ProfitStars, a division of technology solutions and payment processing services provider Jack Henry & Associates (JHA), has unveiled Gladiator Total Protect managed IT, network security and compliance services for financial institutions.
Gladiator Total Protect provides malware protection, firewall management and monitoring and incident alerting capabilities, according to ProfitStars. In doing so, Gladiator Total Protect safeguards financial institutions and their customers across mobile devices, networks and branch offices.
In addition, Gladiator Total Protect aggregates security events across a financial institution's systems and networks, ProfitStars said. It also supports more than 1,000 financial institutions.
What Does Gladiator Total Protect Mean for JHA?
Gladiator Total Protect could help JHA accelerate its revenue growth following a profitable second quarter of fiscal year 2019.
Notable JHA 2QFY19 financial results included:
- Total revenue of $386.3 million, up 8 percent year over year.
- Operating income of $88.2 million, up 4 percent year over year.
- Net income of $68.1 million, or approximately $0.88 per diluted share.
Gladiator Total Protect enables JHA to capitalize on the rising demand for cybersecurity solutions among financial institutions, too.
The global cybersecurity in financial services market is projected to expand at a compound annual growth rate (CAGR) of 9.8 percent between 2017 and 2023, industry analyst HTF Market Intelligence indicated. Also, this market could be worth nearly $42.7 billion by 2023.
