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Tag Archives: Banno

Alliance & Chamber Investors/Leaders Expand Market Reach with Recent Acquisition & Merger

ME&V has announced it is merging with Cedar Rapids advertising agency Henry Russell Bruce (HRB) as of April 1. The new organization’s name is “AMPERAGE.” The branding line for the new entity is “Move the Needle.”

The merger of two of Iowa’s top agencies will broaden the scope of services and expand areas of expertise. Founding partner and former Alliance & Chamber board member Dee Vandeventer will retire as partner, but will remain on staff working full-time in the area she is most passionate about—fundraising. ME&V partner Brian Earnest will serve as president of the new company.

“We’ll be hiring,” said Earnest in a Corridor Business Journal interview. “We are positioned for growth and we plan to merge with two more agencies in order to accelerate growth and enhance our capabilities.”

Local start up, Banno, a developer of banking technology, has been acquired by Jack Henry & Associates (OTC: JKHY). According to JKHY, The deal follows a July 2013 partnership in which Jack Henry’s ProfitStars division sold Banno’s Grip mobile application under the name Andiamo, according to the release. The deal brings another S&P 500 operation to the Cedar Valley.

Banno Chief Executive and Alliance & Chamber board member Wade Arnold, says operations and management teams will continue working out of the company’s locations in Cedar Falls and Des Moines.

Founded in 2008, Banno serves more than 375 financial institutions. The company’s other core services include a targeted online advertising platform and a responsive-website design and development tool. It was named one of American Banker‘s “Top 10 Tech Companies to Watch for 2012.”

 

These two announcements are excellent examples of the deepth and breadth of Cedar Valley startup  and entrepreneurial community.

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Jack Henry Acquires Bank Tech Startup Banno

by Sarah Todd, AmericanBanker.com

MAR 4, 2014 1:48pm

The banking software provider Jack Henry & Associates (JKHY) has acquired the banking technology startup Banno.

Banno’s operations and management teams will continue working out of the company’s locations in Cedar Falls and Des Moines, Iowa, the companies said in a joint press release Tuesday. The price of the deal was not disclosed.

The deal follows a July 2013 partnership in which Jack Henry’s ProfitStars division sold Banno’s Grip mobile application under the name Andiamo, according to the release. The app helps bank customers comparison-shop and decide whether to make purchases.

“Banno’s reputation for innovative solutions is apparent in the industry, but it became more visible to us when we formed our business partnership and developed our Andiamo solution,” ProfitStars president David Foss said in the release. “We know firsthand that Banno is committed to delivering the most high-demand technology coupled with unmatched support and service, which are two areas of business that we place a high value on here at Jack Henry.”

Founded in 2008, Banno serves more than 375 financial institutions. The company’s other core services include a targeted online advertising platform and a responsive-website design and development tool. It was named one of American Banker‘s “Top 10 Tech Companies to Watch for 2012.”

“This acquisition is a tremendous opportunity for Banno to leverage Jack Henry’s proven technologies,” Banno Chief Executive Wade Arnold said in the release.

Alliance & Chamber Investor, Banno, unveils marketing tool Kernel

Banno, a provider of data-enriched Web and transaction marketing services for financial institutions, introduced Kernel today at FinovateSpring.

Kernel powers interactions between financial institutions and customers to deliver the best product offering based on interest, across any channel. It helps financial institutions to deliver relevant content and enhance lead generation.

According to Aite, financial institutions will increasingly rely on predictive modeling and other analytical techniques for making marketing decisions. Kernel delivers a true one-to-one marketing experience in real time by exposing a modern Web API for integration across any channel. Kernel adjusts advertisement delivery between mobile, online banking, and other experiences based on users’ interest and interaction with each channel. As a result, banks and credit unions can cultivate stronger leads and actionable opportunities for their products and services.

Banno CEO Wade Arnold explained, “Consumers interact with a multitude of self-service banking channels across an ever-expanding array of devices. Kernel simplifies the collection and analysis of these interactions to expose an individual’s intent and changing interests. Automatic campaign ad delivery allows institutions to set and track their campaigns as well as visually explore their success. Now, banks and credit unions can address a consumer’s needs with purpose and accuracy, delivering the right product message over multiple channels.”

Kernel’s ability to automatically deliver advertising campaigns is based on the best performing promotions; new website visitors will see ads that have gained the highest click-through rates. Additionally, it tracks leads through a real-time dashboard that distinctly shows what users are viewing on an institution’s website, what they click through and which advertisement is displayed at that time. This gives the financial institution actionable insights to further engage consumers.

GREATER CEDAR VALLEY ALLIANCE & CHAMBER and the CEDAR VALLEY REGIONAL PARTNERSHIP ANNOUNCE DREAM BIG GROW HERE CEDAR VALLEY $5,000 WINNER

Cedar Valley of Iowa -The 2nd Annual Dream Big Grow Here Cedar Valley contest concluded on the evening of October 18th, 2012 with a “pitch-off” by five finalist of the online popular vote portion of the $5,000 grant contest.

