Weiland Financial Group, which provides bank account analysis software to both corporate and financial institutions, has been acquired by Open Solutions, a vendor of software systems for financial institutions. The terms of the transaction were not disclosed.

Weiland will continue to offer its products on a stand-alone basis. Open Solutions, which was taken private in 2006 by Providence Equity Partners and the Carlyle Group, will integrate Weiland's products for banks with its own.

Open Solutions sells its bank solutions mostly to small and midsize banks and credit unions, while Weiland targets the large banks that dominate the cash management market and large corporations.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.