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Industry News
07/01/08
CRIF Acquires Teres Solutions as Part of Continued Global Expansion

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3/5/08
Austin Credit Union, Vendor Fight Credit Crunch with Software

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1/29/08
Teres Solutions Customer Base Grows by 25 Percent

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9/21/07
Teres Solutions Inks New Customer Deals with Top Credit Unions

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Teres Solutions Names Tim Kelly Vice President of Sales
AUSTIN, Texas – December 5, 2006 – Teres Solutions(TM), Inc., a leading provider of direct and indirect lending software to credit unions and financial institutions, today announced it has appointed credit union technology industry veteran, Tim Kelly, to the position of senior vice president of sales and operations. With over 20 years experience selling technology solutions to credit unions and financial institutions, Mr. Kelly will oversee the company’s rapidly expanding sales operations as demand continues to increase for its Teres Solutions SAIL software for direct and indirect lending.

“In a short period of time, Teres Solutions has made its mark as one of the leading providers of lending automation technology to the credit union and financial services industries,” said Mr. Kelly. “I am excited to join the talented team at Teres Solutions as we take the company to its next stage of growth.”

Mr. Kelly most recently served as vice president of business development for Harland Financial Solutions’, UltraData-Enterprise system. During his 10 year tenure with the company, he oversaw sales activities and contributed significantly to profitability and growth. Harland Financial’s marquee technology solution, the UltraData-Enterprise system, is one of the leading credit union core systems in the industry.

“We are pleased to have someone of Tim’s depth and breadth of experience join our management team,” said Bruce Callen, president of Teres Solutions, Inc. “His proven track record in helping organizations successfully build and expand markets for credit union and financial technology innovations will prove invaluable during this time of unprecedented growth.”

For more information about Teres Solutions and its SAIL software products, visit www.teressolutions.com.

About Teres Solutions, Inc.
Teres Solutions, Inc. was founded in 2002 for the express purpose of developing direct and indirect lending software products that define the state-of-the-art for the financial institution market. Its Software Application for Integrated Lending (SAIL) direct and indirect lending products allow financial institutions to streamline lending decisions, increase revenue through enhanced loan application processing efficiency, improve dealer and member relations, and augment loan tracking and reporting capabilities. Teres Solutions has been recognized as a Microsoft certified partner with accredited core competencies. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.


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