M&A Deal Summary

Jack Henry Acquires Banno

On March 4, 2014, Jack Henry acquired information technology company Banno

Acquisition Highlights
  • This is Jack Henry’s 2nd transaction in the Information Technology sector.
  • This is Jack Henry’s 6th transaction in the United States.
  • This is Jack Henry’s 1st transaction in Iowa.

M&A Deal Summary
Date 2014-03-04
Target Banno
Sector Information Technology
Buyer(s) Jack Henry
Deal Type Add-on Acquisition

Target

Banno

Cedar Falls, Iowa, United States
Banno provides a digital engagement platform that enables banks and credit unions to be more involved in their customers' financial decisions. By aligning delivery channels, the company currently helps more than 375 financial institutions increase loan demand, raise product adoption, and make informed decisions through improved metrics.

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Buyer(S) 1

Buyer

Jack Henry

Monett, Missouri, United States
Category Company
Founded 1976
Sector Information Technology
Employees7,120
Revenue 2.1B USD (2023)
DESCRIPTION

Jack Henry is a provider of integrated technology solutions and data processing services to financial institutions including commercial banks and credit unions. Jack Henry was founded in 1976 and is based in Monett, Missouri.

DEAL STATS #
Overall 6 of 13
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 6 of 13
State (Iowa) 1 of 1
Country (United States) 6 of 13
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-28 Pemco Technology Services

Seattle, Washington, United States

Pemco Technology Services is a provider of payment processing solutions and outstanding client care and service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Bayside Business Solutions

Birmingham, Alabama, United States

Bayside Business Solutions, Inc. is a provider of complete portfolio management systems for commercial lenders and industry leader in providing factoring software.

Buy -
Mergr

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