ProfitStars(R) Reintroduces Alogent Brand
- Product Names Reinforce Company's Heritage as a Premier Provider of Deposit Automation Solutions for Large Financial Institutions -
MONETT, Mo., Feb. 11 /PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced the rebranding of its Sierra, Sierra Xpedite, and Sierra Xchange product lines as Alogent Deposit Automation Solutions. These solutions were developed by the Alogent Corporation, which was acquired by Goldleaf Financial Solutions, Inc. in 2008. Goldleaf was acquired by Jack Henry & Associates in 2009 and its products and services were added to the best-of-breed solutions now offered by its ProfitStars division. The rebranding initiative is intended to capitalize on the lasting market awareness of the Alogent brand name and reinforce the company's heritage as a premier provider of branch deposit automation and remote deposit solutions for large financial institutions.
According to Bob Meara, a senior analyst with Celent, "Alogent Corporation was an early pioneer and a leader in the branch image capture and remote deposit space. Reintroducing the Alogent brand makes a lot of sense for ProfitStars as it strives to build on this foundation and emphasize its commitment to the Alogent solutions."
The newly rebranded Alogent Deposit Automation Solutions consist of Alogent Front Counter and Alogent Back Counter for teller, branch and regional image capture, and Alogent Commercial Remote Deposit, Alogent Retail Remote Deposit, and Alogent Payment Web Services which provide a complete remote deposit offering for the full spectrum of financial institution clients. In addition, the Alogent Payments Gateway supports the collection of transactions from point of presentment applications, transaction processing and routing to internal bank systems, image archives, and other endpoints.
According to David Foss, president of ProfitStars, "We are excited to carry on the Alogent name for these market-leading deposit automation solutions and believe this change will help us promote our strategy as a best-of-breed provider of solutions for financial institutions of all asset sizes and charters. We consider the Alogent solutions to be a strategic area of focus for our company especially since they are uniquely suited to meet the needs of large financial institutions and international markets. We look forward to delivering continued success with these products for our clients, partners, and shareholders."
The new branding will appear in the company's advertising, Web sites, sales support materials, and upcoming product releases. It will also be emphasized through upcoming financial services events, webinars, and other customer and prospect communications.
About ProfitStars
ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at www.profitstars.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,800 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking™ supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar™ is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available 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.
SOURCE Jack Henry & Associates, Inc.
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