AUSTIN, Texas — Teres Solutions Inc. says its client list grew by a fourth in 2007, adding 27 new credit union and other financial institution users of its direct and indirect automated lending software.
The nearly 150 clients now using the SAIL software generated nearly $44 billion in loans on the platforms, the company said.
Founded in 2002, Teres now provides direct and indirect lending software for multiple loan types, ranging from vehicles to CD-secured, home equity lines of credit and balloon loans.
The company said it also doubled its workforce in the past year and moved its headquarters into a new, 15,000-square-foot office.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
