Jack Henry Acquires Victor Technologies to Expand PaaS Capabilities
Jack Henry (Nasdaq: JKHY) has announced the acquisition of Victor Technologies from MVB Financial Corp, strengthening its position in the Payments-as-a-Service (PaaS) market. Victor Technologies, a cloud-native payments solution provider, processes billions in monthly payments and is already integrated with Jack Henry's SilverLake core system.
The PaaS market is projected to grow from $19.1 billion in 2025 to $43.9 billion in 2029, with a CAGR of 23.1%. Victor's platform offers real-time payment processing, virtual ledgering, and supports various payment types including disbursements, receivables, cross-border transactions, and e-commerce.
The acquisition is expected to be minimally dilutive to GAAP EPS through fiscal 2027 and become accretive in fiscal 2028.
Jack Henry (Nasdaq: JKHY) ha annunciato l'acquisizione di Victor Technologies da MVB Financial Corp, rafforzando la sua posizione nel mercato Payments-as-a-Service (PaaS). Victor Technologies, fornitore di soluzioni di pagamento native cloud, elabora miliardi di pagamenti mensili ed è già integrato con il sistema core SilverLake di Jack Henry.
Il mercato PaaS è previsto crescere da 19,1 miliardi di dollari nel 2025 a 43,9 miliardi nel 2029, con un CAGR del 23,1%. La piattaforma di Victor offre elaborazione dei pagamenti in tempo reale, contabilità virtuale e supporta vari tipi di pagamento tra cui pagamenti in uscita, crediti, transazioni transfrontaliere e commercio elettronico.
L'acquisizione dovrebbe risultare poco diluttiva per l'EPS GAAP fino all'esercizio fiscale 2027 e diventare accretiva nell'esercizio fiscale 2028.
Jack Henry (Nasdaq: JKHY) ha anunciado la adquisición de Victor Technologies de MVB Financial Corp, fortaleciendo su posición en el mercado de pagos como servicio (PaaS). Victor Technologies, proveedor de soluciones de pagos nativas en la nube, procesa miles de millones de pagos mensuales y ya está integrada con el sistema central SilverLake de Jack Henry.
Se proyecta que el mercado PaaS crezca desde $19,1 mil millones en 2025 a $43,9 mil millones en 2029, con una tasa de crecimiento anual compuesto (CAGR) del 23,1%. La plataforma de Victor ofrece procesamiento de pagos en tiempo real, contabilidad virtual y admite varios tipos de pagos, incluyendo desembolsos, créditos, transacciones transfronterizas y comercio electrónico.
Se espera que la adquisición tenga una dilución mínima del EPS GAAP hasta el año fiscal 2027 y se vuelva accretiva en el año fiscal 2028.
Jack Henry (Nasdaq: JKHY)가 Victor Technologies를 MVB Financial Corp로부터 인수했다고 발표했습니다. 이는 Payments-as-a-Service(PaaS) 시장에서의 입지를 강화합니다. Victor Technologies는 클라우드 네이티브 결제 솔루션 공급자로 매월 수십억 달러의 결제를 처리하며 이미 Jack Henry의 SilverLake 코어 시스템과 통합되어 있습니다.
PaaS 시장은 2025년 19.1십억 달러에서 2029년 43.9십억 달러로 성장할 것으로 전망되며, CAGR은 23.1%입니다. Victor의 플랫폼은 실시간 결제 처리, 가상 원장 관리, 지급, 매출채권, 국경 간 거래, 전자상거래 등 다양한 결제 유형을 지원합니다.
이번 인수는 회계연도 2027까지 GAAP EPS에 대한 희석 효과가 최소화될 것이며, 2028년 회계연도에 수익성을 가져올(accretive) 것으로 예상됩니다.
Jack Henry (Nasdaq: JKHY) a annoncé l'acquisition de Victor Technologies auprès de MVB Financial Corp, renforçant sa position sur le marché des Payments-as-a-Service (PaaS). Victor Technologies, fournisseur de solutions de paiement natives dans le cloud, traite des milliards de paiements mensuels et est déjà intégré au système central SilverLake de Jack Henry.
