Innovative approach to core and information processing gains industry recognition

GLASTONBURY, Conn.--Open Solutions Inc., a leading provider of integrated enabling technologies for financial service providers across the United States, Canada and international markets, announced that it was recently named by Bank Technology News as one of the “Ten Technology Companies to Watch.” Working with more than 5,800 financial institutions, Open Solutions was recognized for its innovative approach to core data processing, self-described as taking a “marketing approach to business transaction processing.”

"The challenges that banks face are legion. Meeting them takes intelligence, creativity, innovation. Banks that look for intelligent and creative tools – smart solutions across a variety of disciplines – from the most forward-thinking technology companies are reaping the rewards,” said Holly Sraeel, editorial director of Bank Technology News. The full ranking is featured in the August 2007 issue of the publication, and the entire list can be viewed at www.banktechnews.com.

“We are honored to be recognized as one of the top 10 technology companies to watch,” said Mike Nicastro, SVP and chief marketing officer of Open Solutions. “Celebrating its 20^th year in distribution, Bank Technology News (BTN) is a widely read and highly respected publication within the financial services industry. BTN’s recognition of Open Solutions further affirms our mission to provide a relationship-based and open-architecture product platform that enables our clients to more effectively compete in today’s marketplace, as well as support their future growth needs. Our goal remains to provide innovative technology solutions that help financial institutions of all sizes meet their business objectives, while effectively cutting costs and improving customer relationships.”

Among Open Solutions’ industry-leading products are its relational core data processing platform, The Complete Banking Solution® (TCBS). Built on a powerful, centralized Oracle^® database, TCBS is designed as an open architecture application, creating the flexibility necessary for running a service-oriented financial institution. It helps banks streamline both front and back office processes and creates a centralized view of customers, employees and business partners. “The solution blasts through decades of legacy systems, silos and corporate culture to centralize data,” the magazine observed.

Open Solutions also offers a suite of image-enabled item processing products and services through the Imaged Payment Technologies Group, and a comprehensive array of complementary products and services such as Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, digital documents, interactive voice response, network services, payments and loan origination solutions.

Banks that recently joined the Open Solutions’ family of TCBS clients include $15 billion Flagstar Bank, $411 million Palm Desert Bank, $337 million Milford Bank and on the company’s imaging product line, $13.2 billion BancorpSouth Bank.

Open Solutions Chairman and Chief Executive Officer Louis Hernandez, Jr., said, “We have clearly demonstrated our commitment to partnering with our clients and the industry to develop innovative products that enable clients to operate more efficiently and strategically. We’re proud to be included in Bank Technology News’ list of the “Ten Technology Companies to Watch,” and we’re pleased to be recognized as a company that continues to revolutionize the industry as we pursue our goal to build and deploy technology solutions that optimize an institution’s business, allowing it to better and more efficiently serve customers and the marketplace. As our clients grow, they can rest assured that Open Solutions will support them in the years to come by providing scalable solutions designed to continually meet their evolving needs.”

About Open Solutions Inc.

Open Solutions Inc. offers a fully featured strategic information management product platform that integrates core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, network services, HSAs, payments and loan origination solutions. Open Solutions’ full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States, Canada and internationally to better compete in today’s aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.

For more information about Open Solutions or its financial product line, contact Mickey Goldwasser  by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions’ Internet site at www.opensolutions.com.