Open Solutions Inc.

FOR IMMEDIATE RELEASE

Contact: Marvin (Mickey) Goldwasser
Open Solutions Inc.
860.652.3153
mgoldwasser@opensolutions.com

Open Solutions and Evolution Benefits Partner to Expand Product

Offering to Mutual Clients

Glastonbury and Avon, Conn., April xx, 2008 – Open Solutions, Inc.®, a leading provider of integrated, enterprise-wide data processing technologies for banks and credit unions, and Evolution Benefits, the technology leader in electronic benefit payment services, announced they will partner to expand their product offerings for their mutual clients. Under the agreement, the Evolution Benefits benefit card management system will be integrated with the Open Solutions processing system for health savings accounts (HSAs).

The integration will allow Open Solutions to offer banks and other custodians a stacked card solution. Evolution Benefits and Open Solutions will build the technical integration to support flexible spending accounts (FSAs), health reimbursement arrangements (HRAs) and HSAs. This will also allow Evolution Benefits to expand HSA custodial offerings to third party administrators (TPAs) for employers. These trustees provide the financial backing needed for HSAs.

“Evolution Benefits is at the forefront of the benefit cards industry in terms of their products, service and technology,” said Chris Jackson, vice president, Product & New Business Development, Corporate Financial Solutions (CFS), Open Solutions. “Partnering with them was a logical value-added step and will prove to be very convenient for our business process outsourced clients.”

“Partnering with one of the most respected organizations serving the financial services sector will allow us to expand our trustee options for our TPA partners,” said Chris Byrd, Evolution Benefits’ executive vice president of Operations and Development. “It also allows us to become the stacked card solution for Open Solutions’ business process outsourced clients. This partnership brings together two recognized leaders in the health benefits administration and payment market.”

“We are always looking for state-of-the-art service options for our clients,” said Rob Pinataro, vice president and general manager, CFS, Open Solutions. “Our alliance with Evolution Benefits will give our HSA clients the ability to offer their customers an industry-leading electronic benefit payment solution.”

Evolution Benefits’ card offers participants a convenient method to access benefit accounts. The company pioneered multi-account stacking in the healthcare card market in 2002 and offers the most robust capabilities in the market. Another advantage of the innovative card technology is its patented auto-substantiation methods that significantly reduce the amount of paperwork for participants.

About Evolution Benefits:

Evolution Benefits, Inc. is the industry leader in electronic benefit payment solutions for the employee benefits market. Its primary product, the Bennyä prepaid benefits card, applies advanced payment and patented auto-substantiation technologies to health-related benefits accounts such as Flexible Spending Accounts, Health Reimbursement Accounts, and Health Savings Accounts. Evolution Benefits auto-substantiation technologies were patented in 2007 and other patents are pending. The company now powers the programs of more than 175 health plan and administrative services organizations and covers more than 7,700 employers, including 60 of the nation’s top-ranked Fortune and Forbes companies. For more information, visit www.EvolutionBenefits.com.

About Open Solutions

Open Solutions Inc.® is a leading provider of integrated enabling technologies for financial service providers in the United States, Canada and internationally. 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 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.

###

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.

###

To ensure delivery to your inbox,
please add pressreleases@opensolutions.com to your address book.