The acquisition brings together two FinTech industry leaders to further innovate loan origination solution technology for financial institutions nationwide.
MeridianLink, a leading provider of enterprise business solutions for financial service organizations, announced today the acquisition of Teledata Communications, Inc. (TCI). TCI is the creator of DecisionLender, a SaaS loan origination solution (LOS) that was first released in 1998. DecisionLender is an industry-trusted LOS that serves more than 500 banks, credit unions, and financial companies nationwide.
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“TCI’s client-first commitment and focus on providing a continuously innovative lending solution mirrors the vision and mission of MeridianLink,” said Nicolaas Vlok, CEO of MeridianLink. “The addition of TCI, which combines over 20 years of FinTech industry expertise and cutting-edge IP, will accelerate LOS innovation.”
“For over 20 years, my team and I have built an industry-leading product for our clients and we’re proud to entrust its further expansion into the hands of MeridianLink,” said George Nagrodsky, Co-founder, Chairman and Director of TCI.
The DecisionLender loan origination system will continue to be available to existing and new customers nationwide. MeridianLink will evolve LOS technology further and provide borrowers with the frictionless process they’ve come to expect. By combining the organizations’ knowledge and technologies, MeridianLink will accelerate innovation within its LOS product roadmap, giving financial institutions the best enterprise business solutions so they can focus on their employees, consumers, and communities.
“This acquisition will provide new and exciting breakthroughs within LOS technology. We are confident that MeridianLink’s outstanding record of innovation and exceptional customer support will make our clients more successful,” said William S. Nass, Co-founder, President and Director of TCI.
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MeridianLink will continue to provide all current business enterprise solutions for banks, credit unions, and mortgage lenders. DecisionLender will now be offered within MeridianLink’s suite of products. The combined industry knowledge of both companies builds a strong foundation for more rapid growth in product innovation and development. MeridianLink is committed to further investment in lending technology that simplifies workflows and helps financial institutions grow.
“We are excited to welcome TCI’s employees to the MeridianLink team and look forward to expanding our breadth of products and solutions,” said Alan Arnold, COO of MeridianLink. “We are honored to serve our new clients and build upon these strong relationships.”
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