Open Solutions Acquires RemittanceSolutions Firm

July 26, 2004, 1:00 a.m. EDT 1 Min Read

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GLASTONBURY, Ct. - (07/26/04) -- Open Solutions Inc. announced Fridayit has acquired Omega Systems Corp. of North America, a Dryden,N.Y.-based company specializing in remittance and lock boxsolutions. Under the terms of the deal, OSI will pay $2.5 millionin cash for Omega Systems, its third acquisition this year.Earlier, OSI agreed to acquire EastPoint Technologies and re:Member Data Services. Omega Systems offers a product line thatintegrates image capture remittance processing with archive andretrieval and allows for ACH and Check 21 processing.

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