Le marché PaaS devrait passer de 19,1 milliards de dollars en 2025 à 43,9 milliards de dollars en 2029, avec un taux de croissance annuel composé (CAGR) de 23,1 %. La plateforme de Victor offre un traitement des paiements en temps réel, une comptabilisation virtuelle et prend en charge divers types de paiements, notamment les décaissements, les créances, les transactions transfrontalières et le commerce électronique.
L'acquisition devrait être peu dilutive pour le BPA GAAP jusqu'à l'exercice fiscal 2027 et devenir accréditive à partir de l'exercice fiscal 2028.
Jack Henry (Nasdaq: JKHY) hat die Übernahme von Victor Technologies von MVB Financial Corp angekündigt und stärkt damit seine Position im Payments-as-a-Service (PaaS)-Marktsegment. Victor Technologies ist ein cloud-natives Zahlungs solu- tionsanbieter und verarbeitet Milliarden von Zahlungen pro Monat; es ist bereits in das SilverLake-Kernsystem von Jack Henry integriert.
Der PaaS-Markt wird voraussichtlich von 19,1 Milliarden USD im Jahr 2025 auf 43,9 Milliarden USD im Jahr 2029 wachsen, bei einer CAGR von 23,1 %. Die Plattform von Victor bietet Echtzeit-Zahlungsverarbeitung, virtuelles Hauptbuch und unterstützt verschiedene Zahlungstypen einschließlich Auszahlungen, Forderungen, grenzüberschreitende Transaktionen und E-Commerce.
Die Übernahme wird voraussichtlich bis zum Geschäftsjahr 2027 eine minimale Dilution des GAAP EPS darstellen und ab dem Geschäftsjahr 2028 accretive wirken.
جاك هينري (ناسداك: JKHY) أعلن عن الاستحواذ على Victor Technologies من شركة MVB Financial Corp، مما يعزز موقعه في سوق المعالجة كخدمة للدفع(PaaS). Victor Technologies هي مزود لحلول الدفع السحابية الأصل وتتعامل مع مليارات من المدفوعات الشهرية وهي مدمجة بالفعل في نظام SilverLake الأساسي الخاص بـ Jack Henry.
من المتوقع أن ينمو سوق PaaS من 19.1 مليار دولار في 2025 إلى 43.9 مليار دولار في 2029 بمعدل نمو سنوي مركب (CAGR) قدره 23.1%. تقدم منصة Victor معالجة الدفع بشكل فوري، وتسجيلاً افتراضياً للدفاتر، وتدعم أنواعاً متعددة من المدفوعات بما في ذلك الانفراجات/الخصوم، والذمم، والمعاملات عبر الحدود، والتجارة الإلكترونية.
من المتوقع أن تكون عملية الاستحواذ مخفضة للربحية للسهم GAAP حتى العام المالي 2027 وتصبح مُضافة للدخل (accretive) في العام المالي 2028.
Jack Henry（纳斯达克股票代码：JKHY）宣布从 MVB Financial Corp 收购 Victor Technologies，以加强其在 Payments-as-a-Service（PaaS） 市场的地位。Victor Technologies 是一家云原生支付解决方案提供商，每月处理数十亿美元的支付业务，现已与 Jack Henry 的 SilverLake 核心系统实现集成。
PaaS 市场预计将从 2025 年的 191 亿美元增至 2029 年的 439 亿美元，年复合增长率（CAGR）为 23.1%。Victor 的平台提供实时支付处理、虚拟总账，并支持多种支付类型，包括支出/拨付、应收、跨境交易和电子商务。
此次收购预计在至 2027 财年之前对 GAAP 每股收益（EPS）的稀释性较小，并且在 2028 财年将实现增厚效应（accretive）。
- Expansion into rapidly growing PaaS market projected to reach $43.9B by 2029
- Victor Technologies already processes billions in monthly payments volume
- Existing integration with Jack Henry's core systems enables immediate deployment
- Diversification of revenue streams through enhanced payment capabilities
- Strategic positioning for emerging services like stablecoin and RTP/FedNow
- Expected to be dilutive to GAAP EPS through fiscal 2027
- Integration costs and risks with expanding to other platforms
- Undisclosed acquisition price creating uncertainty about deal valuation
Insights
Jack Henry's Victor acquisition strengthens PaaS capabilities, targeting $43.9B market with 23.1% CAGR through 2029.
