GLASTONBURY, Ct.– Credit union outsourcer Open Solutions Inc., which is in the process of going private, said yesterday it has acquired Raddon Financial Group, Inc. in a deal valued at $33 million. Raddon Financial, based in Lombard, Ill., provides CRM, research data, analysis, strategic counsel and marketing solutions to financial institutions. Under the terms of the deal, Open Solutions paid for $27.5 million in cash with the potential for a $5.5 million earn out. Open Solutions itself has agreed to be acquired by private equity firms, The Carlyle Group and Providence Equity Partners, in a deal valued at $1.3 billion.
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