Teres Solutions Bumps Kelly to Chief Executive

Austin, Texas-based Teres Solutions Inc., a developer of direct- and indirect-lending software to financial institutions, announced Monday that it has promoted Tim Kelly to the role of chief executive officer. Teres said Kelly, who was the company's senior vice president, will oversee strategic corporate growth initiatives by establishing partnerships with technology and consulting leaders within the financial industries. Kelly boasts more than two decades of relevant experience, Teres said. Before joining the company in November 2006, he served as vice president of business development for Harland Financial Solutions' UltraData-Enterprise system. Its flagship product is the Software Application for Integrated Lending, or SAIL, software family.