Akcelerant and Symitar Forge New Partnership

MALVERN, PENNSYLVANIA – Akcelerant, a provider of connected software technology to the financial services industry, and Symitar™, a leading provider of core data processing and other technology solutions to U.S. credit unions of all sizes, announced today the signing of a partnership agreement which includes access to Symitar’s  Vendor Integration Services department and enables Akcelerant to market the Akcelerant Framework, a robust software platform for lending and collections, to Symitar’s credit union customers.

The Akcelerant Framework has gained recognition and credibility within the Symitar customer base over the years and is already installed at more than 40 of Symitar’s customers. Akcelerant has tightly integrated its software to Episys and gains new Symitar customers each quarter who wish to take advantage of Akcelerant technology. This agreement will help Akcelerant expand its presence in the Symitar customer base through the support of Symitar’s corporate endorsement and referral, as well as enable both parties to work in a cohesive fashion to assist customers in reaching their collection and lending objectives. 

“Akcelerant has been recognized as the leading provider of collection software among the credit union industry with 60% market share of all credit unions over $1 billion in assets and more than 400 credit union customers overall. We are also quickly expanding our presence in the loan origination marketplace. We believe this partnership with Symitar aligns us with another industry technology leader and will make both parties much more equipped to address the needs of mutual customers. We are proud to become a Symitar partner and are looking forward to building our relationship long into the future,” states Jay Mossman, President & CEO of Akcelerant.

About Symitar
Symitar, a division of Jack Henry & Associates, Inc. (Nasdaq: JKHY), is the leading provider of integrated computer systems for credit unions of all sizes.  Symitar currently serves more than 700 credit unions as a single source for integrated, enterprise-wide automation and as a single point of contact and support.  Additional information is available at www.symitar.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 11,200 customers nationwide, and are marketed and supported through four primary brands.  Jack Henry Banking™ supports banks ranging from de novo to mid-tier institutions with information processing solutions.  Symitar is the leading provider of information 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.  iPay Technologies operates as a leading electronic bill pay provider supporting banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms.  Additional information is available at www.jackhenry.com.

About Akcelerant Software LLC
Akcelerant, with offices in Malvern, Pennsylvania and Vancouver, British Columbia, provides connected software applications to the financial services industry through multiple product lines and integration to best-of-breed service providers. Approximately 500 financial institutions in all 50 states and all provinces of Canada are currently using Akcelerant technology.  For more information about Akcelerant, visit www.akcelerant.com.