Bank Software Developer DCI Acquires TeleWeb From ProfitStars

HUTCHINSON, Kan., Oct. 3, 2014 /PRNewswire/ -- Data Center Inc. (DCI), the privately owned developer of the iCore360® core banking software and related technologies, announced today their acquisition of the TeleWeb suite of Internet and mobile banking software products from the ProfitStars® division of Jack Henry & Associates in Allen, Texas. The terms of the transaction were not disclosed.

The acquisition is one of the company's most significant, and follows a similar acquisition a year earlier, continuing a major strategic growth expansion for DCI in the bank technology industry.

Specifically, the acquisition opens the door for DCI to directly offer competitive Internet and mobile banking solutions to community financial institutions in addition to the company's award-winning iCore360® core software already being used by hundreds of banks nationwide.

DCI will continue to support the acquired product lines with a focus on accelerating their enhancement to match the company's flagship iCore360^® software, and offer them as either an embedded feature option for iCore360^®, or as a competitive stand-alone solution for banks using competing core banking systems.

"We see opportunity in offering community banks more options in the online and mobile banking market, so this is a perfect fit for DCI and our customers," says John Jones, DCI President and CEO. "Bringing these products into the DCI family lets us enhance them to directly offer a high-value Internet and mobile solution that is backed by DCI and our 51-year reputation for quality and personal support in core banking."

DCI also acquired the TeleBank voice banking solution, plus nearly 360 clients and the related technical, development, support and management staff that will operate from DCI's newest location in Dallas, Texas. DCI will continue to provide the high level of customer service that existing customers are expecting to receive.

"We're happy to see these [TeleWeb] products joining the DCI family," said current user Keith Jones, president at Angelina Savings Bank in Lufkin, Texas. "DCI has an impressive record of stability and innovation, and great customer relationships. Their collaborative bank leadership, staff and user groups will ensure a bright future for these products and the clients that use them."

DCI's acquisition of these specific products and customer relationships does not affect other ProfitStars products, services or clients.

About ProfitStars
As a diverse, global division of Jack Henry & Associates, Inc.®, ProfitStars combines JHA's solid technology background with the latest breakthroughs in five performance-boosting solution groups – financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile. Explore the power of ProfitStars-enhanced performance at www.profitstars.com. 

Contact:
Kevin D. Williams
Chief Financial Officer
417.235.6652
Email

About DCI
DCI is the developer of the award-winning iCore360® core banking software and related technologies for community banks nationwide. DCI is privately owned by banks, with several clients serving as owners, board members and user group leaders. In addition to iCore360® (available hosted or in-house), DCI offers integrated solutions for Internet and mobile banking, private ATM network and card management, dashboard analysis, teller/branch automation, remote capture/proof, BSA/AML, compliance, custom reporting and more. For more information visit www.datacenterinc.com.

Contact:
Mark Harris
Vice President, Marketing
620.694.6771
Email

SOURCE DCI

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