Tellenger Announces Successful Completion of First SBA Loan Program Release
June 23 2022 - 1:00PM
Tellenger Inc., a subsidiary of WaveDancer, Inc., (NASDAQ: WAVD)
announced today that, in collaboration with their teaming partners,
they have successfully completed a major release related to their
U.S. Small Business Administration (SBA) 7(a) Loan Program and
Secondary Market project. Tellenger, a long-standing subcontractor
of the SBA, 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 perform loan servicing, technology modernization,
and financial services for SBA’s loan programs, which have grown to
over 7,500 lenders and nearly one trillion in assets.
The multi-year award aims to bring significant
modernization to further enhance the critical loan program. The
contracting team has worked with the SBA to develop a technology
roadmap that includes multiple phases of work. Tellenger’s staff
includes a proven lineup of dedicated system migration specialists
and analysts.
“We were critical in helping the modernization
team achieve this significant milestone for the largest SBA loan
program. We look forward to continuing to support the SBA in their
modernization efforts over the coming years,” stated Tellenger’s
President, Stan Reese.
Tellenger’s extensive experience in modernizing
and migrating legacy systems that utilize COBOL and ColdFusion
technology, along with its past success in complex enhancements of
SBA legacy systems, will add valuable, technical expertise to the
ongoing support of the new platform.
About Tellenger
Tellenger (www.tellenger.com), a wholly owned
subsidiary of WaveDancer, Inc., is a boutique IT consulting and
software development company that helps organizations meet their
business goals through technology. Tellenger specializes in
modernization, software development, cybersecurity, cloud
solutions, and data analytics. From business process re-engineering
to cloud migrations to SaaS implementations and more, Tellenger
uses technology to help clients in the private and public sectors
increase productivity, gain efficiencies, and achieve KPIs.
About WaveDancer
WaveDancer (www.wavedancer.com), headquartered
in Fairfax, Virginia, offers zero trust blockchain-enabled software
solutions for supply chain security. Our technologies are deployed
and being used to help organizations manage very complex supply
chain challenges. Customers are using the WaveDancer platform to
gain unprecedented levels of accountability, auditability, and
predictability from their data, while giving insights to their
partners and suppliers through a controlled, distributed ledger
that is immutable and can be trusted by all parties.
Additional information for investors
This release may contain forward-looking
statements regarding the Company's business, customer prospects, or
other factors that may affect future earnings or financial results.
Such statements involve risks and uncertainties which could cause
actual results to vary 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 fiscal year
ended December 31, 2021 and in other filings with the Securities
and Exchange Commission.
For additional information contact:Jeremy
Hellman, CFAVice PresidentThe Equity Group(212)
836-9626jhellman@equityny.com
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