FOR IMMEDIATE RELEASE

Alogent Opens New International Headquarters

-Company to host Corporate Gala on September 27-

Alogent Corp. – a leading developer of payment transaction processing solutions for global financial institutions and remittance processors – today expanded its U.S. presence by opening its new corporate headquarters in Alpharetta.

“Alogent’s reputation for high-quality technical solutions has moved us into new spheres of influence and scale,” said Alogent CEO and founder Brian Geisel. “Since we are developing mission-critical software solutions for several of the largest financial institutions in the world, it makes sense for us to create a world-class office and demonstration facility. We want our current and future customers to see for themselves how our tradition of excellence results in product innovation and quality in both legacy environments and distributed operations.”

Since 1995, Alogent has experienced rapid growth and phenomenal expansion. This year, the company expects to double its total revenues from 2000 and also expects to quadruple its license revenue. Staffing has grown by 70 percent since last year, and company hiring continues at a record pace through the end of this year. 

Alogent has been named to the Atlanta Business Chronicle’s Pacesetter’s list for 2001 and 2000 as well as to the Deloitte & Touche Technology Fast 500 and the Inc. 500 list of fastest growing companies. To better support this growth, the company received its Round 1 Series-A venture funding in April with $2M.  Alogent currently has no long-term debt, has achieved profitability every year since its inception in 1995 and continues to generate profits and positive cash flows. 

The opening of the new Alpharetta facility follows the inauguration of Alogent’s UK and European operations office in London in April 2000. The London office provides tactical sales and local support channels to its U.K.-based customers. Since 1995, Alogent has provided payment-processing solutions to companies such as Lloyds TSB, HSBC, Girobank and iPSL. The company recently made its debut in the U.S. banking market, but it has long been established with large US remittance processors such as Bell South and SBC.

Alogent’s new 35,000 square foot headquarters houses an 8,000 square foot Software Solutions Center for testing, qualifications, education, and demonstrations. The center contains both countertop and high-speed image capture and document processing devices from key manufacturers like Epson, Seac Banche, Digital Check, NCR, Unisys and IBM. It features the banking industry’s top payment processing platforms, including CPCS running on the IBM 3890, for testing the company’s back office payment processing software, Sierra Clearing. It also provides an array of hardware and software for developing and testing interfaces between its front office product, Sierra xClearing, and third-party front office software applications. This multi-platform processing environment supports the company’s focus on developing enterprise-wide Windows NT/2000 software products that supplement and enhance the mission critical operations of large financial institutions.

About ProfitStars

ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at www.profitstars.com.

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 11,800 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar(TM) is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars(R) provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.

Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.

SOURCE Jack Henry & Associates, Inc.

http://www.jackhenry.com