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Companies partner to
provide advanced software for printing and managing IRDs and image cash
letters
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Open Solutions Inc.®
and Rosetta Technologies® Announce Partnership FOR RELEASE Sept. 21, 2006
With the addition of the Rosetta Technologies functionality to Open Solutions' imaging and item processing product mix, banks and credit unions processing items in-house can print cash letter and IRDs—giving Open Solutions' clients the best of either alternative. “This relationship is unique in that Open Solutions is not only going to resell Rosetta Technologies solutions in a traditional value-added reseller capacity, but Open Solutions is already an end-user of our IRDPrint™ solutions in their item processing sites,” said Rob Hullar, president of Rosetta Technologies. “We believe Open Solutions is a powerful business partner and they have demonstrated a proven ability to leverage this type of relationship to offer the market solutions both as a value-added integrator and as a service provider for its clients who choose to outsource item processing to them.“ “Imaging has the power to dramatically reduce operating expenses for community financial institutions,” said Mark Ryan, vice president and general manager, Open Solutions Imaged Payment Technologies. “Institutions have to be advanced enough to leverage image solutions to reduce cost, improve quality and service. Yet they have to be flexible enough to process paper, data and images. Open Solutions offers our clients the options they need to clear items – via paper or electronically – no matter what stage of technological evolution an institution may be in.” Mike Nicastro, Open Solutions' SVP and chief marketing officer, said, “Check 21 is changing long-standing operational strategies within our industry. For those clients looking to stay in front of the competition, our products, services and partnerships give them that choice. Our relationship with Rosetta Technologies allows our clients the opportunity to move even further into the electronic payments world. We believe our technology offers community financial institutions the options and the confidence to adopt new strategies and product offerings at their own pace.” About Open Solutions Inc. Open Solutions Inc. is a registered
trademark of Open Solutions Inc. All other company and product names may
be trademarks of their respective owners. Copyright 2006 Open Solutions
Inc. All rights reserved.
For further information please contact: |
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PRESS RELEASES
Rosetta Technologies Worldwide
Headquarters |
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GLASTONBURY,
Conn. — Open Solutions Inc., (NASDAQ: OPEN) a provider of integrated
enabling technologies for financial services providers across the United
States, Canada and international markets, and Rosetta Technologies
Corporation, Tampa, Fla., a leader in secure enterprise printing
solutions, announced they will partner to provide enhanced software and
MICR laser printers for the printing and management of image replacement
documents (IRDs) or substitute checks for the new Check 21 initiative.
