[February 17, 2004]
Open Solutions' Architecture Supports Linux
Open Solutions Inc. (NASDAQ:OPEN), a provider of integrated data processing technologies for community financial institutions, announced it has successfully completed its Linux pilot program and has validated Linux running in a live processing environment.
This provides financial institutions with yet another option for implementing the company's core relational solution. Designed and based on an open architecture, Open Solutions' single-platform data processing solution has the ability to run in a Windows, UNIX or Linux environment on a wide range of hardware platforms used in the industry.
Open Solutions is utilizing Linux on the primary Oracle database servers that support The Complete Banking Solution(R) (TCBS) and The Complete Credit Union Solution(R) (TCCUS), the company's relational core data processing systems for banks and credit unions. In addition, Open Solutions' Technology Outsourcing Center, a multiple institution servicing center that is using many advanced technologies, also has Linux operational, giving financial institutions an additional application service provider (ASP) option. Institutions have the choice to process either in-house or through the secure outsourcing center, and in either case the application is designed to be identical in appearance to the end-user financial institution.
Louis Hernandez, Jr., Open Solutions Chairman and CEO said, "Open Solutions is committed to giving its clients the opportunity to determine the best strategy for their unique operations. We understand that not every institution has the same technological needs; therefore, we believe we offer the latest technology from which to select when implementing our solution. Our solutions are flexible, enabling us to utilize what we believe to be the most advanced technologies. Offering Linux as an option further supports our belief that the client should control the technology, rather than the technology controlling the client."
The open design of the system provides clients with additional advantages. This includes running Linux on Blade Servers, which can provide significant scalability at lower cost.
Additional advantages include reduced risk of fault or failure, the ability to easily add additional storage and load balancing to distribute processing power.
Open architecture and a relational database core system design enable Open Solutions to provide its clients with capabilities that are not available on legacy-based systems. "We can now offer many more advantages and options to our clients," said John Messier, Chief Technology Officer for Open Solutions. "Our Technology Outsourcing Center is just one powerful example of expandable processing power that also provides scalable data storage and fast data access. We believe the Linux operating system provides a stable platform that supports this low cost, highly scalable model."
Open Solutions integrates core data processing applications, built on a single centralized Oracle relational database, with Internet banking, cash management, financial accounting tools, electronic commerce and lending management solutions.
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