Jack Henry's acquisition of Victor Technologies marks a strategic expansion into the high-growth Payments-as-a-Service (PaaS) market, which is projected to grow from
The Victor platform processes billions in monthly payment volume and importantly, is already integrated with Jack Henry's SilverLake core system and JHA PayCenter. This existing integration enables faster time-to-value compared to typical acquisitions that require lengthy technical integration. The acquisition provides immediate enhancement to Jack Henry's capabilities in serving fintechs and commercial customers, which should drive deposit growth and revenue diversification.
Victor's direct-to-core integration enables near real-time reconciliation and reduced overdraft risk - critical features for financial institutions managing embedded finance relationships with non-bank entities. The platform's support for multiple payment types (disbursements, receivables, cross-border, escrow) positions Jack Henry to capture revenue across different vertical markets and transaction types.
While Jack Henry expects the acquisition to be minimally dilutive to EPS through fiscal 2027 before becoming accretive in fiscal 2028, the long-term strategic value outweighs short-term earnings impact. The acquisition strengthens Jack Henry's position in emerging payment innovations including stablecoin and real-time payments, preparing the company for next-generation financial services.
Innovative, cloud-native solution enables financial institutions to offer enhanced embedded
payments to fintechs and commercial customers
The acquisition expands Jack Henry's capabilities in the rapidly growing Payments-as-a-Service (PaaS) market, in which financial institutions embed payment services into third-party, non-bank brands. The addition of Victor, which processes billions of dollars in payments monthly, provides Jack Henry's financial institution clients with enhanced capabilities to serve fintechs and commercial customers, grow deposits, and diversify revenue.
"This acquisition advances our technology modernization strategy to help banks and credit unions compete and win through innovative, cloud-native solutions," said Jack Henry President and CEO Greg Adelson. "Offering a proven, high-volume embedded payments platform that is highly scalable creates diverse revenue streams, enhances our capabilities, and provides more immediate opportunities to deliver emerging services like stablecoin."
The PaaS market is expected to grow from
Founded in 2021 by Jack Henry core client MVB Bank, Inc., Victor is already integrated with Jack Henry's SilverLake core bank system and JHA PayCenter™. Jack Henry plans to expand Victor's capabilities to serve its Symitar® credit union and Treasury Management platform clients, and integrate directly with the new, cloud-native Jack Henry Platform™.
Victor offers real-time payment processing and virtual ledgering functionality to help financial institutions serve fintechs and commercial customers across multiple payment types and vertical markets. Current capabilities include disbursements, receivables, cross-border, escrow, title, and e-commerce, with support for virtual accounts and digital wallets.
Victor's direct integration with Jack Henry's banking core gives financial institutions greater control and visibility, enabling near real-time reconciliation and reducing risk of overdrafts. The solution also provides a single source of truth for money movement and compliance reporting.
"We've had a strong relationship with Jack Henry since our inception and are excited to join forces to expand the reach of our integrated, embedded payments platform," said Victor President Maf Sonko. "With rapid innovation in areas like stablecoin, RTP/FedNow, and AI-driven commerce, speed and scalability are critical. Being part of Jack Henry will enable us to build on our successful growth and work together to accelerate the development of next-generation payment solutions."
Terms of the transaction were not disclosed. Jack Henry expects the acquisition to be minimally dilutive to GAAP EPS for the remainder of fiscal 2026 and fiscal 2027 and become accretive in fiscal 2028.
About Victor Technologies, Inc.
Victor provides banking technology solutions that simplify direct Bank-Fintech partnerships. Victor APIs help technology companies and corporations embed financial solutions within their product offerings and its platform tools help banks manage fintech partnerships and compliance at scale. For more information, visit www.victorfi.com.
About Jack Henry & Associates, Inc.®
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For nearly 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at jackhenry.com.
Statements made in this news release that are not historical facts are "forward-looking statements." Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company's Securities and Exchange Commission filings, including the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.
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SOURCE Jack Henry & Associates, Inc.
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