BSG Bisys Grp.

BISYS� WealthSolutions�, an industry-leading provider of managed account outsourcing services for asset managers and program sponsors, and Bonaire Software Solutions, LLC, a global developer of software and technology solutions for the financial services industry, announced their strategic alliance today. Their partnership will provide current and prospective BISYS clients with a web-based portal for automated online fee calculations for tracking revenue streams and invoicing managed account clients. The multi-currency, multi-lingual REVPORT� creates compliance-driven audit trails further eliminating manual processes, which are labor intensive and error prone. BISYS� managed account clients will be able to automatically calculate a variety of fees, including foreign currency, 12b-1, asset management, wrap, and performance. Sub-advisor payouts and commissions associated with accounts and portfolios are also automatically computed. �We are excited to be fully integrating REVPORT into our WealthSolutions platform,� said Mr. Joseph Mrak, senior vice president and general manager, BISYS WealthSolutions. �Within the managed account industry, billing and fee calculations are notoriously complex and time consuming tasks. The advent of the UMA (unified managed account) and UMH (unified managed household) coupled with the additional fee-split requirements, has sent firms seeking automated solutions. Unfortunately, few affordable full-service offerings exist. Our alliance with Bonaire takes the billing process to a new level and underscores our commitment to put the marketplace�s best technologies and services to work for our clients.� REVPORT accepts data feeds from clients� record keeping platforms, performs complex calculations, and then posts the fees to the general ledger. Upon processing the data, the system automatically generates invoices as well as audit, financial control, and management reports. BISYS� WealthSolutions clients will have the flexibility to utilize the managed accounts outsourcing expertise within BISYS or manage their billing tasks themselves through the hosted solution. �By partnering with BISYS WealthSolutions, an innovator and major provider in the managed account space, we have the opportunity to introduce our software solutions to a financial market that is increasingly faced with more complicated fee and revenue management processes. We believe that REVPORT�s proven ability to address these issues in a cost-effective manner will generate considerable interest and demand,� said Mr. John Bosley, chief operating officer, Bonaire Software Solutions, LLC. About BISYS WealthSolutions WealthSolutions provides a comprehensive, flexible suite of services designed to meet the demands of the managed account marketplace, including separately managed accounts (SMA) and unified managed accounts (UMA). This innovative outsourcing service model enables clients to focus on asset management and market penetration. In addition, clients benefit from BISYS� established operational infrastructure and state of the art technology that provides a single, consolidated platform for trade and account processing. WealthSolutions brings together BISYS� outsourcing expertise, proven infrastructure and experience in developing policies and procedures to wealth management providers. Additional information is available at www.bisyswealthsolutions.com. About BISYS The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that help investment firms and insurance companies to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans, separately managed accounts, and other investment products. Through its Insurance Services group, BISYS is the nation�s largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care, disability, and annuity products. Additional information is available at www.bisys.com. About Bonaire Software Solutions, LLC Bonaire is focused on providing product and service solutions to the financial services industry. Clients include industry leading investment managers, mutual funds, broker dealers, registered investment advisors, custody and clearing, wealth management and retirement services providers. Products include REVPORT�, a Revenue Management and Fee Billing application, and RECAST�, a transfer pricing and revenue reallocation module providing revenue reallocation with conditional rules based logic that creates real time revenue and expense reports. Based in Boston, MA, Bonaire is a privately held company founded in 1999. For more information about Bonaire Software Solutions, please visit www.bonairesoft.com. Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current reasonable expectations and are subject to certain assumptions, risks, uncertainties and changes in circumstances due to future events as well as changes in economic, competitive, regulatory and/or technological factors affecting BISYS� business, including, without limitation, the impact of the Company�s evaluation of strategic alternatives and the outcome of pending and future government investigations and litigations involving the Company. More detailed information about risk factors that could cause actual results to differ materially are noted in BISYS� periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended June 30, 2006. These documents can be accessed on BISYS� website at www.bisys.com under the �Investor Relations� tab. Forward-looking statements are only predictions, not guarantees of performance, and speak only as of the date they are made. BISYS disclaims any obligation to update or amend these statements in light of new information, future events or otherwise.