MONETT, Mo., Feb 13, 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 announced the promotion of David Foss to president of its ProfitStars division. ProfitStars provides best-of-breed software solutions that improve the performance of financial institutions of all asset sizes and charters and diverse corporate entities.
Foss, who has been with the company since 1999, moves from his position as ProfitStars general manager to the newly created role of division president effective immediately. He has served as the division's general manager since its inception in early 2006, providing executive oversight of all products and services delivered under the ProfitStars brand. He also has been instrumental in integrating the 17 acquired solutions providers that established the ProfitStars brand which now serves approximately 7,000 domestic and international clients.
According to Jack Prim, CEO of Jack Henry & Associates, "We are confident that Dave is the right person to assume the new role of ProfitStars president. He has a proven understanding of the industries we serve, an outstanding record championing the development of feature-rich complementary solutions that support our diverse clients' evolving business needs, and a real-world understanding of the technology and operational requirements organizations need to succeed today. He also possesses an uncompromising commitment to client service and satisfaction."
Foss said, "It is an honor to be named president of the ProfitStars division. Of course, it is really more about the accomplishments of the division than it is about the accomplishments of any one individual and further validates the efforts of our talented team. Not only have we made some strong product acquisitions during the past three years, we have developed some top-quality products and services. I look forward to continuing to grow the organization, expanding our product offerings, strengthening our client relationship and attracting new clients, and making an ongoing positive contribution to Jack Henry & Associates, both financially and with new solutions to sell."
"In addition to congratulating Dave on his new role, I want to sincerely thank ProfitStars clients for their dramatic impact on our progress. Having worked closely with Dave since launching this latest chapter in our company's history, I believe ProfitStars is poised to build further upon its strong and growing brand identity. I know Dave's team will continue to serve as an innovative, industry-leading technology partner with each of its clients," concluded Prim.
Prior to his role of general manager of ProfitStars, Foss served a dual role at Jack Henry & Associates as president of the Open Systems group and general manager of the Complementary Solutions group.
Headquartered in the Dallas suburb of Allen, Texas, ProfitStars was launched in 2006 to consolidate the specialized products and services assembled through Jack Henry & Associates' focused diversification acquisition strategy which focuses on acquiring companies and specialized products that expand the company's reach well beyond its traditional markets. Today, ProfitStars encompasses more than 60 products and services that enable diverse businesses to generate new revenue and growth opportunities, mitigate and control operational risks, and contain operational costs. These products and services can enhance virtually any operating environment and processing platform, and can be implemented individually or in combination as solution suites.
About ProfitStars
ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control and complement virtually any core information processing platform. Additional information is available at http://www.profitstars.com.
About Jack Henry & Associates
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 and transaction processing solutions. Symitar(TM) is the leading provider of information and transaction 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.
http://www.jackhenry.com
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