Monett-based Jack Henry & Associates, Inc. announced in a news release its acquisition of Vanguard Software Group, a Florida-based technology company that specializes in commercial loans.
Vanguard joins Jack Henry & Associates as part of the ProfitStars Lending Solutions Group, which assists financial institutions with commercial loan portfolio growth and diversification, the release said.
Terms of the transaction were not disclosed.
“The LoanVantage technology not only expands the functionality of our Commercial Lending Center suite, but also enhances cross-sell opportunities, ultimately contributing to increased growth opportunities for our clients and their commercial customers,” Russ Bernthal, president of Jack Henry Associates’ ProfitStars division, said in the release.
Read more: Springfield News-Leader