Tech Bytes: Texas Software Firm Consolidates Operations

Peerless Group Inc. said it is moving its operations to a facility in Allen, Tex.

Peerless, which provides software and outsourcing services to community banks, signed a 15-year lease for the 82,600-square-foot facility. It plans to move its operations in the first quarter of 1998.

"This new facility will allow the company to achieve efficiencies from the consolidation of its four existing sites into one," said Rod Armstrong, chairman and chief executive officer of Peerless. "Peerless Group has grown revenues 34% in each of the past two years, and we need to be positioned for continued market expansion."

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