Jack Henry & Associates acquires Geezeo
Acquisition further expands digital offering with next-generation financial management capabilities.
MONETT, MO (July 1, 2019) — Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today the company announced the acquisition of Geezeo, a Boston-based provider of retail and business digital financial management solutions.
According to Ron Moses, Vice President of Jack Henry & Associates and General Manager of Consumer and Commercial Solutions, “Consumers and businesses are relying on digital technologies now more than ever, and Jack Henry is committed to ensuring our clients are future-ready with personalized, seamless and appropriately simple digital banking solutions. Geezeo takes personal financial management (PFM) to the next level, using relevant data to create meaningful interactions between financial institutions and accountholders. The result is better control for consumers and businesses over their daily and long-term finances so they can achieve greater financial confidence. We’ve been strong business partners with Geezeo for years, and we’re excited to have them join Jack Henry, bringing their outstanding technology and talent to continue enhancing our digital platform.”
Founded in 2006, Geezeo has evolved from a white label PFM provider to a critical fintech partner of financial institutions, core processors, and complementary digital banking solutions. By processing, augmenting and storing millions of transactions, Geezeo now occupies a key role with their clients as a critical data partner. Geezeo’s open and user-centric Application Programming Interface (API) allows for flexible integration within most FIs’ online and mobile banking environments. By integrating seamlessly and invisibly, financial institutions can maintain their brand’s look and feel, creating differentiated digital banking experiences that translate into higher revenue opportunities and increased customer engagement.
Shawn Ward, CEO and co-founder of Geezeo, said, “We’ve already enjoyed a long relationship with Jack Henry & Associates, so we’re thrilled by this acquisition. We look forward to what comes next as Jack Henry continues to build best-in-class digital platforms for financial institutions.”
Geezeo’s solutions will be sold to Jack Henry’s core bank and credit union clients and to the non-core clients supported by its ProfitStars® division.
Geezeo was a privately held company. Terms of the transaction were not disclosed.
About Jack Henry & Associates Inc
Jack Henry (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 45 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 8,000 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.
Geezeo is a financial technology (Fintech) firm that enhances the digital banking experience via its white label retail and business digital financial management solutions. Almost 500 financial institutions leverage Geezeo’s integrated and unified personal financial management (PFM) solution. Purposely integrated within a financial institution’s online banking and mobile platforms, Geezeo helps empower consumers and businesses to gain more financial control, better manage daily and long-term finances and reduce banking friction. To help financial institutions drive the digital shift, Geezeo leverages data within its Engagement Banking Marketing Platform resulting in relevant, data-driven content facilitating interaction between the FI and the online user.