M&A Deal Summary

Jack Henry Acquires Payrailz

On August 9, 2022, Jack Henry acquired internet software and services company Payrailz

Acquisition Highlights
  • This is Jack Henry’s 4th transaction in the Internet Software and Services sector.
  • This is Jack Henry’s 13th transaction in the United States.
  • This is Jack Henry’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2022-08-09
Target Payrailz
Sector Internet Software and Services
Buyer(s) Jack Henry
Deal Type Add-on Acquisition

Target

Payrailz

Glastonbury, Connecticut, United States
Payrailz provides cloud-native, API-first, AI-enabled consumer and commercial digital payment solutions and experiences that enable money to be moved in the moment of need, and banks and credit unions to successfully compete with industry disruptors. Payrailz was founded in 2016 and is based in Glastonbury, Connecticut.

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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 13 of 13
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 13 of 13
State (Connecticut) 1 of 1
Country (United States) 13 of 13
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Aurora Advantage CU

Jefferson City, Missouri, United States

Aurora Advantage CU is a platform is built on a .Net architecture and represents the next generation in core processing systems for small and mid-sized credit unions. Aurora Advantage CU is based in Jefferson City, Missouri.

Sell -
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