Jack Henry Purchases Security Vendor

The Monett, Mo., core processing software provider Jack Henry & Associates Inc. has purchased an Atlanta security technology vendor, Gladiator Technology Services Inc.

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Jack Henry made the purchase July 1 and announced it Tuesday but did not say how much it paid.

Gladiator provides encryption, event logging, risk assessments, protection against network intrusions, and other security services to 500 banks and credit unions in the United States, including many current Jack Henry clients.

"This acquisition ideally supports our strategy to acquire companies that expand our suite of complementary solutions sold to our core clients while extending our market reach," Jack Prim, the chief executive of Jack Henry, said in a press release.

His firm will market Gladiator's services to its existing clients, as well as to nonclients through its ProfitStars division.


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