Open Solutions Boosts Technology Offering withAcquisition Internet Banking Product Suite.

Business Editors

GLASTONBURY, Conn.--(BUSINESS WIRE)--June 22, 2000

Financial Services, E-commerce & Internet banking provider

expands features and market share

Open Solutions, a provider of integrated enterprise, Internet banking and e-commerce solutions

for community banks and credit unions, announced that it has acquired the e-commerce product line of Atlanta-based NDC eCommerce, a provider of electronic commerce and Internet banking solutions. Open Solutions will acquire the company's Internet Banking and "Bank on It" product suites in exchange for cash and stock.

The newly acquired technology will be rolled into Open Solutions' Open Community Network (OCN) e-commerce model, a set of enabling software and services designed to strengthen and better manage customer relationships and generate new profitable revenue streams for community banks and credit unions. Open Solutions' current technology will benefit most significantly from the product's commercial cash management suite. Additional incentives for the acquisition were the extensive online Web customization functionality and an expanded market share, primarily on the West Coast. Open Solutions will also absorb NDC eCommerce's current Internet banking clients and prospects.

Chairman and CEO of Open Solutions, Louis Hernandez, said, "Open Solutions continues to grow and expand. With the recent launch of Level II of The Open Community Network, we've extended our e-commerce offering to completely change the way community financial institutions value the Internet. With this product line acquisition, Open Solutions is able to increase market share and continue to add features and functionality to our current signature solutions."

"This acquisition will enable Open Solutions to field a stellar e-commerce product suite," said Mike Nicastro, vice president of Marketing and Business Development. "When integrated with the current features of the Open Community Network, community financial institutions have an e-commerce solution that speaks to all of their consumer and commercial end users' needs.

About Open Solutions

Open Solutions Inc. offers the Open Community Network (OCN) a comprehensive technology platform that integrates electronic commerce with Internet banking and enterprise processing applications. OCN consists of three primary components:

e-Commerce Mart(TM)(eCM), an electronic commerce platform facilitating business-to-business and business-to-consumer transactions between nationally recognized partner-suppliers and a financial institution's customers in addition to promoting a financial institution's unique local identity.

e-Commerce Banker(TM)(eCB), a fully featured Internet banking product specifically designed to provide a financial institution's end-users with a trusted access point to financial information.

The Complete Banking Solution(R)(TCBS) and The Complete Credit Union Solution(R)(TCCUS), OSI's open architecture real time relational database enterprise processing applications that support a financial institution's entire core processing requirements.

OSI's combination of enterprise processing applications, electronic commerce and Internet banking enables community banks and credit unions to use technology and the Internet to expand their customer relationships and generate new, profitable revenue streams.

For more information on Open Solutions, or its financial product line, contact Michael Nicastro at (860) 652-3158, via fax at (860) 652-3156, or email mnicastro@opensolutions.com. Visit its Internet site at (www.opensolutions.com).