BISYS(R) Regulatory Consulting and Feith Systems Partner for Regulatory Compliance and Records Management Solution; Consulting and Technology Alliance Enables Broker/Dealer and Advisory Firms to Comply With Regulatory and Legislative Mandates.

ROSELAND, N.J. -- BISYS, a leading provider of outsourcing solutions for the financial services sector, today announced a partnership with Feith Systems to provide broker / dealer and advisory firms with a total regulatory compliance and records management solution.

"BISYS Regulatory and Consulting Services provides our clients with the guidance and expertise they need to achieve a culture of compliance in an intensely regulated, changing environment. Our professional staff includes former regulators who have extensive experience in relevant compliance matters. While we offer this objective consulting expertise, Feith brings the underlying technology and tools that can augment our findings and recommendations," explained George F. Evans, executive vice president of business development, BISYS Investment Services.

To complement BISYS' regulatory guidance, Feith Systems will provide access to its Legal and Compliance Workbench(R) as well as its Litigation Support and e-Discovery Platform. The Workbench creates a composite operational dashboard that integrates analytical data and related documents that can then be used as a point of oversight and collaboration for compliance teams. It provides case file management, audit trails, and transaction histories. "The Workbench is an efficient tool to eliminate searching on multiple systems for information or inappropriate activity," said Robert Goldstein, compliance practice director, Feith Systems and Software, Inc. "It serves to maximize the data and content a firm already has in various systems by integrating and reconciling key information."

E-mail retention as it relates to SEC Rule 17a-4 and Rule 204(2) of the Advisers Act has become a compliance priority and a costly, time-consuming burden for many investment firms. "Our partnership with Feith is one way that BISYS strives to address our clients' needs to ensure proper retention, management and disposal of E-mail communications," commented Mr. Evans. Feith's Litigation Support and e-Discovery Platform is designed to take the dependency off of the IT and legal departments to locate, retrieve, and investigate the enterprise message and content archives.

"In this unique alignment that will ultimately benefit our clients," Mr. Evans said, "Feith offers the power of their technology, and BISYS provides the brainpower and services of its seasoned regulatory and compliance consultants."

About BISYS Regulatory Consulting Services

As an independent source of compliance and regulatory consulting assistance, BISYS Regulatory Services is the consulting firm of choice for more than 1,100 brokerage and investment management organizations. Established in 1984, BISYS Regulatory Services has continued to provide proven regulatory management consulting services developed and delivered by former SEC, NASD and state regulators, as well as compliance officers from a variety of industry segments. BISYS' clients benefit from the firm's extensive regulatory history, hands-on expertise, practical guidance, technical skills, and customized solutions. Additional information is available by calling 1-800-994-7249.

About BISYS

The BISYS Group, Inc. (NYSE:BSG) provides outsourcing solutions that enable investment firms, insurance companies, and banks 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 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 Feith Systems

A leading provider of SEC compliance technology, Feith Systems, established in 1979, offers comprehensive content management solutions. Feith's off-the-shelf technology includes compliance and document management, electronic forms, and E-mail archiving. Several industries, such as financial services, banking, insurance, healthcare, government, manufacturing, and services are using Feith technology to efficiently manage their content and business processes as well as make smarter decisions faster. Additional information is available at www.feith.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 subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting BISYS' business. More detailed information about known and unknown risk factors that could cause actual results to differ materially from those expressed or implied by such statements are discussed in BISYS' periodic filings with the Securities and Exchange Commission. BISYS is not obligated to (and expressly disclaims any obligation to) revise or update any forward-looking statements in order to reflect events or circumstances, whether they arise as a result of new information, future events, or otherwise.