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07/01/08
CRIF Acquires Teres Solutions as Part of Continued Global Expansion
3/5/08
Austin Credit Union, Vendor Fight Credit Crunch with Software
1/29/08
Teres Solutions Customer Base Grows by 25 Percent
9/21/07
Teres Solutions Inks New Customer Deals with Top Credit Unions
Former President of TransUnion International to Help Oversee CRIF and Teres Solutions Growth Worldwide
BOLOGNA, Italy and AUSTIN, Texas – August 12, 2008 – CRIF, a worldwide leader in credit reporting, business information and decision support systems, today announced it has named Larry Howell Chairman of the company’s International Advisory Board. In addition, CRIF announced that Mr. Howell will serve as Chairman of the Board for Teres Solutions, a top U.S.-provider of lending automation software to credit unions and financial institutions, which CRIF acquired in July 2008. In his new roles, Mr. Howell will help both organizations meet growing demand for their credit and lending solutions around the world.
“I’m honored to join the boards of CRIF and Teres Solutions,” said Mr. Howell. “Together they are changing the way business is done in the credit and lending markets by helping organizations to quickly innovate in new and exciting ways. I look forward to working with the boards and executive teams to help guide CRIF and Teres Solutions through this time of unprecedented growth and global expansion.”
Mr. Howell has over 40 years of experience working in the credit and financial services industry. He was most recently president of TransUnion International for Asia and Europe, where he oversaw credit operations in several markets, including India, Italy, Thailand, Mainland China, Russia and Hong Kong. Mr. Howell joined TransUnion in 1973 as manager of the New York Credit Bureau. Before joining TransUnion he managed six credit bureaus in major cities throughout the U.S. Mr. Howell currently serves on the board of directors of the Business Information Industry Association and is a graduate of St. John’s University in New York and currently resides in Bologna, Italy.
“Larry has extensive experience helping companies successfully expand into new markets around the world,” said Tim Kelly, CEO of Teres Solutions. “His guidance and expertise will prove invaluable as we continue to branch out internationally and expand the breadth of our product offerings for organizations everywhere.”
“We’re honored to have Larry join the CRIF family,” said Carlo Gherardi, CEO of CRIF. “His proven track record of helping companies like ours to grow and flourish will benefit us in our quest to bring great solutions to our customers around the globe.”
For more information on CRIF, visit www.crif.com. For more information on Teres Solutions, visit www.teressolutions.com.
About Teres Solutions, Inc.
A wholly-owned subsidiary of CRIF, 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.
About CRIF
Based in Bologna, Italy where it was founded in 1988, CRIF specializes in the design, development and management of credit reporting, business information and decision support systems. The company’s comprehensive range of information solutions, decision models, outsourcing systems, software and consultancy provide support to banks, financial institutions, insurance companies, utilities and general business companies. Thanks to the capability to develop long term partnerships with its clients, CRIF is the leader in credit and risk management solutions in several countries. More than 1,200 banking and financial institutions use CRIF services on a daily basis for the credit management process. Moreover, CRIF provides added-value reports on the economic, financial, and corporate status of over 50 million companies in 230 countries around the world. For additional information, please contact communication@crif.com or visit www.crif.com.
Teres Solutions is a trademark of Teres Solutions, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.
Media Contact:
Karl Scholz
For Teres Solutions, Inc.
(512) 493-0909
scholz@virtualprdirector.com
Company Contact:
Tim Kelly
Teres Solutions, Inc.
(512) 218-4200
info@teressolutions.com
“I’m honored to join the boards of CRIF and Teres Solutions,” said Mr. Howell. “Together they are changing the way business is done in the credit and lending markets by helping organizations to quickly innovate in new and exciting ways. I look forward to working with the boards and executive teams to help guide CRIF and Teres Solutions through this time of unprecedented growth and global expansion.”
Mr. Howell has over 40 years of experience working in the credit and financial services industry. He was most recently president of TransUnion International for Asia and Europe, where he oversaw credit operations in several markets, including India, Italy, Thailand, Mainland China, Russia and Hong Kong. Mr. Howell joined TransUnion in 1973 as manager of the New York Credit Bureau. Before joining TransUnion he managed six credit bureaus in major cities throughout the U.S. Mr. Howell currently serves on the board of directors of the Business Information Industry Association and is a graduate of St. John’s University in New York and currently resides in Bologna, Italy.
“Larry has extensive experience helping companies successfully expand into new markets around the world,” said Tim Kelly, CEO of Teres Solutions. “His guidance and expertise will prove invaluable as we continue to branch out internationally and expand the breadth of our product offerings for organizations everywhere.”
“We’re honored to have Larry join the CRIF family,” said Carlo Gherardi, CEO of CRIF. “His proven track record of helping companies like ours to grow and flourish will benefit us in our quest to bring great solutions to our customers around the globe.”
For more information on CRIF, visit www.crif.com. For more information on Teres Solutions, visit www.teressolutions.com.
About Teres Solutions, Inc.
A wholly-owned subsidiary of CRIF, 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.
About CRIF
Based in Bologna, Italy where it was founded in 1988, CRIF specializes in the design, development and management of credit reporting, business information and decision support systems. The company’s comprehensive range of information solutions, decision models, outsourcing systems, software and consultancy provide support to banks, financial institutions, insurance companies, utilities and general business companies. Thanks to the capability to develop long term partnerships with its clients, CRIF is the leader in credit and risk management solutions in several countries. More than 1,200 banking and financial institutions use CRIF services on a daily basis for the credit management process. Moreover, CRIF provides added-value reports on the economic, financial, and corporate status of over 50 million companies in 230 countries around the world. For additional information, please contact communication@crif.com or visit www.crif.com.
Teres Solutions is a trademark of Teres Solutions, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.
Media Contact:
Karl Scholz
For Teres Solutions, Inc.
(512) 493-0909
scholz@virtualprdirector.com
Company Contact:
Tim Kelly
Teres Solutions, Inc.
(512) 218-4200
info@teressolutions.com
© 2008 Teres Solutions, Inc. All Rights Reserved.