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FOR IMMEDIATE RELEASE
Contact:
Marvin (Mickey) Goldwasser
Open Solutions Inc.
860.652.3153
mgoldwasser@opensolutions.com
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Latest reseller agreement provides open, integrated enabling financial
applications and technology to Brazilian market --
GLASTONBURY,
Conn., May 28, 2008 – Open Solutions Inc.®, a leading
provider of integrated enabling technologies for financial services
providers across the United States, Canada and internationally, announced
an international reseller partnership agreement with Senior Solution, a
leading Brazilian software and services provider for the financial
market.
Through this partnership,
Senior Solution will offer all Open Solutions’ products and
services, including The Complete Banking Solution®: DNA/The
Complete Credit Union Solution®: DNA, to its retail banking client
base within the Latin American financial services marketplace. The
platform seamlessly integrates with Senior Solution’s wholesale
banking system for treasury, brokerage and insurance markets.
“Historically, Brazilian banks had extremely fragmented
software environments,” said Aurimar (Harry) Cerqueira, commercial
director for Senior Solution. “For core processing, there are as
many as 50 separate products from numerous vendors. By offering an
integrated universal core from a single vendor like Open Solutions, our
financial institution clients will benefit from reduced support costs as
well as consolidated data. By partnering with Open Solutions, we will
provide just that.”
Open Solutions continues
to expand its international presence through strategic reseller agreements.
In early 2008, the company announced a partnership with Hildebrando, a
leading Mexican IT corporation with a strong presence in Spain that provides software development, systems integration, business intelligence and
outsourcing services. Open Solutions formed several strategic
partnerships throughout 2007, including: Thailand Equipment Research Co.
Ltd. (TER); Asian-based Solution Corner (SLC); Canadian-based Celero;
Asian-based CSII; Asian-based Thien Nam Information Technology;
India-based R Systems Inc.
Open
Solutions Senior Vice President of International Operations Wayne Ginn,
said, “The international marketplace is tremendously important to
us. As we continue with our market development within Latin America and
expand our overall global efforts, we are pleased to partner with Senior
Solution.”
“Open
Solutions’ partnership with Senior Solution exemplifies our
commitment to the Latin American regions,” said Open Solutions
Chairman and CEO Louis Hernandez, Jr. “Our agreement with Senior
Solution provider will serve to further expand our existing international
reach while also providing the Latin American market with a more
sophisticated open architecture platform option. This additional
partnership complements our recently announced partnership with Hildebrando,
an IT provider with significant presence in Mexico, Central America and Spain. Our goal is to partner with exceptional organizations throughout the world to
deliver innovative technology solutions and to provide an even wider
client base with the necessary tools to help them achieve their business
goals, provide the best in service and compete in an ever changing global
economy.”
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, 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 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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