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Jack Henry Boosts Payments Capabilities with Victor Technologies Acquisition

Jack Henry's latest acquisition brings real-time payment processing and virtual ledgering, enhancing its service to fintechs and commercial customers. The deal aligns with its technology modernization strategy and taps into the rapidly growing PaaS market.

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Jack Henry Boosts Payments Capabilities with Victor Technologies Acquisition

Jack Henry & Associates Inc.® has bolstered its payments capabilities with the acquisition of Victor Technologies, Inc. The deal, expected to be minimally dilutive to earnings in the near term, positions Jack Henry for growth in the burgeoning Payments-as-a-Service (PaaS) market.

Victor Technologies, a cloud-native, API-first embedded payments solutions provider, brings significant strengths to Jack Henry. It processes billions of dollars in payments monthly, enhancing Jack Henry's ability to serve fintechs and commercial customers. Victor's real-time payment processing and virtual ledgering functionality will be particularly valuable.

The acquisition aligns with Jack Henry's strategic vision. President and CEO Greg Adelson noted that it advances their technology modernization strategy. Plans are already underway to expand Victor's capabilities to serve Jack Henry's Symitar® credit union and Treasury Management platform clients.

Currently, Victor Technologies is integrated with Jack Henry's SilverLake core bank system and JHA PayCenterTM. This synergy should facilitate a smooth integration. The PaaS market, valued at $19.1 billion in 2025, is projected to grow at a CAGR of 23.1% to reach $43.9 billion by 2029, making this acquisition timely.

With the acquisition of Victor Technologies, Jack Henry & Associates Inc.® strengthens its position in the rapidly growing PaaS market. The deal, expected to be minimally dilutive in the near term, is set to become accretive from fiscal 2028. By integrating Victor's capabilities, Jack Henry aims to better serve its fintech and commercial customers, advancing its technology modernization strategy.

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