January 7, 2004

FOR IMMEDIATE RELEASE

Open Solution Inc.'s fti/Financial Technologies Signs Twelve New Clients

Sales of Profitability Solution and Financial Platform Continue to Grow

GLASTONBURY, Conn., January 7, 2004 - Open Solutions Inc.'s fti/Financial Technologies (FTI), a business unit of Open Solutions (NASDAQ: OPEN) and a provider of integrated financial accounting tools, asset liability management software and enterprise profitability solutions, announced that twelve financial institutions recently purchased one or more of its financial solutions.

Two of the new clients, Oneida Savings Bank in Oneida, NY and South Valley Bank & Trust in Klamath Falls, OR, purchased ProfitVision, Open Solutions' FTI enterprise-level profitability solution. Rick Stickels, chief financial officer for Oneida Savings Bank, noted, "The time has come for us to understand who the real contributors to our bottom line are at a departmental and product level. The ProfitVision solution enables us to do that as well as get a clear picture of the expense side." Oneida Savings Bank has used other profitability solutions in the past, but found ProfitVision to be the solution that meets their needs.

Other clients joining Open Solutions client base purchased FTI's Accounts Payable, General Ledger, Advanced Report Writer, Fixed Assets and Asset/Liability solutions. Some of the new clients are Pioneer Credit Union in Green Bay, WI; First National Bank of the Rockies in Meeker, CO; Baton Rouge Teachers Federal Credit Union in Baton Rouge, LA; Pacific Marine Credit Union in Camp Pendleton, CA; InterSavings Bank in Edina, MN; First Bristol Federal Credit Union in Bristol, CT and Crescent Bank in New Orleans, LA.

Kevin Cochran, senior vice president and chief financial officer for First National Bank of the Rockies, said, "We were looking for a powerful asset/liability and budgeting tool and Open Solutions' FTI product offering met all of our needs. FTI's interface to our core processing system saved us from a massive data input effort."

Anne Miela, vice president and group manager of Open Solutions' FTI group, said, "We are very pleased with our growth in clients. We have been listening carefully to our clients and working hard to deliver what we believe to be the best financial solutions in the industry."

About Open Solutions Open Solutions Inc. offers a fully featured strategic product platform thatintegrates core data processing applications, built on a single centralized Oracle relational database, with financial accounting, Internet banking, cash management, electronic commerce, lending origination and imaging solutions. OSI's full suite of products and services allows banks and credit unions to better compete in today's aggressive financial services marketplace, expand and tap their trusted financial relationships, client affinity, community presence and personalized service. For more information about Open Solutions, or its financial product line

Contact: Marvin (Mickey) Goldwasser Open Solutions Inc. 860.652.3153 mgoldwasser@opensolutions.com www.opensolutions.com

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