Cypress Software Bolsters Credit Union Operations and Staff.

Company Adds Teresa Clancy as National Sales Manager, Credit Union Relationship Builder

NORTH RICHLAND HILLS, Texas -- Cypress Software Systems, LP is further expanding its credit union operations by naming Teresa Clancy national sales manager and credit union relationship builder. She brings more than 15 years of technology sales experience in the financial services sector to the position. She also will manage Cypress' overall sales efforts in the Eastern United States.

"Teresa is a valuable addition to our sales staff, and her expertise in the credit union industry, specifically, will help bolster our continued growth in that market," said Stephen G. Sargent, president and chief executive officer at Cypress. "Teresa's background at Equifax, APPRO Systems and State National Companies has given her broad experience at promoting both business and consumer automated credit decisioning technology, and we feel she'll enhance the sales operations for our Mark IV, BizMark and AppMark products."

Prior to Cypress, Clancy was regional sales manager at Equifax Enabling Technologies where she managed sales efforts and growth of company's consumer and small business loan origination solutions in the Southern United States.

Before that, she worked with APPRO Systems, where she led significant sales growth for the company's traditional and ASP-based loan origination systems to banks and credit unions across the United States.

Additionally, Clancy held several sales and compliance positions at State National Companies, where she helped build the company's LoanLink Lending Call Center, which was eventually acquired by APPRO Systems and later sold to Cuna Mutual Group.

Clancy conducted her undergraduate studies at the University of Texas at Arlington, with emphasis on marketing and insurance.

About Cypress Software Systems

Headquartered in North Richland Hills, Texas, USA, Cypress Software Systems, LP is a leading developer of automated credit application decision support technology. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions. Clients, nationwide and in 16 countries, use the company's flagship products, Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress' BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company's product line also includes AppMark, an ASP-only consumer lending solution for community banks with assets of $200 million or less. Web Site: www.go-cypress.com.