MONETT, Mo., Oct 07, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced the availability of the Gladiator Enterprise Security Monitoring (ESM) solution which was developed by Gladiator Technology, the ProfitStars(R) solution that operates as a managed security services provider (MSSP) exclusively for financial institutions.
The first phase of the ESM service expands Gladiator's information security monitoring and reporting capabilities to include Jack Henry & Associates' core banking applications and IBM(R) Power(TM) (formerly IBM System i(TM)) host systems. This new service establishes Gladiator ESM as the only security monitoring solution that is fully automated, integrated with the core system, and supported with a 24/7/365 monitoring service. Gladiator ESM is expected to generate tangible benefits for diverse financial institutions by proactively protecting them from costly security threats that could interrupt business operations, enabling immediate responses to the latest security-related issues and trends, and supporting compliance with the related regulatory mandates with real-time monitoring, immediate notification, and comprehensive reporting on key events occurring in their core software systems.
Danny Johnston, group president of Gladiator Technology, said, "Today, financial institutions recognize the need for a more comprehensive suite of services to protect both their customers' personal information and their reputations. As regulatory and compliance expectations continue to escalate, financial institutions will need to implement monitoring services from a proactive perspective, and our ESM solution does just that. The goal of ESM is to provide security alerts to Jack Henry & Associates' clients in real-time -- 24x7x365 -- and to provide easy-to-understand reports that support the related regulatory guidelines. These reports are valuable in helping clients to better manage information security within their enterprise and in helping prove to regulators that they have adopted a proactive approach to protecting customers' non-public information within their banking applications. ESM also helps address internal monitoring, where more than 60 percent of reported security breaches occur today."
All of Gladiator's monitoring layers, including ESM, address the detection, prevention, and mitigation of Red Flags to protect the privacy, security, and confidentiality of non-public confidential information as mandated in the recent ID Theft Prevention Program Guidelines (FACT ACT modifications) that must be addressed by November 1, 2008.
Johnston added, "Gladiator takes great pride in being an innovator in the information security arena, and our ESM service provides a leading-edge information security solution for our clients. We anticipate releasing new versions of this service to incorporate a continually broadening range of software, hardware, and complementary system alerts and reporting capabilities."
About Gladiator Technology
Based in Atlanta, Gladiator Technology is a managed security services provider (MSSP) focused specifically on information security protection for the financial industry. The company helps more than 600 financial institutions nationwide secure networks and protect financial data in adherence with Federal Financial Institutions Examinations Council (FFIEC) regulations. From security monitoring and consulting services to technology management training and IT compliance management products, Gladiator Technology functions as one of the fastest-growing Internet and network security companies in the nation. For additional information about Gladiator Technology, please call 877-GLADTECH or visit us at http://www.gladiatortechnology.com. Gladiator Technology is a solution provided by Jack Henry & Associates' ProfitStars division.
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 http://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 8,800 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 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 http://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
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