Open Solutions Inc.

FOR IMMEDIATE RELEASE

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

BC-based Lake View Credit Union Selects Open Solutions’ Core Platform

–Member-centric technology aligns with credit union’s “members are key” philosophy–

GLASTONBURY, Conn., Aug. 7, 2008 – Open Solutions Inc.®, a leading provider of integrated, enterprise-wide data processing technologies for banks and credit unions throughout the United States, Canada and other international markets, announced that Lake View Credit Union has extended its long-standing relationship with Open Solutions Canada and has selected The Complete Credit Union Solution^® along with a comprehensive suite of Open Solutions’ complementary strategic products, as the advanced technology platform for enabling the credit union to better serve the growing needs of its members.

Lake View Credit Union has assets of more than $200CDN million and serves 15,500 members through three branches. This year, the credit union celebrated its 65^th anniversary of providing cooperative financial services to residents of British Columbia’s Peace Country. By adhering to the basic credit union tenet that “members are key” and using a combination of providing great member-focused service, great products and knowledgeable staff who go the extra mile the credit union has historically enjoyed consistent asset and membership growth.

Lake View CEO, Rene George, said, “We still continue to grow, but like many financial institutions in Canada, we’re now facing a much bigger field of competitors and our growth is harder won than ever before. To remain competitive, we have selected Open Solutions’ relationship-based technology to help us take our business to the next level – to make our already great service even better; enable us to provide innovative and relevant products to our members; and give our staff access to the information they need to more effectively cross-sell products and services. Open Solutions’ suite of technology products is well designed to address the issues and challenges financial institutions face in today’s very competitive market. More importantly, we believe The Complete Credit Union Solution is the leading core banking technology in the credit union market today because its fundamental structure echoes our basic principle: everything revolves around the member.”

The Complete Credit Union Solution is built on a powerful, centralized Oracle^Ò relational database designed to be an open architecture application, creating the flexibility necessary for running a service-oriented financial institution. It helps credit unions streamline both front and back office processes and creates a centralized view of members, employees and business partners.

“Our long-standing business relationship with Open Solutions Canada was a factor in our decision to select Open Solutions’ technology as our platform for the future and we look forward to expanding our relationship in the coming years,” continued George. Lake View Credit Union will continue using Open Solutions’ data centre for its data processing needs. In addition to The Complete Credit Union Solution, Lake View will also implement Open Solutions’ Financial Accounting Suite, Asset/Liability Management, ProfitVision™, Digital Document Systems and cView™ ReportWizard™.

Blair Goulet, president of Open Solutions Canada, said, “We are very pleased Lake View Credit Union is extending its business relationship with Open Solutions Canada and has chosen Open Solutions’ technology as the platform for its continued growth and success. By selecting The Complete Credit Union Solution, the credit union has demonstrated its commitment to providing the best products and services to its members. We congratulate Lake View on attaining its 65^th anniversary and look forward to working with the credit union as its technology partner in the years to come.”

“We take great pride when long term clients like Lake View Credit Union extend their relationships with Open Solutions by renewing their business, choosing to migrate to our latest core offering or by choosing to add one or more of our best-of-breed complementary products,” said Louis Hernandez, Jr., chairman and CEO of Open Solutions Inc. “We believe this is an endorsement of the job we have done as a partner and is a testament to our core mission of providing world-class products and services backed by superior client service. We are pleased to welcome Lake View Credit Union to our growing list of clients who are selecting Open Solutions’ advanced relationship-based technology to help them meet the challenges of the future. We value the trust and confidence long-time clients, such as Lake View, place in us as their technology partner and are committed to helping them succeed now and into the future.”

About Open Solutions Canada

Open Solutions Canada designs, builds, integrates and operates advanced banking and payment technologies for financial institutions, retailers, independent sales organizations (ISOs), third-party organizations and processing centers worldwide. Open Solutions Canada’s Payment Solutions Group supports and markets state-of-the-art, industry-standard payment transaction processing solutions internationally. The Payment Solutions Group operates one of the largest ATM and POS payment switches in Canada. In addition, it directly supports more than 30 Canadian financial institutions through a network providing shared cash transaction processing, ATM monitoring and 7/24 support.

About Open Solutions Inc.

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.

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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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