Teres Solutions promotes Tim Kelly to CEO

In his new role, Mr. Kelly will spearhead strategic corporate growth initiatives, including continuing to establish partnerships with top technology and consulting leaders in the credit union and financial industries.

"Over the past five years Teres Solutions has achieved tremendous growth - solidifying its position as one of the top three providers of lending automation software in the industry," said Bruce Callen, co-founder and president of Teres Solutions, Inc. "In just a short period of time working with our company, Tim has played a key role in making this happen. We are honored to have someone with his talents and skills as our first CEO and we look forward to his leadership during our next stage of growth."

In November 2006, Mr. Kelly joined Teres Solutions as its senior vice president of sales and operations, since then he has helped achieve unprecedented growth for the company, while expanding the delivery of products to the market. He has more than 20 years experience pioneering the adoption of technology by financial services organizations. Previously Mr. Kelly served as vice president of business development for Harland Financial Solutions' UltraData-Enterprise system, one of the leading core systems in the credit union industry.

"I'm honored to be selected by the Teres Solutions founders and board members as the company's first CEO," said Tim Kelly. "Teres Solutions is known for having the industry's top lending automation solutions and this is a testament to the quality of its products and the talented team members it has attracted over the years. I look forward to working with them as we continue our drive to be the number one provider of lending automation software to credit unions and financial institutions."