The Carlyle Group and Providence Equity Partners Complete Acquisition of Open Solutions Inc.
— Open Solutions stockholders receive $38.00 per share —
GLASTONBURY, Conn., Jan. 23, 2007 – Open Solutions Inc.Ò (NASDAQ:OPEN) today announced the completion of the merger pursuant to which Open Solutions has been acquired by affiliates of The Carlyle Group and Providence Equity Partners, two leading private equity firms. Read more...
Open Solutions Extends Cash Tender Offer Through January 23, 2007
— Senior Subordinated Convertible Notes Due 2035 —
GLASTONBURY, CT, January 22, 2007– Open Solutions Inc.® (NASDAQ: OPEN) a provider of integrated enabling technologies for financial institutions in the United States, Canada and other international markets, today announced that it has extended the expiration date for its cash tender offer for its Senior Subordinated Convertible Notes due 2035 (the “Notes”). The tender offer is being made on the terms and conditions in the Offer to Purchase dated December 21, 2006, (the “Offer to Purchase”) and related Letter of Transmittal (“the Letter of Transmittal”). Read more...
Open Solutions Inc. Announces Agreement To Be Acquired By The Carlyle Group and Providence Equity Partners
— Open Solutions Stockholders to receive $38.00 per Share; Transaction Valued at over $1.3 Billion —
GLASTONBURY, Conn., Oct. 16, 2006 – Open Solutions Inc.® (NASDAQ:OPEN), The Carlyle Group and Providence Equity Partners jointly announced today that they have signed a definitive agreement under which The Carlyle Group and Providence Equity Partners will
acquire Open Solutions in a transaction valued at over $1.3 billion. Open Solutions is a provider of integrated enabling technologies for financial institutions in the United States, Canada and other international markets. Read more...
Robert P. Pinataro Joins Open Solutions to Head Corporate Financial Solutions Group
— Pinataro's experience and guidance will benefit growth-focused Corporate Financial Solution —
GLASTONBURY, Conn., Oct. 12, 2006 – Open Solutions Inc.® (NASDAQ: OPEN), a provider of integrated enterprise-wide data processing and enabling technologies for financial services providers across the United States, Canada and other international markets, announced the appointment of Robert P. Pinataro as Open Solutions' vice president and general manager, Corporate Financial Solutions Group (CFS). Pinataro is responsible for overseeing the growth and development of Open Solutions' Corporate Financial Solutions business, which provides outsourced processing services for Health Savings Accounts (HSAs), Asset Retention Services (ARS), Broker Dealer Banking Services (BDBS) and Corporate Money Management Account Services (CMMAS). Pinataro reports to Dave Krystowiak, Open Solutions' executive vice president, Group Operations. Read more.
