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FOR IMMEDIATE RELEASE
Contact: Marvin (Mickey) Goldwasser
Open Solutions
Inc.
860.652.3153
mgoldwasser@opensolutions.com
— Innovative Financial Services
Provider Appoints Technical and
Operational Expert to Executive Leadership Team —
GLASTONBURY, Conn., Nov. 13, 2008 – Open Solutions Inc.®, a leading
provider of integrated enabling technologies for financial services
providers throughout the United States, Canada and other international markets, announced the addition of
Stephen J. Cameron to its executive leadership team, as president.
In this newly created position, Cameron
will report directly to Louis Hernandez, Jr., Open Solutions chairman and
CEO. Bringing extensive experience in leading technology and
service-based organizations, Cameron will be responsible for overseeing
Open Solutions’ day-to-day tactical operations, processes and
company-wide organizational efficiencies. The addition of the role of
president dedicated to the general day-to- day management of the company
further enables Hernandez to focus on overall corporate direction,
strategic initiatives and future growth strategies, as well as his
ongoing interactions with Open Solutions’ senior level client
executives and their boards of directors.
“As Open Solutions continues to
grow, we continue to structure our organization to strategically manage
our client growth and the increasing scale of our company,” said
Hernandez. “As always, we remain fully committed to serving the
financial services industry and dedicating the appropriate resources to
best address the needs of our clients and the industry. The addition of
Stephen’s operational experience and management skills will
complement our strong senior management team and further help us to
execute our operational initiatives, objectives and goals.”
Cameron brings to Open Solutions more than
20 years of experience leading technology and services-based
organizations. He joins Open Solutions from Siemens IT Solutions and
Services, Inc., a global end-to-end provider of solutions and services in
information and communications technology, where he served as chief
operating officer/SVP of North American Outsourcing Services. In that
role, he was responsible for the entire North American Managed Services
business unit including full P&L responsibility of approximately $700
million, management of more than 5,000 employees, as well as the management
and support of key Fortune 500 U.S. clients. In 2000, Siemens’
acquired ENTEX Information Services, where Cameron held the position of
senior vice president of National Services and was responsible for all
aspects of the company’s managed and operational services
portfolio. He was also responsible for all National Field Service
personnel and service operations. Prior to ENTEX, he was with
Businessland for seven years before its merger with JWP, which through a
management buyout led to the formation of ENTEX.
“I am very impressed with what I see
at Open Solutions,” said Cameron. “It is a company dedicated
to the financial services industry and truly focused on making a
difference for its clients. They have garnered an excellent reputation in
the industry by providing a comprehensive suite of enabling technologies,
software and services. My entire career has been client-oriented and
service-based, driving performance excellence and dedicated to a
solutions-oriented operational philosophy. I am excited to be joining
such an innovative and world-class organization and I Iook forward to
assisting Open Solutions in its continued success within the industry.
“Stephen brings a wealth
of experience and a proven track record of managing a large, successful
and growing organization to Open Solutions and our executive management
team,” continued Hernandez. “His demonstrated client-focus,
commitment, service-oriented ‘can do’ attitude and management
style will fit right in with Open Solutions’ culture. We are a
company born out of innovation that grew through service and continued
investment in our product line, as demonstrated by the release of DNA the
next generation of our industry leading relational core product. The
addition of Stephen to the team continues our commitment to superior
service, operational refinement, investment and steadfast dedication to
our clients. He will complement my own efforts as I continue to
concentrate on our growth objectives, innovation, overall market strategy
and strategic initiatives for the future. Stephen will have a positive
impact on our overall business efforts. On behalf of the entire
organization, I am pleased to welcome Stephen to Open Solutions.”
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@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.
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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.
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Copyright ©2008 Open Solutions Inc. All rights
reserved.
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