Hogan Financial Systems To Provide Disaster Recovery Services To Open Solutions' Item Processing Clients

GLASTONBURY, Conn. & FLOWER MOUND, Texas--(BUSINESS WIRE)—Hogan Financial Systems Inc., a provider of item processing disaster recovery solutions to financial institutions, and Open Solutions Inc.®, a leading provider of integrated enabling technologies for financial services providers throughout the United States, Canada and other international markets, announced a referral partnership agreement under which Open Solutions' in-house item processing clients will have direct access to Hogan's disaster recovery services.

Under the terms of the referral agreement, Hogan Financial will provide complete support to Open Solutions' in-house item processing clients in the event of a disaster declaration. Open Solutions' clients will have the ability to continue check processing and enable their customers or members to have continued access to funds. Hogan's services include redeployment of the client's check processing systems, as well as driving branch capture operations and electronic exchange.

Hogan Financial and Open Solutions have worked together as business partners for eight years and this new agreement takes the partnership to the next level.

"The business continuity needs of financial institutions are rapidly evolving with the adoption of branch capture and electronic presentment," said Ken Hogan, president of Hogan Financial. "Institutions now realize that support for their branch capture operations – along with electronic cash letter receipt and presentment – are necessary components of disaster recovery planning. They want to continue these functions during a disaster but may lack the technical expertise to support these operations from a branch that may have been unaffected. That's where we're able to help. We're excited to be expanding our partnership with an industry leader like Open Solutions."

According to Ron Young, VP, product strategy and management of Open Solutions Inc., "Hogan Financial is a valued and trusted business partner and with a focused staff and dedicated resources, the company is well-suited to help our in-house IPTG clients solidify their business continuity planning. This new aspect of our relationship with Hogan will allow us to better address the specialized disaster recovery needs of our item processing clients, particularly as they evolve with the rapid adoption of our branch capture and electronic cash letter solutions. We continue to be enthusiastic about our partnership with Hogan Financial and believe our clients will greatly benefit from this service offering."

About Hogan Financial
Founded in 1998 and headquartered in Flower Mound, Texas, Hogan Financial specializes in item processing disaster recovery services for its community banking clients. More than just a computer facility, its mission is to provide hands-on technical support to a bank while it recovers from a disaster. For more information about the company, contact Ken Hogan at 972-724-2618 or visit their Web site at www.hoganfin.com.

About Open Solutions Inc.
Open Solutions Inc. offers a fully-featured strategic information management 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 and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, technology services, HSAs, payments and loan origination solutions. Open Solutions' full suite of products and services allows banks, thrifts, credit unions and financial services providers throughout the world 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,

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