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Open Solutions completes Fincentric acquisition

10 May 2007  |  1719 views  |  0 Source: Open Solutions

Open Solutions Inc., a leading provider of integrated data processing technologies for banks, credit unions and other financial services providers across the United States, Canada and other international markets, announced it has completed its acquisition of Canadian-based Fincentric Corporation, a leading provider of core retail banking and customer value management software to the global financial services industry.

Open Solutions believes this transaction will further enable it to expand its product offerings and presence in the Canadian and global marketplaces. As previously announced, 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.

"We are very pleased to announce the completion of this acquisition and delighted to welcome the employees of Fincentric Corporation and their clients into the Open Solutions family," said Louis Hernandez, Jr., chairman and CEO of Open Solutions. "We look forward to working closely together to further expand our company's market presence and reach within the global financial services industry. We intend to leverage each organization's strengths and experience to develop additional product offerings, new technologies and applications. Together, we are committed to Open Solutions' ongoing efforts to offer industry-focused proactive solutions designed to help financial services providers better compete, and provide superior products and services to their customers."

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