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FOR IMMEDIATE RELEASE
Contact:
Marvin (Mickey) Goldwasser
Open Solutions Inc.
860.652.3153
mgoldwasser@opensolutions.com
--European financial
institutions gain access to open, enterprise-wide data processing
solution--
GLASTONBURY,
Conn., June 11, 2008 – Open Solutions Inc.®, a leading
provider of integrated enabling technologies for financial services
providers across the world, announced a European strategic teaming
alliance partnership agreement with Hewlett Packard (HP), a technology
solutions provider to consumers, businesses and institutions globally.
The agreement will enable Open Solutions to further market its
sophisticated suite of enterprise technology solutions to European,
Middle Eastern and African (EMEA) financial institutions.
Under the
current terms of the agreement, all Open Solutions products and services,
including The Complete Banking Solution®: DNA/The Complete
Credit Union Solution®: DNA, relationship core processing system,
will be delivered through the HP direct sales and reseller network across
Europe. As a reseller, HP will have the ability to provide Open
Solutions’ products and sublicense Open Solutions’ relational
enterprise data processing solutions and integrated ancillary products.
HP will be responsible for implementing, customizing, localizing and
supporting the products covered by this agreement. Both companies have
created sales and marketing teams as well as co-marketing programs to
better reach and support customers around the world.
Vice
President, Financial Services Industry for EMEA HP, Nicola Aliperti,
said, “As the leading core banking provider in the European market,
we are pleased to partner with Open Solutions, the leading innovator of and
proven provider of core technology in North America. This joint agreement
will give small to mid-size financial institutions an advantage in the
market. Even with a limited budget, these institutions will now have
access to a sophisticated, open database core banking system.”
Open
Solutions continues to expand its international presence through
strategic reseller and marketing agreements. Just last month, the company
announced a partnership with Senior Solution, a leading Brazilian
software and services provider with a retail banking client base within
the Latin American financial services marketplace. Open
Solutions has also formed several other strategic international
partnerships, 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., and Mexico-based Hildebrando.
Open
Solutions Senior Vice President of International Operations Wayne Ginn,
said, “We consider HP a leader within the industry and are pleased
to partner with such a respected company with a proven presence in Europe. HP has extensive reach in the global market and strong implementation expertise.
We’ve experienced tremendous growth globally and look forward to
bringing our world-class technology solutions to the EMEA region.”
With growing
competition among international financial institutions, there is an
increased demand for technology platforms that contribute to and
accommodate growth, as well as enable these organizations to offer more
personalized products and services. Open Solutions’ relational
database technology suite was designed to be an open architecture
application, providing both domestic and international financial service
providers the advanced functionality and technology needed to run an
agile, person-focused institution.
Open
Solutions Chairman and CEO Louis Hernandez, Jr., said, “This strategic
alliance with HP further complements Open Solutions effort to establish
itself as a global leader in the financial services marketplace.
HP’s vision and proven expertise will play an integral role in our
expansion into the European market. In the current global economy,
institutions are realizing the need to move beyond traditional legacy
systems to more open, sophisticated platforms. We look forward to working
with HP to introduce Open Solutions’ relational core data
processing platform and integrated product suite to the EMEA
market.”
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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