs and ongoing energy requirements, reduces floor space and cooling requirements, expedites the deployment of new business solutions, enhances disaster recovery and business continuity, and can solve a number of inherent IT-related operational issues.
Forbis continued, "We have successfully used virtualization for our internal software for some time, so based on our extremely positive experience we adopted an aggressive initiative to support the complementary products we sell predominantly to financial institutions with virtualization. We have invested in a virtualization lab, standardized our processes, and developed a best practices certification process for our products. Virtualization also provides an opportunity to re-examine and fine tune our installation and beta testing processes. We believe our holistic approach to virtualization will enable us to effectively and efficiently develop, sell, install, and support our products in this dynamic and beneficial operating environment."
Jack Prim, CEO of Jack Henry & Associates, concluded, "Many organizations have been watching and waiting for the definitive direction of virtualization, and we believe the technology is now mature enough that it cannot be ignored. Considering the current economic environment, the timing of our external virtualization initiative could not be better because it can generate immediate and ongoing operating efficiencies and cost savings for our customers."
The company's Matrix Network Services(R) group, which provides local and wide area network design, implementation, and support services, offers the technical expertise and extensive working knowledge of Jack Henry & Associates' complementary solutions to assist banks in evaluating and implementing virtualized environments.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 8,800 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar(TM) is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars(R) 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.
http://www.jackhenry.com
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