The Acquisition Supports Continued Expansion of CRIF in the Financial Services Technology Marketplace.
CRIF has acquired Cypress Software Systems of North Richland Hills, Texas. The purchase of Cypress Software Systems, one of the top providers of loan origination software for community and regional banks, credit unions and financial institutions, will further expand CRIF Lending Solutions technology offerings in the U.S. and abroad.
CRIF Lending Solutions is the U.S. arm of CRIF and is comprised of a team of five leading automated lending technology and services companies: Aimbridge, APPRO, FLS, Magnum and Teres. CRIF Lending Solutions is headquartered in Atlanta, Georgia and supports 650 of the most successful U.S. banks, credit unions and financial institutions.
Cypress Software Systems will become a part of the ACTion business unit of CRIF Lending Solutions along with APPRO and Teres. Cypress technology offerings will be marketed and distributed under the CRIF Lending Solutions ACTion brand of loan and account origination system products and services.