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Open Solutions Acquires Omega Systems

Monday 26 July 2004 00:33 CET | News

Open Solutions has acquired Dryden, NY-based Omega Systems. Under the terms of the agreement, Open Solutions will acquire Omega Systems for approximately $2.5 million in cash.

Omega Systems will become part of Open Solutions existing check imaging, document imaging and item processing business unit, imagic, reporting into the companys Strategic Solutions Group. For the fiscal year ended 2003, Omega Systems reported revenue of approximately $2 million. Open Solutions and Omega offer a complementary suite of enabling technologies that provide financial institutions with the technological tools to help them better compete and offer additional services in their marketplaces. Open Solutions plans to offer the Omega systems as an in-house solution as well as a serviced offering out of its Simsbury, CT and Utica, NY item processing locations.


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Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
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