The winner of the pitch-off, Lizzy Mae’s Cupcakes & Sweets – pitched by Dawn Pursell of Waverly, was chosen by a panel of business entrepreneurs and experts from the fields of law, technology, finance and entertainment. Twenty-one start-ups and small businesses participated in the popular online voting generating over 9,300 votes, from 44 states and 16 countries.

The Dream Big Grow Here Cedar Valley competition provides early stage and emerging small business an additional financial boost to accelerate the growth of their business.  The contest was open to start-up and small businesses in the Cedar Valley Economic Area comprised of Butler, Bremer, Buchanan, Black Hawk, Chickasaw, Grundy, and Tama counties.

“This year we saw more businesses competing in the contest take advantage of the free business services available through the University of Northern Iowa, MyEntrenet and the Small Business Development Center” commented Steve Dust, CEO, Greater Cedar Valley Alliance and Chamber.

“This is the whole point of the contest…helping these individuals take their business idea to the next level.” added Nate Clayberg, Chair, Cedar Valley Marketing Partnership.

Both the Greater Cedar Valley Alliance and Chamber and the Cedar Valley Regional Partnership were regional sponsors of the statewide contest.  Lizzy Mae’s Cupcakes & Sweets will compete March 7, 2013 for a chance to win $10,000 at the statewide pitch off sponsored by MyEntre.net during their annual conference. Pursell plans to use the prize money to expand her baking operation and open a store front in Waverly.

Other event sponsors for the Dream Big Grow Here Cedar Valley Pitch-Off event included, MyEntre.net, UNI’s Business Incubator, Point Builders and PDCM Insurance.

Other finalist included:

Computer Troubleshooters Computer Service and Sales(Cory Vieth) – Waterloo, Eat Cakes Cakery (Elizabeth Wilson)– Hudson , Watapri (Jane Zehr)– Waverly, and Recycle Rite Inc. (Brian Hoyer)- Cedar Falls.

Kate Washut of Far Reach Technologies moderated the Pitch-off. The judges panel included; Wade Arnold CEO of Banno; Darin Beck CEO of Barmuda MMC; Eric Johnson of Beecher, Field, Walker, Morris, Hoffman & Johnson, P.C.; Mark Stewart of Prime Logic Partners and Nick Evens of  The Veridian Group.

 

Returning to the Dream Big Grow Here Cedar Valley Pitch-Off event and delivering the keynote was author Sarah Miller Caldicott, great grand niece of Thomas Edison. Caldicott’s presentation How Collaboration Drives Innovation: A Midnight Lunch with Thomas Edison, was based on a soon to be released book. Co – author of the book Innovate Like Edison, Caldicott has recently released an e-book titled Inventing the Future: What Would Thomas Edison be Doing Today.

 

Dust added, “Cedar Valley Innovation Day is one way to celebrate the strength and vitality of the individual entrepreneurial drive in the Cedar Valley economic area, and the improvements it brings our businesses and lives.

 

The contestants of Dream Big Grow Here-Cedar Valley have taken the first steps to growing the next dominant business with whatever product or service improvement they have put into the marketplace. These aren’t hobbies, or businesses that plan to remain garage-based operations. DBGH-Cedar Valley contestants are in the mold of many, many other Cedar Valley dreamers who started with a vision to help businesses and consumers to do something better – innovating. Their success at innovation has earned them a place among the best in the nation in their industries. Remember, the innovation of John Froelich and his partners in the Waterloo Gasoline Traction Engine Co. – introducing gasoline powered traction – changed agriculture around the globe. It’s that commitment to find new, better ways to produce and provide in America’s Free Enterprise system – innovation – from the Cedar Valley – that is celebrated in this event.

 

Cedar Valley Innovation Day is a way to inform and demonstrate why it’s critical to create a welcoming place for people to innovate. We need that brainpower – continually striving to find the next better way to do something – create – make – or deliver something – to expand our economy. Encouraging, welcoming and celebrating innovation is still another way to Be Part of Something Greater – the Cedar Valley of Iowa.”

 

More information about Lizzy Mae’s Cupcakes & Sweets can be found at www.facebook.com/LizzyMaes Cupcakes Sweets.

 

Plans are already underway for the 2013 Dream Big Grow Here Cedar Valley & Cedar Valley Innovation Day.  Businesses and individuals interested in participating or sponsorships should contact the Greater Cedar Valley Alliance and Chamber at 319-232-1156.

 

Be part of something greater - The Cedar Valley of Iowa

The Greater Cedar Valley Alliance & Chamber is a regional economic community development corporation working to increase economic vitality and wealth in the Waterloo / Cedar Falls area and surrounding economic region. The Alliance & Chamber has approximately 800 members that represents over 40,000 employees