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 (www.teressolutions.com) 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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 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.