Open Solutions Inc.(R) and Rosetta Technologies(R) Announce Partnership; Companies Partner to Provide Advanced Software for Printing and Managing IRDs and Image Cash Letters

Open Solutions Inc.(R) and Rosetta Technologies(R) Announce Partnership; Companies Partner to Provide Advanced Software for Printing and Managing IRDs and Image Cash Letters. Check it out:
GLASTONBURY, Conn. --(Business Wire)-- Sept. 21, 2006 -- Open Solutions Inc., (NASDAQ: OPEN) a provider of integrated enabling technologies for financial services providers across the United States, Canada and international markets, and Rosetta Technologies Corporation, Tampa, Fla., a leader in secure enterprise printing solutions, announced they will partner to provide enhanced software and MICR laser printers for the printing and management of image replacement documents (IRDs) or substitute checks for the new Check 21 initiative.



With the addition of the Rosetta Technologies functionality to Open Solutions' imaging and item processing product mix, banks and credit unions processing items in-house can print cash letter and IRDs--giving Open Solutions' clients the best of either alternative. "This relationship is unique in that Open Solutions is not only going to resell Rosetta Technologies solutions in a traditional value-added reseller capacity, but Open Solutions is already an end-user of our IRDPrint (TM) solutions in their item processing sites," said Rob Hullar, president of Rosetta Technologies. "We believe Open Solutions is a powerful business partner and they have demonstrated a proven ability to leverage this type of relationship to offer the market solutions both as a value-added integrator and as a service provider for its clients who choose to outsource item processing to them."

"Imaging has the power to dramatically reduce operating expenses for community financial institutions," said Mark Ryan, vice president and general manager, Open Solutions Imaged Payment Technologies. "Institutions have to be advanced enough to leverage image solutions to reduce cost, improve quality and service. Yet they have to be flexible enough to process paper, data and images. Open Solutions offers our clients the options they need to clear items - via paper or electronically - no matter what stage of technological evolution an institution may be in."

Mike Nicastro, Open Solutions' SVP and chief marketing officer, said, "Check 21 is changing long-standing operational strategies within our industry. For those clients looking to stay in front of the competition, our products, services and partnerships give them that choice. Our relationship with Rosetta Technologies allows our clients the opportunity to move even further into the electronic payments world. We believe our technology offers community financial institutions the options and the confidence to adopt new strategies and product offerings at their own pace."

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 and Canada 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. For more information about Open Solutions, or its financial product line, contact Mickey Goldwasser by email at [email protected], by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions' Internet site at www.opensolutions.com.

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 2006 Open Solutions Inc. All rights reserved.

About Rosetta Technologies

Rosetta Technologies Corporation has been developing MICR printing solutions since the early 1990s. As a total solution leader for enterprise check printing, the Company delivers a full-service product set for business-critical applications such as check printing and secure documents. The Company's offerings include a complete family of MICR laser printers from 37 to 276 IRDs-per-minute engineered by Rosetta Technologies for ANSI compliant MICR output, software packages for electronic document creation, output management and disbursement, post processing equipment, supplies, and electronic document creation services. On the Web: www.rosettatechnologies.com.

Safe Harbor Statement

Statements made in this press release that state Open Solutions Inc.'s or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. All forward looking-statements are only as of the date of this press release and Open Solutions Inc. undertakes no obligation to update or revise them. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause Open Solutions Inc.'s actual results to differ materially from those projected in such forward-looking statements. For example, if we fail to adapt our products and services to changes in technology or in the marketplace, we could lose existing clients and be unable to attract new business. Factors which could cause our actual results to differ materially from those projected in forward-looking statements include, without limitation, economic, competitive, governmental and technological factors affecting the banking and credit union industry and/or Open Solutions Inc.'s operations, markets, products, services, prices and other factors set forth under the heading "Factors Affecting Future Operating Results" in Open Solutions' Quarterly Report on Form 10-Q for the three months ended June 30, 2006, as filed with the Securities and Exchange Commission.

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.
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