Mr. Thompson: Jack Henry & Associates is a provider of information technology products and services to community financial institutions. That would include commercial banks and credit unions throughout the US. We were formed in 1976 and became a public company in late 1985, and last year, the 2000 calendar period, was the first time that we had gone back to the market with a secondary offering. The company sold 1.5 million primary shares and insiders sold 1.8 million secondary shares. We are the number one in-house provider of systems to the commercial bank marketplace in the US. We have the number seven position in outsourcing, so we're definitely working on improving that spot. Also, we have the largest installed base on any one single product in the credit union marketplace with our Symitar System, so we're very excited about that position as well.
TWST: Where will you see your future growth coming from in the next
year?
Mr. Thompson: Our growth will come from additional new core product
sales to brand new customers that have not used our core systems
previously. That will be some in-house as well as probably a little more
accelerated opportunity in outsourcing it seems. Then we will also sell
upgrades to our current marketed products to several customers running
on legacy systems that we've acquired over time. We have lots of new
complementary products and services that many of our core customers will
buy from us as well.
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