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Open Solutions Inc Announces Changes to its Board of Directors; Two Early Stage Venture Capital Investors to Step Aside as Part of the Company's Continued Growth and Expansion.

Publication: Business Wire
Publication Date: 31-DEC-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
GLASTONBURY, Conn. -- Open Solutions Inc. (NASDAQ: OPEN), a provider of integrated enabling financial services technologies, today announced that long-term directors Douglas C. Carlisle and David Dame would step down from its Board effective December 31, 2004. Open Solutions' Chairman and CEO Louis Hernandez, Jr. made the announcement.

These changes come as part of the continued evolution and growth of the company. Earlier this year Open Solutions added Howard L. Carver, a retired partner of Ernst & Young, to the board as part of diversifying and broadening the board's scope and experience.

Douglas Carlisle, who is a Managing Director of Menlo Ventures, the first venture firm to invest in Open Solutions, has...

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