Jack Henry & Associates Expands in Allen

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has purchased 1025 Central Expressway South, on the northeast corner of Ridgemont Drive and US 75, in Enterprise Business Park, to further their presence in Allen. The company, which provides technology solutions to the financial industry, is located at 1021 Central Expressway (adjacent to the north of the newly acquired building). In 1998 Jack Henry, headquartered in Monett, Missouri, acquired the Peerless Group in Allen and has continued to expand operations here and across the country. The company was recognized by the AEDC in 2002 as the winner of the Millennium Business Award in the National/Corporate Category.

“Through organic growth as well as acquisitions, we are a rapidly growing company, with almost 300 employees in Allen,” said David Foss, General Manager of Acquired Companies for Jack Henry. The company recently acquired Select Payment of Irving, TX and will be moving those employees to the Allen campus in October. Select Payment turns checks into ACH transactions, which make funds immediately available to the vendor and replaces manual, paper-based processes.

Jack Henry employees will occupy the second floor of the building at 1025 Central while Micron Technology will continue to occupy the ground floor. Dave Noble and Randy Shipman, Trammell Crow Company, represented Jack Henry and the owner of 1025 Central Expressway in the transaction.