FAIRFAX, Va., June 23, 2022 (GLOBE NEWSWIRE) — Tellerger Inc., a subsidiary of WaveDancer, Inc., (WAVD) today announced that, working with its partners, it has successfully completed a related major release to their US Small Business Administration (SBA) 7(a) loan program and secondary market project. Tellerger, a longtime SBA contractor, was tasked with modernizing parts of the SBA loan program system to allow for easier maintenance and greater reliability.
The newly modernized system will allow the program to better service loans, technology modernization and financial services for SBA’s lending programs, which have reached more than 7,500 lenders and nearly $1 trillion in assets .
The multi-year award aims to bring a significant modernization to further improve the Critical Lending Program. The procurement team worked with the SBA to develop a technology roadmap that includes several phases of work. Tellerger’s staff includes a proven range of dedicated systems migration specialists and analysts.
“We played a critical role in helping the modernization team achieve this important milestone for the SBA’s largest lending program. We look forward to continuing to support the SBA in its modernization efforts over the coming years,” said Tellerger Chairman Stan Reese.
Tellerger’s extensive experience in modernizing and migrating legacy systems that use COBOL and ColdFusion technology, as well as its past successes in complex enhancements to legacy SBA systems, will add valuable technical expertise to the ongoing support of the new platform. .
About Tellinger
Tellenger (www.tellenger.com), a wholly owned subsidiary of WaveDancer, Inc., is an IT consulting and software development company that helps organizations achieve their business goals through technology. Tellerger specializes in modernization, software development, cybersecurity, cloud solutions and data analytics. From business process re-engineering to cloud migrations, SaaS implementations and more, Tellerger uses technology to help private and public sector clients increase productivity, gain efficiencies and achieve KPIs. .
About Wave Dancer
WaveDancer (www.wavedancer.com), headquartered in Fairfax, Virginia, offers zero trust blockchain-enabled software solutions for supply chain security. Our technologies are deployed and used to help organizations manage highly complex supply chain challenges. Customers use the WaveDancer platform to gain unprecedented levels of accountability, auditability, and predictability from their data, while empowering their partners and vendors through a controlled, distributed ledger that is immutable and to which all parties can be trusted.
Additional information for investors
This release may contain forward-looking statements regarding the Company’s business, potential customers or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company’s 10-K for the year ended December 31, 2021 and other filings with the Securities and Exchange Commission.
For more information, contact:
Jeremy Hellman, CFA
vice president
The equity group
(212) 836-9626
[email protected]
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