Open Solutions Makes Equity Investment InCUSO

Register now

GLASTONBURY, Conn. - (08/18/04) Open Solutions Inc. has made an equityinvestment in Open Technology Solutions, a Colorado-based CUSO thatallows credit unions to share technical expertise and systems, andto achieve better operational efficiencies. OTS currently runs OpenSolutions’ technology solutions in a CUSO environment for twoof Open Solutions’ clients, Colorado-based Bellco CreditUnion and New York-based Bethpage FCU, which co-founded the CUSO.“Inviting a key technology provider to become a partner in aCUSO recognizes the value of the provider and more tightly linksthe success of the two organizations. We look forward to a long,successful business relationship,” says Mike Atkins, ChiefOperating Officer of OTS.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER