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Home > Company Index > Computer Software & Services > Corporate, Professional & Financial Software > Open Solutions Inc.

Open Solutions Inc.
 PROFILE
Open Solutions wants to hold open Internet doors for small and midsized banks and credit unions. The company's hosted software offerings include e-Commerce Banker, which lets banks provide such services as account information and management, bill payment, and funds transfer over the Web. Its Complete Banking and Credit Union Solution processing system manages customer service, payroll processing, and year-end reporting. The company also makes a companion online procurement system (e-Commerce Mart), and offers training and database conversion services. Open Solutions sells primarily to small banks in the Northeast. Investors include HNC Software, Axiom Venture Partners, and Menlo Ventures.

 COMPETITION
Digital Insight Corporation (DGIN)
Netzee, Inc. (NETZ)
Online Resources Corporation (ORCC)

 DEALS
Deal: Open Solutions Secures $20 Million in Mezzanine Investment
Date Announced: 03.17.00
Value of transaction (US $Mil): 20
Description: Financial solution provider for community banks secures $20 million investment.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 20.00
1-Yr. Sales Growth: 42.3%
Employees: 225
Revenue per employee: $88,888.89

 KEY PEOPLE
• Louis Hernandez
    CEO
• John S. Wieczorek
    CFO

 CONTACT INFO
300 Winding Brook Dr.
Glastonbury, CT 06033
US
Phone: 860-652-3155
Fax: 860-652-3156
Online: Web Site

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