GLASTONBURY, Conn. - Open Solutions Inc., an Internet solutions provider serving the financial industry, has acquired the e-commerce product line of NDC eCommerce, Atlanta. NDC eCommerce is 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 products will be rolled into Open Solutions' Open Community Network (OCN) e-commerce model, a suite of software and services designed to help financials strengthen their e-commerce channel. Open Solutions will also acquire NDC eCommerce's current Internet banking clients and prospects. "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." -pgentile@cutimes.com
OSI acquires e-commerce products of NDC eCommerce
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