AUSTIN, Texas — Teres Solutions Inc. has been sold to an Italian provider of credit services, management software and worldwide business information systems.

The Austin-based lending technology company will operate as a wholly owned subsidiary of Bologna-based CRIF. Terms of the deal were not disclosed.

Teres ( was founded in 2002 and provides its SAIL direct and indirect lending solutions to a client base of 175 financial institutions, including 170 credit unions, the company said.

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