BSG Bisys Grp.

BISYS Retirement Services, a division of The BISYS Group and the nation's largest independent administrator and recordkeeper for small- and mid-sized retirement plans, announced today that The BISYS Group has completed the acquisition of Frontier Trust Company from AXA Financial, Inc. Based in Fargo, ND with assets under management exceeding $12 billion, Frontier Trust has business lines consisting primarily of trustee and custodial services for qualified retirement plans. �BISYS� long standing relationship with Frontier Trust over the last 20 years makes this a natural fit,� commented Bob Guillocheau, president of BISYS Retirement Services. �In a consolidating industry, this acquisition allows BISYS to further execute our strategic vision of providing robust retirement plan services to our clients.� Following the acquisition, existing employees of Frontier Trust along with the current management structure will remain with the business and operate as a separate division in the Retirement Services business. About BISYS Retirement Services BISYS provides high-quality outsourcing solutions for every segment of the retirement marketplace. Programs are tailored to effectively support institutional retirement plan providers and selected intermediaries, facilitating their ability to service their plan sponsor and participant clients. Core offerings cover every component of a sophisticated retirement infrastructure, including administration, recordkeeping, ERISA consulting, distribution support, training and documentation. BISYS Retirement Services is a division of The BISYS Group, Inc.�s Investment Services group. About BISYS The BISYS Group, Inc. (NYSE:BSG) provides outsourcing solutions that enable 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 Frontier Trust Frontier Trust, located in Fargo, N.D., provides service to customers throughout the U.S., and has been in operation since 1987. Its primary business is employee benefit trust services provided to non-affiliated companies. These services include trustee, custodial and processing to qualified retirement plans offered through mutual fund, bank and insurance company providers and distributors. 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. 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 and quarterly report on Form 10-Q for the quarter ended March 31, 2007. 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.