Teris

Teris

Type	Information technology company
Industry	Information technology for financial services
Founded	1989
Headquarters	Kópavogur, Iceland
Key people	Sæmundur Sæmundsson, Chief executive officer
Products	Banking and financial services,
Revenue	Unknown
Number of employees	145
Slogan	Teris - a symbol of knowledge
Website	www.teris.is

Teris was an Icelandic software company that focused on servicing the financial sector. Originally founded as Tölvumiðstöð Sparisjóðanna (Savings Banks Computer Centre), it changed its name on March 23, 2007 to reflect changes in clientele and ownership.

Its headquarters were in Kópavogur.

History

Teris’ predecessor, Tölvumiðstöð Sparisjóðanna was founded in March 1989 by six of the largest savings banks in Iceland together with Lánastofnun Sparisjóðanna (The Savings Banks Lending Organization – renamed Icebank). Other savings banks soon joined the partnership.

Originally the Computer Centre functioned simply as the computer division for the savings banks. Gradually the number of shareholders increased, more finance companies joined the group and the firm expanded.

Services

Teris provided services not only as a dedicated computer department, but also sold software to several financial institutions and companies in Iceland, The Faroe Islands and Norway. In 2007 it signed a contract to use SAS System for many of its solutions.

For many years, Teris operated and supported the deposit and loan system Flexcube from i-flex.

In 2012, Teris merged with Reiknistofa Bankanna ^[1]

References