Jack Henry & Associates Divests Insurance Agency Outsourcing Bus... (ent service experience and ongoing acces...)

Jack Henry & Associates Divests Insurance Agency Outsourcing Business Line

Date:7/1/2008

ent service experience and ongoing access to quality insurance products. We have established a strategic business alliance with Insuritas and will actively refer current and prospective customers interested in offering commercial and personal lines of insurance to them. We believe the opportunity to once again operate as a private company focused exclusively on insurance distribution provides the best near- and long-term outlook for this business."

According to Chesky, "As a part of Jack Henry & Associates, we were able to upgrade our master agency platform and build a more technology-rich infrastructure. While we enjoyed great support within Jack Henry, we believe our business can grow more rapidly operating as an independent company. We are excited about the opportunity to leverage our success and continue designing, implementing, and managing successful insurance agency aisles in the stores of financial institutions nationwide."

Jack Henry & Associates' ProfitStars division encompasses the remaining 16 acquisitions that were made to assemble more than 50 products and services that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions complement virtually any core information processing platform and facilitate revenue and growth, risk mitigation and control, and cost control.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 8,700 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Bank
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