Open Solutions Named to the 2009 Inc. 5000 for Second Consecutive Year

Recognized for 122 percent three-year sales growth by Inc. magazine

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 2009 Inc. 5000 for a second consecutive year for achieving a three-year sales growth of more than 122 percent. Inc. 5000 is an extension of Inc. magazine’s annual Inc. 500 list, showcasing America’s independent-minded entrepreneurs. The private companies on this year’s list are also responsible for creating more than 55,000 jobs since their founding, making the Inc. 500 perhaps the best example of the impact private, fast-growing companies can have on the overall U.S. economy.

“If you want to know which companies are going to change the world, look at the Inc. 500,” said Inc. editor Jane Berentson. “These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”

Open Solutions was also included in several Top 100 lists including the Top 100 Inc. 500|5000 Companies by Revenue; Top 100 Inc. 5,000 Companies by Employees; and Top 100 Inc. 5,000 Companies by Gross Dollars of Growth.

Over the last several years, Open Solutions has rapidly expanded, initiating a four-part transformation in 2007 to position the company for the next 10 to 15 years. The company invested more than $40 million in its systems, technology, people and infrastructure as well as functionalized major business units to ensure stability and consistency for clients. This year marks the start of the Open Solutions’ final transformation phase and the company expects exponential growth during the remainder of 2009 and into 2010 and beyond.

“Our inclusion in the Inc. 5000 for a second consecutive year as well as several Top 100 lists is a testament to Open Solutions’ commitment to the financial services industry and to the success of our transformation,” said Louis Hernandez, Jr., Open Solutions’ chairman and CEO. “As a result of the investments we’ve made since 2007, we’re seeing higher quality and better service across all product lines. The momentum has continued from 2008 into 2009 in the number of clients adopting the DNA platform, and by the end of the year all of our U.S. TCBS/TCCUS core clients will be running DNA. We are committed to our clients and continue to provide innovative technology to help financial institutions better compete in today’s marketplace and provide excellent products and services to their clients.”

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.

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 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.

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.
Deborah Katz, 860-815-5385
VP, Corporate Marketing
deb.katz {at} opensolutions(.)com
or
Media Contact for Open Solutions
Andrew McCaskill, 678-781-7210
www.opensolutions.com