Bringing extensive experience in new product development and strategic deployment, Desai will be responsible for overseeing Open Solutions' worldwide product development efforts. He will report directly to Louis Hernandez, Jr., Open Solutions' chairman and CEO.

"I was immediately impressed with the sophistication of Open Solutions' technology, as well as the enterprise-wide dedication to meeting its clients evolving needs," Desai said. "I share Open Solutions' passion for client-focused and solutions-oriented business philosophies. I look forward to becoming part of this world-class organization and leveraging my previous experience to help ensure the company continues to respond to the industry's needs with a series of advanced, yet flexible solutions."

Desai joins Open Solutions from Equifax, where he was senior vice president of technology responsible for leading the development of business and consumer data products and platforms for B2B and B2C customers. In his previous role at Equifax, he was responsible for setting up a Global Project Management Office, which established an application portfolio based project planning and management methodology for technology. Additionally, Desai was responsible for setting up the Global Development Center program for Equifax by establishing software development centers across the globe. Prior to joining Equifax, he was director of technology at Fujitsu Consulting, leading enterprise solution delivery for its clients.

"Rashid has a proven record in strategic product development and team management," said Hernandez. "His demonstrated record of success, management style and industry experience will be important in guiding and expanding our ongoing efforts to meet the growing demand for our technology products and services for our expanding client base - world-wide. His entrepreneurial spirit and innovative approach to launching new products and services has gained him industry recognition. Open Solutions has been able to continuously exceed our clients' expectations because of the successful team we've put together who share a common set of values and are focused on a consistent set of priorities. We are confident Rashid's track record for achieving exceptional results will continue with our organization. On behalf of the entire organization, I am pleased to welcome Rashid to Open Solutions."