GLASTONBURY, Conn. -- Open Solutions Inc., which recentlyannounced that it would be converting from a public to privatecompany, continues to be aggressive on the acquisition front.

The firm has acquired Lombard, Ill.-based Raddon FinancialGroup, Inc. for $27.5 million. RFG provides CRM, research data,analysis, strategic counsel and marketing solutions to hundreds offinancials, including credit unions.

RFG Senior Managers Bob Lawhead and Bob Dye will continue tolead the company. RFG founder Gary Raddon will also remain with thecompany.

According to Open Solutions, it shares a complementary suite ofenabling technologies with RFG that provides financial institutionswith technological tools to help them better compete and offeradditional services in their marketplaces. Both RFG and OpenSolutions have common clients and integration efforts are underwayto raise those numbers, said Open Solutions.

Private equity firms The Carlyle Group and Providence EquityPartners are purchasing Open Solutions for $1.3 billion. The firmshope to take Open Solutions public again in the future as a biggercompany.

Open Solutions has become very acquisitive in recent years. In2004, it acquired interactive voice response firm MAXXAR, coreprocessor RDS, Canadian core processor Datawest, lock box processorOmega and core bank processor East Point Technologies.

In 2005, it acquired the credit union core processing divisionof CGI, credit union core processor SOSystems, item processor FDSI,document management firm COWWW Software and in its biggest dealever, the core processing/imaging division of BISYS, a deal worth$470 million.