Open Solutions Raises AdditionalFunding

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GLASTONBURY, Ct. - (06/09/04) -- Open Solutions Inc. said it raisedan additional $13.6 million in capital with a previously announcedsecondary stock offering through the exercise of an underwritersover-allotment of 665,000 shares at the offering price of $21.50 ashare, minus an underwriting discount of $1.07. The company alsosold one million shares in the offering to raise $21.5 million.Another 3.5 million shares were sold by investors in the company,including venture funds for KeyCorp., Aetna Life Insurance,Connecticut Innovations and Axiom Venture Partners, both Hartford,Ct., venture firms.

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