Corporate Profile for Open Solutions, dated March 24, 2000.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: March 24, 2000
Company Name: Open Solutions, Inc.
Address: 300 Winding Brook Drive
Glastonbury, Conn. 06033
Main Telephone
Number: 860/652-3155
Internet Home
Page Address
(URL) www.opensolutions.com
Chief Executive
Officer: Louis Hernandez, Jr.
Chief Financial
Officer: John S. Wieczorek
Investor Relations
Contact: Louis Hernandez, Jr.
Business number: 860/652-3155 x234
Public Relations
Contact: Michael D. Nicastro
Business number: 860/652-3158
Industry: Software, Banking/Finance
Company description: Open Solutions Inc. offers The Open Community Network (OCN OCN Open College Network OCN Oceanography OCN Open Computer Network OCN Operating Company Number (NANPA) OCN Oncology Certified Nurse OCN Of Course Not OCN Orange County News Channel OCN Optical Carrier Level N ) a comprehensive technology platform which integrates electronic commerce with Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the banking and enterprise processing applications. OCN consists of three primary components: e-Commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. 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 institutions' unique local identity. e-Commerce Banker BANKER, com. law. A banker is one engaged in the business of receiving other persons money in deposit, to be returned on demand discounting other persons' notes, and issuing his own for circulation. One who performs the business usually transacted by a bank. (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 TCBS Tea Club and Barrovian Society (from Tolkien novel) TCBS The Bear Creek School TCBS Trunked Common Base Station ) and The Complete Credit Union Solution(R) (TCCUS TCCUS The Complete Credit Union Solution (Open Solutions, Inc) ), OSI's open architecture real time relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. enterprise processing applications that supports 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. |
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