MeridianLink, Inc. - MLNK STOCK NEWS

MeridianLink, Inc. (NYSE: MLNK) has appointed Yael Zheng to its board of directors, bringing over 20 years of experience in software marketing and leadership. Zheng has a proven track record of scaling organizations and has previously served as CMO at Bill.com, VMware, and Medallia. This appointment aims to enhance the board's capabilities as MeridianLink concludes a strong year in the market. Zheng also holds board positions at Poly and Splashtop and is NACD Directorship Certified™. MeridianLink provides cloud-based software solutions for over 1,900 financial institutions.

MeridianLink (NYSE: MLNK) announced its preferred partnership with the National Consumer Reporting Association (NCRA), which represents leading consumer reporting services in the U.S. This partnership aims to promote the growth of the consumer reporting industry and enhance digital transformation for its members. MeridianLink will showcase its innovative software solutions, including Mortgage Credit Link and TazCloud, at the NCRA's 29th National Conference in Tucson, Arizona. The collaboration reflects a decade of support for NCRA and aims to deliver advanced technology to consumer reporting agencies.

MeridianLink (NYSE: MLNK), a software provider for financial institutions, has secured a Credit Agreement featuring a seven-year Term Loan B Facility amounting to $435 million and a $50 million revolving credit facility. The Facility has received ratings of BBB- from S&P, BB+/RR1 from Fitch, and B2 from Moody's. The estimated initial interest rate is around 3.50%. CFO Chad Martin noted that the agreement reflects the company's robust financial standing and will facilitate continued investment in growth initiatives.

MeridianLink (NYSE: MLNK), a top provider of software solutions for financial entities, has announced its participation in multiple upcoming investor conferences. These include Citi’s 2021 FinTech Conference on November 18, Credit Suisse’s 25th Annual Technology Conference, and others throughout December 2021. A live webcast of these events will be available on MeridianLink's Investor Relations website. The company serves over 1,900 clients, including many recognized in Forbes’ lists of America’s Best Credit Unions and Banks.

MeridianLink (NYSE: MLNK) has achieved Great Place to Work Certification™ for the second consecutive year, showcasing a positive workplace environment as rated by employees. This recognition emphasizes the company's focus on creating a remote-first, collaborative culture that empowers staff. Notable initiatives include mentorship programs, an open-door policy with executives, and wellness programs. Research indicates that certified companies see improved employee engagement and retention.

Apiture has partnered with MeridianLink to enhance digital account opening capabilities for banks and credit unions. This collaboration allows institutions to use MeridianLink's platform to offer seamless online account opening solutions, including checking and savings accounts, from any device. With a growing trend toward online banking, this solution helps financial institutions attract new customers. Apiture aims to provide modern resources, as evidenced by their recent launch of digital customer support and P2P payments services.

MeridianLink (NYSE: MLNK) has appointed Reema Poddar to its board of directors. Poddar brings nearly 30 years of software industry experience, including executive roles at global companies and significant achievements in digital transformation. She previously served as the Chief Product Officer at Teradata, leading its transition to a subscription-based model and establishing a new cloud business. Poddar's expertise in product innovation is expected to enhance MeridianLink's leadership as the company navigates digital transformations within the financial services sector.

MeridianLink, Inc. (NYSE: MLNK) reported a strong third quarter for 2021, achieving revenue of $67.4 million, reflecting a 29% year-over-year growth. The company maintained a high adjusted EBITDA margin of 46%, totaling $31.0 million in adjusted EBITDA. Despite an operating loss of $(8.8) million, MeridianLink expanded its client base significantly, adding over 60 new clients to its MeridianLink Portal. The company also raised its full-year guidance, forecasting up to $264.2 million in revenue for 2021.

MeridianLink (NYSE: MLNK) reported the addition of over 60 clients who implemented the MeridianLink Portal in Q3, enhancing their digital lending capabilities. This portal streamlines loan and deposit applications, allowing for a robust and customizable user experience across devices. The company's offerings are central to the ongoing digital transformation in the financial services industry, helping institutions meet consumer demands. MeridianLink serves over 1,900 clients, boasting a strong presence among the top financial institutions in the U.S.