MONETT, Mo. - Jack Henry & Associates, which sells core data processing software and outsourcing services to financial institutions, has bought Sys-Tech Inc., which designs and builds computer facilities, in a stock deal valued at $16 million.

The privately held Sys-Tech had revenue of $10 million in 1999. Its 16 employees will continue operating at its Shawnee, Kan., location as a division of Jack Henry.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.