Open Solutions Continues To Binge OnCorporate Deals

April 07, 2005, 1:00 a.m. EDT 1 Min Read

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GLASTONBURY, Ct. - (04/07/05) -- Open Solutions Inc. said it hascontinued its acquisition spree, which has included seven corporatedeals over the last 15 months, with an agreement to acquireSOSystems. SOSystems is a provider of core data processing andsupport services for 120 credit unions. Under terms of theagreement, Open Solutions agreed to pay $11 million in cash.SOSystems will become part of Open Solutions' Core Systems Groupand will continue to be based in Orem, Utah.

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