Open Solutions Deal for Vendor Closes

Open Solutions Inc. of Glastonbury, Conn., has acquired the Canadian core banking provider Fincentric Corp.

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The deal was announced last month. Open Solutions announced its closing Thursday.

About 160 financial services customers, mostly Canadian credit unions, use Fincentric's core processing software and other products.

Fincentric has become part of Open Solutions' Canadian operation and will continue to operate from its headquarters in Richmond, British Columbia.


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