Financial Services Provider to Further Expand its Global Market
Presence
GLASTONBURY, CONNECTICUT -- (MARKET WIRE) -- 04/05/07 -- Open
Solutions Inc.(R), a leading provider of integrated data processing
technologies for banks, credit unions and other financial service
providers across the United States, Canada and other international
markets, today announced it has signed a definitive agreement to
acquire Canadian-based Fincentric Corporation, a leading provider of
core retail banking and customer value management software to the
global financial services industry. This acquisition, which is
subject to final approval by Fincentric's shareholders, is expected
to close within the next 30 - 45 days. Open Solutions believes this
transaction will further enable it to expand its product offerings
and market presence in the Canadian and global marketplaces.
Fincentric will become part of Open Solutions Canada - which is
headed by its President, Blair Goulet. Fincentric will continue to
operate from its location just outside of Vancouver in Richmond,
British Columbia.

Open Solutions and Fincentric both serve the financial services
marketplace with an emphasis on providing financial institutions with
a distinct technological, service and competitive advantage.

"We believe that becoming part of Open Solutions will provide
Fincentric with an excellent opportunity to continue our success in
providing innovative solutions to the financial services
marketplace," said Robert Nygren, Fincentric Corporation's President
and CEO. "Open Solutions is highly recognized in the financial
services arena. They have garnered an excellent reputation in the
industry and have demonstrated focused leadership in proactively
meeting the technological and service needs of the industry and their
clients. We are looking forward to joining and working with Open
Solutions as we continue to serve the needs of the financial services
industry."

Open Solutions intends to leverage each company's strengths and
experience to develop additional product offerings, new technologies
and applications.

"Open Solutions and Fincentric share a common commitment to providing
the financial services marketplace with open, relational and
innovative products and services," said Blair Goulet, president, Open
Solutions Canada. "Fincentric also shares Open Solutions' outlook on
the importance of client service. They bring a financial industry
knowledgeable and highly-skilled employee base that will fully
complement our own efforts within the industry."

"We are very pleased to announce, today, our agreement to acquire
Fincentric Corporation," said Open Solutions Chairman and CEO, Louis
Hernandez, Jr. "Our two organizations are dedicated to serving the
ongoing needs of the financial services industry and the addition of
Fincentric to our team will further enable our company to expand our
market presence and reach within the financial services sector. With
all our acquisitions, we seek to add key strategic organizations that
allow us to meet our long-term strategic goals, complement our own
organic growth, culturally fit into our organization and enable us to
better serve the financial services industry. Fincentric, with a
similar business and technology oriented philosophy and a desire to
continually serve the needs of its clients and the marketplace, is
clearly such an organization. All of us at Open Solutions are looking
forward to welcoming Fincentric's employees and clients to the Open
Solutions family."

About Fincentric Corporation
Fincentric Corporation provides technology and services solutions
that help financial institutions automate key business processes to
drive operational efficiencies, increase revenues and improve
customer satisfaction. Our teams and our high-performance
technologies have been supporting well over 160 financial
institutions on 5 continents for more than 23 years. For more
information about Fincentric, please visit www.fincentric.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 relational database, with Internet banking,
cash management, CRM/business intelligence, financial accounting
tools, imaging, digital documents, Check 21, interactive voice
response, network services, Web hosting and design, and payment 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.

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) S. Goldwasser
(860) 652-3153
(860) 652-3156 (FAX)
Email: mgoldwasser@opensolutions.com
Website: www.opensolutions.com

Fincentric Corporation
Ruxandra Aldea
(604) 214-4988
Email: raldea@fincentric.com
Website: www.fincentric.com