Jack Henry & Associates ushered in the new year with a deal to acquire National Bancorp Data Services, LLC., an item capture and check imaging processor for 14 banks. The deal calls for NBDS to retain its current Streamwood, Ill., offices with 18 employees. Terms of the deal were not disclosed. BDS serves banks in greater Chicago, southern Wisconsin and northern Indiana and had about $1.5 million in revenues for 2002.
Sales of the tried-and-true hardware keep rising despite a global shift to the cloud, and a recent survey found that large companies continue to prefer the performance and security they get from big iron.