Systematics was founded in 1968 by University of Arkansas graduate Walter Smiley, who learned of the high software costs and other difficulties faced by small banks in trying to use data processing software from his experiences working with IBM and in the banking industry. Smiley recognized a niche that could be filled for medium-sized banks in this space, and sought funding to start his own company. http://walton.uark.edu/abhf/walter-v-smiley.php Through Jon Jacoby, Smiley was introduced to the Stephens family, who agreed to invest $400,000 in Smiley and Systematics in return for 80% equity stake. http://www.stephensgroup.com/our-portfolio-partners/case-studies Jon Jacoby is the father of Mary Jacoby, wife of [[Glenn Simpson]], http://library.fora.tv/speaker/6818/Glenn_Simpson the founder and owner of FusionGPS.</ref> | Systematics was founded in 1968 by University of Arkansas graduate Walter Smiley, who learned of the high software costs and other difficulties faced by small banks in trying to use data processing software from his experiences working with IBM and in the banking industry. Smiley recognized a niche that could be filled for medium-sized banks in this space, and sought funding to start his own company. http://walton.uark.edu/abhf/walter-v-smiley.php Through Jon Jacoby, Smiley was introduced to the Stephens family, who agreed to invest $400,000 in Smiley and Systematics in return for 80% equity stake. http://www.stephensgroup.com/our-portfolio-partners/case-studies Jon Jacoby is the father of Mary Jacoby, wife of [[Glenn Simpson]], http://library.fora.tv/speaker/6818/Glenn_Simpson the founder and owner of FusionGPS.</ref> |