M&A Deal Summary

Open Solutions Acquires EastPoint Technologies

On June 18, 2004, Open Solutions acquired software company EastPoint Technologies from Berkshire Bank

Acquisition Highlights
  • This is Open Solutions’ 1st transaction in the Software sector.
  • This is Open Solutions’ 1st transaction in the United States.
  • This is Open Solutions’ 1st transaction in New Hampshire.

M&A Deal Summary

Date 2004-06-18
Target EastPoint Technologies
Sector Software
Buyer(s) Open Solutions
Sellers(s) Berkshire Bank
Deal Type Divestiture

Target

EastPoint Technologies

Bedford, New Hampshire, United States
EastPoint Technologies LLC is a software and data processing provider for financial institutions

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Buyer(S) 1

Buyer

Open Solutions

Glastonbury, Connecticut, United States

Category Company
Founded 1992
Sector Software
Employees1,703
DESCRIPTION

Open Solutions LLC is a provider of software and software-enabled outsourcing solutions to banks, thrifts and credit unions.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1

Seller(S) 1

SELLER

Berkshire Bank

Boston, Massachusetts, United States

Category Company
Founded 1846
Sector Financial Services
Employees1,310
Revenue 412M USD (2023)
DESCRIPTION

Berkshire Bank is a regional bank and financial services company providing the service capabilities of a larger institution and the focus and responsiveness of a local partner to its communities. Berkshire Bank was founded in 1846 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 1
Type (Divestiture) 1 of 2
State (New Hampshire) 1 of 1
Country (United States) 1 of 2
Year (2004) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Berkshire Financial Planning

Pittsfield, Massachusetts, United States

Berkshire Financial Planning Ltd. is a provider of financial services in Western Massachusetts.

Buy -