Open Solutions Inc. · Glastonbury, CT United States

Open Solutions' software helps run the till for small and midsized banks and credit unions. The company's processing systems manage customer service, payroll processing, and year-end reporting. It also offers hosted software that enables banks to provide online services such as account information and management, electronic bill payment, and funds transfer. The company also offers tools that integrate with its core systems, including applications for online procurement, business intelligence, check imaging, financial accounting, and interactive voice response. In early 2007 Open Solutions was acquired by Providence Equity Partners and the Carlyle Group in a deal valued at about $1.3 billion. To read the full description, subscribe now.