| An SI Board Since July 1998 |
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| Emcee:
DD™
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Type:
Unmoderated
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Hoovers Description:
Software by Open Solutions is designed to address the core data-processing requirements of midsize banks and credit unions. The company's OSI System software supports deposits and loans, teller functions, home-based Internet banking, and platform automation. The OSI System also supports third-party applications such as check processing, automated teller machine transactions, and general ledger applications. Open Solutions sells its software through its direct-sales force, primarily to banks and credit unions in the Northeast. The cost of the OSI System ranges from about $140,000 to $1.5 million. The company also provides training and support services for its software.
Scheduled to IPO the week of 8/3/98.
DD
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