Jack Henry & Associates history

In 1977, Jack Henry & Associates was incorporated and generated $115,222 in revenue.

In 1979, Mike Henry joined his father's company after graduating from Monett High School.

The company's main sources of revenue were software licensing and installation, maintenance and support, and hardware, with hardware sales accounting for most of 1985's new revenue.

In 1986, JHA expanded its market presence by introducing CIF 38, a core processing system designed to run on IBM's System/38.

On March 31, 1988, JHA entered into a product development and marketing agreement with Unisys, a Detroit-based supplier of mainframe computers and related equipment.

However, the deal with Unisys soured, and JHA filed suit for breach of contract against Unisys a year later, in July 1989.

In 1990 JHA paid its first dividend, $.28 per share, a practice it has continued to follow.

The stock price began to recover in 1991, trading in the $1.5 to $6.125 range.

The end of 1992 also saw a favorable out-of-court settlement with Unisys, which agreed to pay $4 million to JHA. JHA was to receive $3,464,000 in cash, with the remaining $536,000 to be paid by eliminating charges against Unisys.

JHA continued to seek ways to expand its business in 1993.

Always looking for new services to market to its established customer base, JHA formed a new division to develop, market, and support its own line of check imaging systems in October of 1994.

In 1995 JHA made several significant deals that further expanded its customer base and added new services that it could market.

A final agreement was reached with Block Financial in May 1996.

On November 20, 1985, an initial public offering made JHA a public company trading 3,125,000 common shares on the NASDAQ exchange under the symbol JKHY. In 1992, JHA began to aggressively acquire companies that expanded its product offering and its client base. It acquired Symitar in 2000, establishing its second brand which serves the credit union industry.

He was named Chief Financial Officer and Treasurer in January 2001.

In 2004, JHA acquired a number of companies and products that can be sold outside JHA's core client base to all financial services organizations regardless of charter, asset size, core processing platform.

In 2006, JHA launched its third primary brand – ProfitStars – to encompass the specialized products and services assembled through its acquisitions.

In 2012, JHA announced $1 billion in annual revenue.

JHA lost a true leader when highly esteemed co-founder Jerry Hall passed away on February 11, 2013.