Open Solutions Named to the 2008 Inc. 5000 Ranking

Recognized by Inc. Magazine for 314 percent sales growth over three years

Open Solutions Inc.®, a leading provider of integrated enabling technologies for financial services providers throughout the United States, Canada and other international markets, announced its inclusion in the 2008 Inc. 5000, an extension of Inc. magazine’s annual Inc. 500 list, for achieving a three-year sales growth of more than 314 percent. The list is the most comprehensive look at the most important segment of the economy — America’s independent-minded entrepreneurs.

“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”

In addition to the overall ranking, Open Solutions also landed in top spots in several sub-categories, including the Top 100 Inc. 5000 Companies by Gross Dollars of Growth; Top 100 Inc. 5000 Companies by Revenue; and Top 100 Financial Service Companies.

“Being included in the Inc. 5000 ranking is an honor and a testament to Open Solutions’ commitment to the financial services industry,” said Louis Hernandez, Jr., Open Solutions’ chairman and CEO. “Much of our success can be attributed to the trust and support of our clients, our strong commitment to our clients, an increased industry acceptance of our products in the U.S. and Canada and our international expansion through strategic partnerships in areas such as China, Brazil and Thailand. Even as the financial industry experiences unprecedented challenges and ever-changing times we have seen continued interest in our product offerings. In our core offering alone we have seen a 46% new core unit year-over-year (2007 to 2008) sales growth through the first two quarters of this year. At Open Solutions, we are as committed as ever to providing the financial services industry with innovative technology designed to allow financial institutions to better compete, achieve their business goals and serve their markets.”

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About Open Solutions

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, technology services, HSAs, payments and loan origination solutions. Open Solutions’ full suite of products and services allows banks, thrifts, credit unions and financial services providers across the world 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 email at mgoldwasser {at} opensolutions(.)com or by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions’ Internet site at www.opensolutions.com.

Open Solutions Inc. is a registered trademark of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2008. Open Solutions Inc. All rights reserved.

Editor’s Note: The correct usage of the company name, Open Solutions Inc., is either referring to it as Open Solutions Inc. or Open Solutions. Open Solutions no longer uses the acronym of OSI to refer to the company.

Contacts

Open Solutions Inc.
Marvin (Mickey) Goldwasser, 860-652-3153
mgoldwasser {at} opensolutions(.)com
or
For Open Solutions Inc.
Media Contact
Andrew McCaskill, 678-781-7210