Open Solutions and Elan Financial Services Announce Strategic Partnership; Partnership to Provide ATM and Debit Processing Solutions

Business Wire, Oct 6, 2005

GLASTONBURY, Conn. -- Open Solutions Inc. (NASDAQ: OPEN), a provider of integrated enabling technologies for community financial institutions across the United States and Canada, has signed a strategic partnership agreement with Elan Financial Services by which Elan will supply ATM and debit processing solutions to Open Solutions' clients. As part of this partnership, Open Solutions will also be able to refer clients to Elan for credit card programs and merchant services.

"Having the opportunity to partner with and provide Open Solutions' clients a wide array of payment processing solutions is a mission that Elan is looking forward to fulfilling," said Jan Estep, EVP and business manager of Elan Financial Services. "Open Solutions' focus on service and helping its clients function more competitively closely aligns with Elan's client support strategy. By offering innovative transaction processing solutions, along with access to the nation's fastest growing surcharge-free ATM network, Open Solutions and Elan can better meet the needs of financial institutions and help them garner and serve a greater share of the financial services market."

Open Solutions provides software and services that perform data processing and information management functions for more than 3,600 financial institutions in the U.S. and Canada. Its complementary products can be sold individually or as part of a fully integrated suite.

"Open Solutions relies on the strength of outsourcing partners such as Elan to enable our clients to reduce their operating expenses, increase their processing efficiency and support their strategic vision," said Mike Nicastro, SVP, marketing and product management for Open Solutions. "Elan has demonstrated a strong commitment to quality and an understanding of the unique needs of financial institutions. We believe our clients, as well as their customers and members, will benefit from access to the robust mix of financial products and services that Elan provides and we welcome this partnership."

About Elan Financial Services

Elan Financial Services provides a complete range of products and services including credit card issuing, ATM, debit card and merchant processing. Elan offers a full range of ATM services to financial institutions and independent sales organizations including authorization processing, terminal driving and switching services. These services are conducted through a wide array of network options with all the necessary card management and support functions creating an easy to manage card program for financial institutions. Through the recent acquisition of Genpass, Elan now provides processing services for more than 31,000 ATMs nationwide and support for more than 18 million ATM and debit cards. Elan also provides membership in the Fastbank ATM network, which includes deposit-sharing ATM locations and Fastbank Free, the surcharge-free option. Likewise, Genpass operates MoneyPass, the nation's third largest surcharge-free ATM network.

Elan also bolsters debit programs for financial institutions by offering their cardholders a payment option that is accepted worldwide, convenient, more flexible than checks and safer than carrying cash. For the financial institution, that means increased revenues, decreased expenses and reliable delivery. Elan provides full-service support and management tools, which are secured with a unique Service Guarantee, to more than 2,900 financial institutions. For more information call 1.800.343.7064 or visit elanfinancialservices.com.

About Open Solutions Inc.

Open Solutions Inc. offers a fully featured strategic product platform that integrates core data processing applications built on a single centralized Oracle(R) relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, electronic image/item processing, Check 21, interactive voice response, and payment and loan origination solutions. Open Solutions' full suite of products and services is designed to allow banks, thrifts and credit unions in the United States and Canada 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, 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. (R) is a registered trademark of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2005 Open Solutions Inc. All rights reserved.

Safe Harbor Statement

Statements made in this press release that state Open Solutions Inc.'s or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. All forward looking-statements are only as of the date of this press release and Open Solutions Inc. undertakes no obligation to update or revise them. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause Open Solutions Inc.'s actual results to differ materially from those projected in such forward-looking statements. For example, we utilize certain key technologies from third parties, and may be unable to replace those technologies if they become obsolete or incompatible with our products. Factors which could cause our actual results to differ materially from those projected in forward-looking statements include, without limitation, economic, competitive, governmental and technological factors affecting the banking and credit union industry and/or Open Solutions Inc.'s operations, markets, products, services, prices and other factors set forth under the heading "Factors Affecting Future Operating Results" in Open Solutions' Quarterly Report on Form 10-Q for the three months ended June 30, 2005, as filed with the Securities and Exchange Commission.