GLASTONBURY, Conn. - Open Solutions Inc. has filed a registration statement with the SEC for an Initial Public Offering. OSI offers a number of e-commerce and processing solutions for financials, including The Complete Credit Union Solutionr, an open architecture, real-time relational database enterprise processing application. OSI is the latest of a number of tech firms serving credit unions to go public. Internet solutions providers Digital Insight, Callabassas, Calif., and cavion.com, Denver, went public in 1999. Deutsche Banc Alex Brown, will act as lead manager for the IPO. J.P. Morgan & Co. and Prudential Volpe Technology Group will act as co-managers. The company also recently announced the closing of $20 million in mezzanine investment from key financial services firms, including Key Bank and Aetna Investments. HNC Software, a leading provider of fraud detection solutions, also took part in the mezzanine investment. For more information on OSI visit www.opensolutions.com.
From the April-05, 2000 issue of Credit Union Times Magazine • Subscribe!
Open Solutions files for IPO
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