Glastonbury, Conn. - Open Solutions Inc.(R) (NASDAQ: OPEN), a provider of integrated enabling technologies for financial service providers across the United States, Canada and international markets, announced it signed an agreement with City of Bridgetown Co-operative Credit Union, Bridgetown, Barbados. The $109 million credit union, which has 44,000 members and two branches, serves anyone living or working on the island as well as legalized citizens of Barbados. City of Bridgetown Co-operative Credit Union will implement The Complete Credit Union Solution(R), along with other Open Solutions' complementary technology applications.

"Our vision is to be the preferred financial institution in Barbados," said Steve Belle, general manager of City of Bridgetown Co-operative Credit Union. "We recognize the importance of an open architecture, flexible core data processing platform that will allow us to customize the system and have that system grow with our needs. We have been using our current core platform for the last 10 years and saw major gaps. We felt it was time to review our processes and select a new vendor that could better meet our growth strategy."

"In Barbados, there is an extremely high level of competition in the banking business that is brought from corporate level institutions," Belle said. "There are six commercial banks in Barbados, all of which are large, multinational banks. The only way we can make a difference is to consistently deliver high quality products and services - above what our members would get elsewhere."

According to Belle, "We identified a vendor selection team that included representatives from all major departments such as lending, operations, finance, accounting, etc. Together, we researched the solutions other credit unions were using and performed an internal analysis to determine the types of services we wanted to offer our members. The evaluation was based on the following criteria: functionality, features and benefits, open architecture, vendor business strengths, conversion and operations support, as well as the cost over a five-year period. After an impressive on-site presentation, capabilities demonstration and a vendor review, we selected Open Solutions. The team felt Open Solutions offered the most complete open technology platform and member service to help us achieve our goals."

The Complete Credit Union Solution is a relational enterprise-wide data processing platform designed specifically for credit unions. It offers a fully featured strategic product platform, integrating core data processing with member-centric applications such as Internet banking, business intelligence, financial accounting, imaging and interactive voice response solutions. Built on a single, centralized Oracle(R) relational database, it is an open architecture application that delivers real-time data processing.

In addition to The Complete Credit Union Solution, the credit union will implement Open Solutions' e-Statements; e-Sign; the Financial Accounting Suite; Maxxar(R) Touch-tone Interactive Voice Response (IVR); and Internet banking applications.

"The recent growth of the Caribbean banking industry has created a need for major changes in the technology infrastructure that supports the regional financial sector," said Louis Hernandez, Jr., chairman and CEO of Open Solutions. "Open Solutions is pleased to offer our product suite to this market. We believe Open Solutions offers the most advanced functionality and industry-focused technology available and we are looking forward to playing an important role in helping City of Bridgetown Co-operative Credit Union meet there growth and business objectives and have the ability to offer competitive products and services to its members well into the future."

About Open Solutions Inc.

Open Solutions Inc. offers a fully featured strategic product platform that integrates core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, Check 21, document imaging, interactive voice response, network services, Web hosting and design, and payment and loan origination solutions. Open Solutions' full suite of products and services allows banks, thrifts, and credit unions and financial service providers in the United States, Canada and internationally to better compete in today's aggressive financial services marketplace, and 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 Mickey Goldwasser by email at mgoldwasser@opensolutions.com by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions' Internet site at www.opensolutions.com.

Open Solutions Inc. and The Complete Credit Union Solution are registered trademarks 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.

Safe Harbor Statement

Statements made in this press release that state Open Solutions Inc.'s or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. All forward looking-statements are only as of the date of this press release and Open Solutions Inc. undertakes no obligation to update or revise them. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause Open Solutions Inc.'s actual results to differ materially from those projected in such forward-looking statements. For example, if we fail to adapt our products and services to changes in technology or in the marketplace, we could lose existing clients and be unable to attract new business. Factors which could cause our actual results to differ materially from those projected in forward-looking statements include, without limitation, economic, competitive, governmental and technological factors affecting the banking and credit union industry and/or Open Solutions Inc.'s operations, markets, products, services, prices and other factors set forth under the heading "Factors Affecting Future Operating Results" in Open Solutions' Quarterly Report on Form 10-Q for the three months ended March 31, 2006, as filed with the Securities and Exchange Commission.