Open Solutions Acquires Weiland Financial Group

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GLASTONBURY, Conn. – Open Solutions, Inc., announced yesterday it has agreed to acquire The Weiland Financial Group, a provider of financial account-management solutions for financial institutions and Fortune 1000 companies.

Founded in 1981, Weiland is an innovator in the billing and analysis of treasury service fees. The Chicago-area company is the primary author of the 822 & BSB electronic billing standards; has pioneered SaaS account analysis; and is the only provider of its kind to serve both financial institutions and corporations.

For credit unions and banks, Weiland’s Commercial Account Analysis is a full-featured billing suite that generates account analysis statements, analyzes customer profitability, and drives fee income.

Financial terms of the deal were not disclosed.

Open Solutions is owned by private equity giant The Carlyle Group.

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