Open Solutions Louis Hernandez Selected as One of Bank Technology News Top 25 Innovators and Inducted into Hall of Fame

Chairman and CEOs Progressive Approach to Core and Information Processing Gains Industry Recognition

Open Solutions' Louis Hernandez Selected as One of Bank Technology News' Top 25 Innovators and Inducted into Hall of Fame (Photo: Business Wire)

GLASTONBURY, Conn.--()--Open Solutions Inc., a leading provider of integrated enabling technologies for financial service providers across the United States, Canada and international markets, announced that Open Solutions Chairman and CEO Louis Hernandez, Jr. was selected by Bank Technology News as one of The Innovators 2007, an annual ranking of the 25 most advanced people, companies and technologies in the financial industry. Hernandez was also one of the first 10 inductees into The Innovators Hall of Fame. Recognized for his aggressive and innovative approach to open-architecture core processing technology strategies, Hernandezs vision has led Open Solutions to become one of the premier providers within the financial services marketplace with a global base of more than 5,800 clients, 2,100 employees and revenues of more than half a billion dollars.

Innovation continues to affect the way that banks operate and address emerging opportunities around the globe, said Holly Sraeel, editor in chief of Bank Technology News. The impact of technology on financial institutions has altered the way they interact with customers, giving retail, small businesses and large corporations access to a vast array of choices on how, when and where they conduct their financial business. The full ranking is featured in the November 2007 issue of the publication, and the entire list can be viewed at www.banktechnews.com.

The magazine recognized Hernandezs competitive spirit and credited his vast experience with technology start-up companies for much of the success garnered at Open Solutions while under his leadership. Hernandez and his experienced senior management team continue to lead the company as it focuses on addressing the broadening technology needs of financial intuitions throughout the world. Open Solutions continues to provide the types of innovative products and services that financial institutions need to better compete in todays highly competitive financial services industry. Further setting Open Solutions apart in the marketplace is the companys innovative leading-edge open relational technology architecture, real-time processing capabilities and full featured product line.

Earlier this year, Bank Technology News magazine recognized Open Solutions as one of the Ten Technology Companies to Watch. Additionally, under Hernandezs leadership, Open Solutions was recognized by both American Banker and the Wall Street Journal as a leading technology provider in the financial services sector. The company has been named to the Connecticut Technology Councils Fast 50; the Deloitte & Touche Technology Fast 500; and American Banker and Financial Insights FinTech 100.

Open Solutions Chairman and Chief Executive Officer Louis Hernandez, Jr., said, I am honored to be recognized as one of this years top Innovators and to be inducted into the Innovators Hall of Fame. I am proud to be part of such an innovative and progressive organization as Open Solutions as we continue to demonstrate our commitment to develop, enhance and deploy innovative products that help our clients operate more efficiently and strategically. Despite our rapid and dramatic growth, we maintain a personal approach and provide customized service that our clients have come to depend upon and on which our reputation was built. I share this recognition with our entire staff and client family who have embraced technology as an innovative means to solve traditional business challenges and optimize operational processes.

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 todays 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 2007. Open Solutions Inc. All rights reserved.

Editors 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.

Contacts

Open Solutions Inc.
Marvin (Mickey) Goldwasser
860-652-3153
mgoldwasser@opensolutions.com
or
Media Contact for Open Solutions
Andrew McCaskill
678-781-7210

Contacts

Open Solutions Inc.
Marvin (Mickey) Goldwasser
860-652-3153
mgoldwasser@opensolutions.com
or
Media Contact for Open Solutions
Andrew McCaskill
678-781-7210