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| About Us |
| History |
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HAI Associates Inc. (HAI) was founded in December 2001 by Ashok Sharma, Steve Jackson and Gene Bates, who all had extensive prior experience with IT in consumer and commercial banking. Previously, the founding partners had worked with David Hatcher at LogicaCMG plc, a leading international computer services company, where from 1983, they created a worldwide consumer banking services group. The group grew to some 150 staff with annual revenues in excess of $25m, with particular focus on providing Hogan and Systematics/Fidelity and branch automation consumer banking IT skills to leading banks around the world.
In 1996, David Hatcher, working with Ashok Sharma, founded Hatcher Associates Inc. (Hatcher) and they were subsequently joined by Gene Bates and Steve Jackson. This banking IT consulting company grew to a worldwide, $20M, 100+ employee, consumer banking services company which performed consumer banking projects at over 40 organizations around the World.. In June 1998, Summit Partners completed an investment in Hatcher. Summit is one of the nation's leading equity and finance funds which invests in successful, well managed, private companies. Hatcher's continued success led to its acquisition by a major client, Corillian Corporation, in November 2000, when Hatcher became a wholly owned subsidiary corporation named Corillian Services, Inc.
In November of 2001, with the fall off of Corillian's core business, HAI's founding partners left Corillian Services Inc. to form the current company, HAI Associates Inc. (HAI), to continue the mission of providing consumer banking IT consulting to the wide range of vendors and banking clients. Upon the completion of his non-compete agreement, David Hatcher joined HAI as Chairman and CEO in December 2002.
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