Open Solutions, uMonitor Partnership Provides Online Account Opening and Funding & Money Transfer Services to more than 20 Financial Institutions

GLASTONBURY, Conn. & MEMPHIS, Tenn., April 28, 2009 - Open Solutions Inc.®, a leading provider of integrated enabling technologies for financial service providers throughout the United States, Canada and other international markets, and uMonitor, the innovative financial solution services provider for banking customer acquisition and retention, today announced that more than 20 financial institutions have selected their integrated services to better meet their needs.

Harleysville Savings Bank, Canandaigua National Bank and Trust Co., CDC Federal Credit Union and Meritrust Credit Union (formerly Boeing Wichita Employees Credit Union) are among the many joint clients who have recently leveraged the Open Solutions, uMonitor partnership. By adding uMonitor’s uOpen & uFund®, the online account opening and funding solution, and uTransfer®, the account-to-account money transfer solution to Open Solutions' comprehensive online banking, check imaging, loan origination applications or core processing platforms, these financial institutions now have a robust end-to-end online delivery solution for on-boarding new clients while retaining existing clients with deeper relationships.

Open Solutions' and uMonitor's integrated solutions facilitate expansion of the self-service model with enhanced online banking services for both banks and credit unions. This strategic relationship has evolved over the years to accelerate the adoption of new services for the benefit of their mutual clients.

"We adhere to the highest quality standards when considering a third-party solution to recommend to our clients, and uMonitor has proven technology that is not only reliable, but also timely and advantageous in today's challenging marketplace," said David Mitchell, SVP & CMO, Open Solutions. "Our clients need solutions that provide new business opportunities as well as operational efficiencies. uMonitors' solutions, coupled with our easy to integrate open technology, can help clients maintain a competitive edge in a quick and easy manner."

"We are delighted to offer our clients such a strong partnership, enabling them to benefit from Open Solutions' extensive product suite as well as our uOpen & uFund®, uSwitch® and uTransfer® solutions," said Dinesh Sheth, CEO of uMonitor. "Our two companies bring an array of trusted and proven solutions that help banks and credit unions flourish by improving operational efficiencies, bringing in more deposits, originating more loans, switching more relationships and ultimately becoming their primary financial institution."

About Open Solutions Inc.
Open Solutions Inc. offers a fully-featured strategic information management product platform that integrates core processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, technology services, HSAs, payments 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, Canada and internationally 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, contact Deborah Katz at deb.katz@opensolutions.com,phone 860.815.5385 or fax 860.652.3156. Visit Open Solutions on the Web at www.opensolutions.com.

About uMonitor - Parsam Technologies
uMonitor financial technologies offer a wide range of online solutions specifically designed to help financial institutions provide the most up-to-date services. These highly configurable and customizable solutions enable financial institutions to increase profitability, generate revenue, improve regulatory compliance, and improve employee productivity while reducing costs. uMonitor technologies include New Account Setup and Online Funding with Switch Kit, New Loan Application Processing, Funds Transfer Service, Bill Presentment and Payment Solutions, Premium Account Aggregation Service, Document Management System, Advisor-Client Relationship Management and other services. The company’s growth and success were recognized by its inclusion on the 2008 Inc. 5000 list.

For more information on uMonitor or its solutions, contact Gillian Smoot at gsmoot@umontitor.com, call 901.757.1212 ext. 7115 or visit the company on the Web at www.umonitor.com


Parsam Technologies , LLC
3197 Players Club Parkway
Memphis, Tennessee 38125

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