MeridianLink announces the acquisition of Teledata
Costa Mesa, California, November 05, 2020 (GLOBE NEWSWIRE) – MeridianLink®, a leading provider of business solutions for financial services organizations, today announced the acquisition of Teledata Communications, Inc. (TCI). TCI is the creator of DecisionLender, a SaaS loan origination (LOS) solution that was first released in 1998. DecisionLender is an industry-trusted LOS serving over 500 banks, credit unions and financial companies in nationwide.
“TCI’s customer-centric commitment and focus on delivering a continually innovative lending solution reflects the vision and mission of MeridianLink,” said Nicolaas Vlok, CEO of MeridianLink. “The addition of TCI, which combines more than 20 years of expertise in the FinTech industry and cutting-edge intellectual property, will accelerate innovation in LOS.
“For over 20 years my team and I have built a leading product for our customers and we are proud to entrust its future expansion to MeridianLink,” said George Nagrodsky, Co-Founder, President and Director of TCI. .
The DecisionLender loan origination system will continue to be available to existing and new customers across the country. MeridianLink will advance LOS technology and give borrowers the frictionless process they expect. By combining the knowledge and technology of organizations, MeridianLink will accelerate innovation within its LOS product roadmap, providing financial institutions with the best enterprise business solutions so that they can focus on their employees, their consumers. and their communities.
“This acquisition will bring exciting new breakthroughs in LOS technology. We are confident that MeridianLink’s excellent record of innovation and exceptional customer support will contribute to the success of our customers, ”said William S. Nass, Co-Founder, President and CEO of TCI.
MeridianLink will continue to provide all current business solutions for banks, credit unions and mortgage lenders. DecisionLender will now be offered in the MeridianLink product line. The combined industry knowledge of the two companies provides a solid foundation for faster growth in innovation and product development. MeridianLink is committed to investing more in lending technology that simplifies workflows and helps financial institutions grow.
“We are delighted to welcome TCI employees to the MeridianLink team and look forward to expanding our range of products and solutions,” said Alan Arnold, COO of MeridianLink. “We are honored to serve our new customers and build on these strong relationships. “
Financial Technology Partners LP and FTP Securities LLC were TCI’s exclusive financial and strategic advisers in this transaction.
MeridianLink, Inc., developer of the first and A leader in multi-channel account opening and loan origination platform, has been a trusted provider of business solutions for financial firms since 1998. Winner of Octane’s ‘Best Technology Business Leadership Team’ in 2020 , MeridianLink connects more than 1,400 customers and their customers to better financial experiences – through efficiency, solutions and technology. More information is available at www.meridianlink.com.
About Teledata Communications, Inc.
Founded in 1982, Teledata Communications, Inc (TCI) is the provider of DecisionLender 4, a comprehensive consumer loan origination (LOS) platform. DecisionLender 4 is fully configurable, hosted in the cloud, and supports branching, online lending, auto and merchant indirect lending, and opening deposit accounts. The robust decision engine is the most versatile on the market, enabling manual or automated workflows. With over 130 different third-party integrations ranging from alternative data sources to fraud protection, signing and more, DecisionLender 4 really lets you do business YOUR WAY! www.tcicredit.com