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NEWS RELEASE FOR IMMEDIATE RELEASE …

Tags: andera, cmo, consumer behavior, credit unions, dramatic acceleration, financial institutions, funding solutions, goldwasser, industry adoption, innovator, international markets, jennifer jensen, kroll, new accounts, nicastro, open solutions inc, opensolutions, processing technologies, solutions partners, top priority,
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Language: english
Created: Thu Jul 24 05:49:45 2008
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                              NEWS RELEASE
FOR IMMEDIATE RELEASE

Contact:
Marvin (Mickey) Goldwasser                                Andrew McCaskill
Open Solutions Inc.                                       Media Contact for Open Solutions Inc.
860.652.3153                                              678.781.7210
mgoldwasser@opensolutions.com                             andrew@williammills.com

Jennifer Jensen Kroll
Andera, Inc.
401.621.7900 x.32
jkroll@andera.com



      Open Solutions Partners with Andera to Offer Clients Online Account
                        Opening and Funding Solution
   GLASTONBURY, Conn. and PROVIDENCE, R.I., July 24, 2008 ­ Open Solutions Inc.®, an
   industry-leading innovator and provider of integrated, enterprise-wide data processing
   technologies for banks and credit unions throughout the United States, Canada and other
   international markets, announced today that it has partnered with Andera to offer a fully-
   integrated online account opening and funding technologies to Open Solutions' client base.
   Andera is a leading provider of online account opening and funding solutions to the financial
   services industry.

   As consumer behavior trends move toward the online channel, the ability to instantly open and
   fund new accounts electronically is increasingly becoming a top priority for U.S. financial
   institutions, and Celent analysts forecast a dramatic acceleration in the pace of industry
   adoption over the next three years.

   "Online account opening is of great interest to many of our clients. And, as is customary for our
   company, we want to offer our clients best-of-breed options that help them provide the products
   and services their customers and members want," said Mike Nicastro, SVP and CMO from
   Open Solutions. "By formalizing a partnership between our company and Andera, we are
   excited to offer our clients another solution that addresses the growing demand in the
   marketplace for online account opening and funding services."

   Andera's solution features an 8-10 minute process in which consumers can apply for, be
   approved for, open and fund multiple banking products in a single session. The solution
   includes critical features such as electronic signatures, real-time core integration, integration
   with a variety of third-party risk and data providers, intelligent cross-selling and funding via
   ACH, credit card or debit card. More than 200 financial institutions have selected the Andera
   platform including eight mutual clients with Open Solutions.

   "Open Solutions is recognized as a leader within the industry and their clients are among the
   most progressive and discerning financial institutions anywhere, with very high expectations for
   their technology platforms when it comes to integration and user experience," said Charlie Kroll,
   CEO of Andera. "Partnering with Open Solutions is a natural extension of our work with existing
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OPEN SOLUTIONS PARTNERS WITH ANDERA, 2




  mutual clients, and we are very excited about the significant potential now that we've formalized
  our relationship."

  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, 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 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, visit opensolutions.com.

  About Andera
  Andera is the #1 provider of online account opening and funding technologies for retail financial
  institutions, servicing over 200 progressive clients nationwide. Andera is headquartered in
  Providence, R.I. and can be found on the Internet at www.andera.com.

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  Open Solutions Inc. is a registered trademark of Open Solutions Inc. All other company and product
  names may be trademarks of their respective owners.