Sagent Advisors acted as exclusive financial advisor to Ensenta Corporation (Ensenta), a portfolio company of Level Equity Management, LLC and a provider of real-time, cloud-based solutions for mobile and online payments and deposits, in its sale to Jack Henry & Associates (NASDAQ:JKHY; “Jack Henry”), a leading provider of technology solutions and payment processing services primarily for the financial services industry. Ensenta’s superior risk management tools are expected to enhance risk mitigation and compliance for the mobile remote deposit clients and partners served by Jack Henry’s Enterprise Payment Solutions group.
This acquisition will also expand Jack Henry’s ability to conduct real-time transactions with third-party platforms, extending the company’s presence in the credit union market through shared branching technology. Together, Jack Henry and Ensenta will collectively support approximately 2,300 financial institutions with consumer remote deposit capture services.*