Open Solutions, Inc. Teams with JEMTECH Solutions, Inc. to Market Banking Technology; More Complete Banking Solutions Now Available to Banking Clients and Depositors

Business Wire, April 23, 2001

Business/Technology Editors

NEW YORK--(BUSINESS WIRE)--April 23, 2001

Open Solutions Inc. (OSI), a provider of integrated enterprise data processing, Internet Banking and e-commerce financial solutions and JEMTECH Solutions, Inc., an internationally recognized software solutions firm, have announced an arrangement in which OSI will market the JEMNET(TM) software solution to community banks and credit unions. Both Open Solutions and JEMTECH specialize in Internet solutions and technologies that better enable financial services institutions to derive maximum benefit from their information resources.

"We are pleased that Open Solutions, an established and nationally known banking technology systems provider, has chosen to partner with us. It is a testament to the quality of our document management, imaging and workflow solutions," said Donald Anderson, Vice President of Sales at JEMTECH. JEMTECH's information technology experts will work closely with the OSI sales force when marketing to prospective institutions.

Open Solutions' Vice President of Marketing and Business Development, Michael Nicastro said, "Open Solutions and JEMTECH recognize in each other a commitment to offering better services and functionality to the financial services sector. OSI is continuing its campaign to provide secure and affordable software solutions to community banks and credit unions. These solutions allow them to remain competitive and also maintain the trust and confidence they have earned in their communities.

According to Anderson, "The banking market recognizes the value that JEMNET brings to their business processes. Now that OSI represents our product offering, more banks have access to the complete technology solutions that both JEMTECH and OSI collectively provide."

About JEMTECH Solutions, Inc.

JEMTECH Solutions, Inc. is an internationally recognized software solutions firm specializing in the streamlining of information management challenges for a wide range of industries including financial services, real estate, manufacturing, healthcare and education. JEMTECH is the innovator of the JEMNET "barrier-free information highway" - a unique, cost-effective, software solution that captures and accesses all types of information from any desktop regardless of original file format or type. JEMTECH was founded in 1994 and is headquartered in New York City with offices in Massachusetts, New Hampshire, Illinois, Georgia and Maryland. For more information about JEMTECH Solutions, please call Don Anderson at 646-865-9800, via fax at 646-865-9898 or email danderson@jemtech.com.

About Open Solutions

Open Solutions Inc. offers the Open Community Network (OCN), a comprehensive enabling platform that integrates electronic commerce with Internet banking and enterprise core processing applications. OSI's full suite of products and services allows banks and credit unions to better compete in today's aggressive financial services marketplace and tap their trusted financial relationships, customer affinity, community presence and personalized service.

Open Solutions' combination of enterprise core processing applications, electronic commerce, cash management and Internet banking solutions enables community banks and credit unions to leverage technology to expand their customer relationships and capture more of the dollars in their market.

For more information on Open Solutions, or its financial product line, contact Michael Nicastro at 860.652.3158, via fax at 860.652.3156, or email mnicastro@opensolutions.com. Visit its Internet site at www.opensolutions.com.