Jack Henry & Associates Inc. has acquired Victor Technologies Inc., a provider of embedded-payment solutions, from MVB Financial Corp. for an undisclosed sum. While terms of the deal were not disclosed, MVB says it expects to see a pre-tax gain of $33 million from the sale.
The acquisition widens an existing relationship between the companies by expanding Jack Henry’s capabilities in the payments-as-a-service market, which is expected to grow to $43.9 billion in revenue by 2029, from $19.1 billion in 2025, according to Research and Markets.