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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 5, 2005
JACK HENRY & ASSOCIATES, INC.
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(Exact name of Registrant as specified in its Charter)
Delaware 0-14112 43-1128385
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
663 Highway 60, P.O. Box 807, Monett, MO 65708
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(Address of principal executive offices)(zip code)
Registrant's telephone number, including area code: (417) 235-6652
Item 8.01 Other Events.
On January 5, 2005, Jack Henry & Associates, Inc. ("Jack Henry") issued
a press release (a copy of which is attached to this report) announcing the
acquisition of RPM Intelligence LLC, doing business as Stratika.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated January 5, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
JACK HENRY & ASSOCIATES, INC.
(Registrant)
Date: January 7, 2005 By: /s/ Kevin D. Williams
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Kevin D. Williams
Chief Financial Officer
Exhibit 99.1
Company: Jack Henry & Associates, Inc. Analyst Contact: Kevin D. Williams
663 Highway 60, P.O. Box 807 Chief Financial Officer
Monett, MO 65708 (417) 235-6652
IR Contact: Jon Seegert
Director Investor Relations
(417) 235-6652
FOR IMMEDIATE RELEASE
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JACK HENRY ANNOUNCES THE ACQUISITION OF STRATIKA
Monett, MO - January 5, 2005 - Jack Henry & Associates, Inc. (Nasdaq: JKHY),
a leading provider of integrated computer systems and ATM/debit card/ACH
transaction processing to banks and credit unions, today announced
its acquisition of RPM Intelligence, LLC doing business as Stratika
("Stratika"). The Minnesota-based company provides a state-of-the-art
customer and product profitability solution that enables financial
institutions to improve their performance through the automated generation
and management of enterprise-wide profitability information. Terms of the
transaction were not disclosed.
RPM, Stratika's flagship product, helps diverse financial institutions
increase revenues, contain costs, and improve profits by calculating
profitability for the institution from the individual product and customer
profitability levels up to the overall organizational level. The
customizable solution accommodates each organization's existing methodology
for determining funds transfer pricing, credit costing based on customer
credit-score, risk-based capital allocation, and product and service costs.
According to Lynn Evans, chairman of Stratika, "Convergence in the financial
services industry and the extremely competitive business environment are
increasing margin and profitability pressures. As these pressures increase,
financial services organizations must focus their resources on their
most valuable customers and lucrative products, which requires accurate,
timely profitability information. Our sophisticated profitability solution
generates and manages this mission-critical information in a totally
integrated, totally automated operating environment."
"While many financial institutions have implemented some sort of
profitability system, very few have a solution that provides immediate
access to the information that can positively impact their bottom line and
enhance their competitive position," reported Tony L. Wormington, president
of Jack Henry. "Some of our largest and most progressive bank clients have
contracted or implemented RPM and fully endorse the system's capabilities.
We are convinced that RPM is competitively distinct, can materially benefit
our bank and credit union clients, and is affordable for even our smallest
clients."
Jack F. Prim, CEO of Jack Henry, said, "The acquisition of Stratika supports
our strategy to acquire successful companies that expand our product
offering with best-of-breed business solutions. We believe that RPM will
enable our clients to systematically improve their performance and support
their business strategies with enterprise-wide profitability information.
RPM supports the industry-wide trend to better manage profitability, and
provides us with sales opportunities inside and outside our existing base of
bank and credit union clients."
"We expect the opportunity to deliver the RPM products together with
existing Jack Henry financial and technology resources will maximize the
market potential of this solution. This acquisition is expected to have a
slightly accretive impact on EPS during the balance of fiscal '04 with
significant potential growth in future years," concluded Kevin D. Williams,
CFO of Jack Henry.
RPM will be integrated with Jack Henry' SilverLake[R], CIF 20/20[R], and
Core Director[R] core banking solutions; and the Episys[R] and Cruise[R]
credit union core processing solutions provided by Jack Henry's Symitar
subsidiary.
About Stratika
Stratika was originally founded by a team of business and software
development experts intent on creating advanced business intelligence tools
to allow their clients to become more efficient in managing corporate
systems. Today, Stratika offers business intelligence solutions, Oracle[R]
and Microsoft[R] database application development, and data warehousing for
the financial services industry. For more information, please call 952-738-
9189 extension 207 or visit www.stratika.com.
About Jack Henry & Associates
Jack Henry & Associates, Inc. is a leading provider of integrated computer
systems and processor of ATM/debit card/ACH transactions for banks and
credit unions. Jack Henry markets and supports its systems throughout the
United States, and has approximately 5,900 customers nationwide. For
additional information on Jack Henry, visit the company's Web site 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.